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DOE launches design & construction of $75M grid energy storage research facility at PNNL

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The US Department of Energy (DOE) has begun work on the Grid Storage Launchpad (GSL), a $75-million facility located at Pacific Northwest National Laboratory (PNNL) in Richland, Washington that will boost clean energy adaptation and accelerate the development and deployment of long-duration, low-cost grid energy storage.

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DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. Smart grid regional demonstrations involving plug-in vehicles include (ranked by DOE funding): Columbus Southern Power Company (doing business as AEP Ohio).

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GM and ABB demonstrate community energy storage system built from 5 used Volt batteries; Duke Energy testing

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GM and ABB partnered to produce a prototype back-up power storage unit that repackages five used Volt batteries into a modular unit that becomes an uninterruptible power supply and grid power balancing system. a community energy storage system—built from five used Chevrolet Volt batteries. Click to enlarge.

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ABB and BYD enter strategic global collaboration on energy storage

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announced today a strategic global collaboration to develop new solutions for energy storage, building on their complementary strengths. ABB and BYD said they share a common vision of sustainable power and industry as well as transport solutions. Micro-grid applications. Solar energy. Marine applications.

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BNEF: energy storage is a $1.2-trillion investment opportunity to 2040

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The falling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company Bloomberg NEF (BNEF). The global energy storage market will grow to a cumulative 942GW/2,857GWh by 2040, attracting $1.2

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Hydrogenics wins order from E.ON for power-to-hydrogen-gas energy storage project in Germany

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The 2 MW energy storage facility, to be located in Falkenhagen in northeast Germany, will use surplus renewable energy sources to produce hydrogen for storage in the country’s existing natural gas pipeline network. When compared to current utility-scale solutions, Power-to-Gas offers unmatched energy storage capacities.

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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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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Electric grids require balance in order to function properly. Electric grids require balance in order to function properly. Earlier post.).