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SoCal Edison opens 32 MWh battery energy storage project, largest in North America; batteries from LG Chem

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The demonstration project is funded by SCE and federal stimulus money awarded by the Department of Energy as part of the American Recovery and Reinvestment Act of 2009. This installation will allow us to take a serious look at the technological capabilities of energy storage on the electric grid.

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Research Suggests Renewables Could Generate 40% of Global Power by 2050

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Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “Climate Change: Global Risks, Challenges & Decisions”. More specifically, Germany has more than doubled its share of renewable energy since 2000.

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US Departments of Treasury, Energy Announce More Than $3B in Recovery Act Funds for Direct Payments for Renewable Energy Projects

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The US Departments of the Treasury and Energy announced the availability of an estimated $3 billion for the development of renewable energy projects around the country. Eligible types of renewable energy propertires inlcude: Large and small wind. This direct payment program allows for an immediate stimulus in local economies.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Billion vs. $28.3 Billion in 2008). . Billion in 2008). Earlier post.).

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DOE to Award Up to $300M in Stimulus Bill Funding for Projects to Expand Use of Alt-Fuel and Advanced Technology Vehicles

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The installation or acquisition of infrastructure necessary to directly support an alternative fueled vehicle or advanced technology vehicle is also eligible. Refueling infrastructure will be given extra consideration if the facilities are shared or have open access to multiple fleets and/or are accessible by the public.

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ABB invests $10M in ECOtality

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The partnership brings together ABB’s experience in smart grids, renewable energy and reliable, efficient power networks, with ECOtality’s leadership in North America’s growing market for electric vehicle infrastructure. The project is funded by the US Department of Energy through a federal stimulus grant of $114.8

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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Installed revenue by ESG technology, worldwide. Pike Research anticipates that among the various application segments in this market, the integration of renewable energy—primarily wind power—will represent approximately 50% of the total capacity deployed for long duration energy storage. Click to enlarge. Earlier post.).