A $6 billion revised settlement agreement filed by US utility Duke Energy Florida to the Florida Public Service Commission on August 29 includes plans for 50MW of storage and 500 electric vehicle charging points.
The agreement will take effect in January and will include investments of nearly $6 billion over the next four years to modernize the state’s energy grid and support the growth of renewable energy and emerging technologies.
The settlement agreement also includes investments in solar energy, smart meters and grid modernization projects and will allow the utility to scrap plans for building its $5 billion Levy Nuclear Project in Florida.
Stephen Smith, executive director of the Southern Alliance for Clean Energy, said: “Large scale solar, electric vehicles and battery storage demonstrate that Duke is embracing technologies for the 21st century.”
The state is the third biggest power consumer in the US, behind Texas and California, and second only to Texas in net electricity generation from natural gas, with 61% in 2014. It energy mix also includes coal (23%), and the state’s nuclear power plants accounted for 12%.
Renewable energy only accounted for 2.3% of Florida’s total net electricity generation in 2015, ranking the state 10th in the US for net generation from utility-scale solar energy.
Indian headquartered energy storage Ion Energy announced on February 4 it had bought French lithium ion battery management system firm Freemens in a cash and equity deal. Freemens’ engineering and sales employees will join the core team of Ion, with Alexandre Collet, founder and CEO of Freemens, becoming the Indian start-up’s vice president of read more
A ground-breaking ceremony was held on March 3 as construction began on utility Jamaica Public Service Company’s 24.5MW hybrid project using high and low speed flywheels and containerized lithium ion batteries. The project at Hunts Bay Power Plant sub-station, Jamaica, will use the hybrid system for grid stabilization and reliability services as the country read more
Vanadium firm Stina Resources announced on March 5 it had made Brian Ricker president and CEO of its subsidiary Jet Power and Controls to oversee the company’s goal of becoming a vertically integrated manufacturer of redox flow batteries. Ricker will integrate Jet Power’s electronic switchgear technology with Gildemeister’s vanadium redox flow batteries with the read more
A consortium of industry and academic partners will develop vehicle-2-grid technologies in a three-year project to advance the electric vehicle-charging infrastructure on UK roads, the University of Warwick announced on February 23. The £5.6 million ($8 million) project, funded by Innovate UK, is due to begin exploring the technology’s viability and worth to businesses read more
German storage firm Autarsys has delivered and commissioned Cyprus’s first community 75kWh energy storage system, the company announced on February 27, as the country investigates how to scale up grid-connected renewable energy on the island. The Berlin-based company, which has kW to MW-scale systems for on and off grid applications, designed and implemented a read more