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

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In the second group, an additional 16 awards for a total of $185 million will help fund utility-scale energy storage projects that will enhance the reliability and efficiency of the grid, while reducing the need for new electricity plants. Tehachapi Wind Energy Storage Project. Notrees Wind Storage. 29,561,142.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion of final investment decisions on offshore wind projects in Europe. A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. Additional to China, Brazil ($7.6 billion), India ($7.4

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