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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. 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. Technology costs. Click to enlarge.

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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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Southern California Edison (SCE) opened the largest battery energy storage project in North America—the Tehachapi Energy Storage Project—to modernize the grid to integrate more clean energy. 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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Battery Innovation Center opens in Indiana

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The BIC will leverage Indiana’s public and private sector assets in advanced battery technologies to create a center of excellence that will meet the research and development, rapid prototyping and contract manufacturing needs of industry, academic and military customers.

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Odyne Systems delivers 7 plug-in hybrid work trucks through the Wisconsin Clean Transportation Program

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Communities and utilities receiving the new technology were partially funded under the Wisconsin Clean Transportation Program jointly administered through the Wisconsin State Energy Office and the US Department of Energy Wisconsin Clean Cities Program. The trucks are used for construction and maintenance of the Marshfield utility grid.

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International Battery Large-Format Li-ion Cells Chosen by SC Electric for First Community Energy Storage System

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The intent is to provide the utility and its customers benefits, including load leveling, back-up power, support for plug-in electric car deployment as well as grid regulation and improved distribution line efficiencies. CES holds the promise of being an integral component of the smart grid. The requirements for CES are very demanding.

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ABB invests $10M in ECOtality

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ABB, a global provider of power and automation technologies, has made a $10-million equity investment in ECOtality, Inc. 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.

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PwC industry survey provides check-up on determining factors for EV success

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More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. This is already a reality as governments around the world have offered billions of dollars in the form of loans, grants, and rebates through various stimulus programs.