Energy Storage News
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Energy companies may invest as much as $3 billion on power-storage systems in California to facilitate wider use of renewable energy.
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Coda Holdings Inc., parent of the electric-car maker that sold fewer than 100 vehicles, won court approval of a $25 million sale to a group led by a Fortress Investment Group LLC unit.
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Like a fresh wind setting in motion the blades of a giant turbine, a new idea for encouraging the development of clean energy has blown into the U.S. Congress.
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A123 Energy Solutions, a unit of China’s Wanxiang Group Corp. that produces energy-storage devices, installed a 1-megawatt battery system that will stabilize the power grid on the Hawaiian island of Maui.
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The U.K. government should give incentives to promote methods of storing excess power from renewables and releasing it when energy demand is high, said the developer of such a technology, Highview Power Storage.
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Quantum Fuel Systems Technologies Worldwide Inc., the Lake Forest, California-based developer of alternative-fuel vehicles and energy-storage systems, agreed to sell its 10-megawatt Trout Creek wind farm in Canada.
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Four U.S. Senators proposed legislation offering tax incentives to homeowners and companies that install energy-storage systems in an effort to boost investment in renewable power.
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PG&E Corp., the owner of California’s largest utility, activated its second energy-storage project, using batteries from Japanese manufacturer NGK Insulators Ltd. to balance power on the electric grid.
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Primus Power, a closely held battery maker, may announce next month a third customer that’ll use its systems to store excess power from a wind farm, according to Chief Executive Officer Tom Stepien.
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Gaelectric Holdings Plc, the Dublin- based developer, is in discussions with infrastructure investors for a 300 million-pound ($466 million) project in Northern Ireland to store surplus energy from wind turbines.
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