Enel subsidiary Enel Green Power North America in August closed on the acquisition of EnerNOC, paying about $250 million for the energy management company. Earlier this year, Enel Green Power bought Demand Energy Networks, showing an appetite for energy management sector. Now it appears the utility is eyeing energy storage.
Speaking at a conference in Moscow, Starace told Bloomberg that Enel is looking for acquisitions in energy storage as the technology becomes more widespread and important in balancing the intermittency of the growing amount of renewables on grids in Europe and North America. Starace said there are already regions where batteries are commercially attractive, including the U.S., Europe and Latin America.
European utilities are showing an increasing interest in energy storage. In July, French oil company Total completed the $1 billion acquisition of battery maker Saft. In December 2015, Germany’s E.on invested in energy storage software company Greensmith Energy Management. Greensmith was later acquired by Finnish power system manufacturer Wartsila in a $170 million deal.
Click Here to Read Full Article
read more
Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources.
Today, supercapacitors are found in many electronic applications. In automotive applications alone, they are used in startup systems, energy recovery solutions, and fast charge-discharge systems, to name a few. Supercapacitors can charge/discharge quickly without losing energy storage capacity over time. They also have very high power density. In contrast, batteries can store larger amounts of energy but they have a defined cycle life. A combination of batteries and supercapacitors results in a hybrid energy storage system that could help meet the needs of myriad renewable energy applications.
The installed capacity of energy storage for microgrids is expected to increase dramatically over the next decade, with nearly 15 gigawatts of new cumulative capacity and revenue worth $22.3 billion, according to a new report from Navigant Research.
A distributed smart grid that can “heal” itself in the event of system components failing has energy storage and energy management software at its core, grid-scale system integrator Alfen has said.
Renewable energy sources are only as reliable as the natural world that fuels them. A cloud passing overhead cuts off solar power; the wind stops blowing and windmills stop working. In order for us to depend on undependable power sources, we need a grid-sized backup to acts of God.
If you live in Frankfurt, Germany and have solar panels on your roof, you might be able to generate enough energy to power your whole home throughout the day. But if you pull in too much energy for your needs, or not enough, you can trade power with another solar-powered home in Hamburg, or Berlin, or anywhere in the country. That’s the principle behind
Conductive metal-organic frameworks could form basis of storage systems for renewable energy, says US team
Wind and solar power are increasingly popular sources for renewable energy. But intermittency issues keep them from connecting widely to the U.S. grid: They require energy-storage systems that, at the cheapest, run about $100 per kilowatt hour and function only in certain locations.