Tag: long-duration
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ESS vs. gas peaker plants: Maine study factors in social costs
The cost/benefit comparison of a new battery-based energy storage systems (ESS) vs. a new gas peaker plant involves a substantial number of technical variables, but if social cost is not considered, then the calculus is badly skewed, according to a new study comparing ESS vs. gas peaker plants. “If you consider the social and environmental……
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Mitsubishi Power spins battery storage business into separate company Prevalon
Mitsubishi Power Americas is transforming its battery energy storage solutions (BESS) business into a standalone and legally separated company, Prevalon. Prevalon will concentrate independently on battery energy storage. It enters the market with an established track record, robust pipeline of global projects, and proven technology from Mitsubishi Power’s BESS business. The BESS business at Mitsubishi……
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Energy Vault to source lithium-ion batteries from U.S.-based KORE Power
Energy Vault selected KORE Power to deliver domestically produced batteries starting in 2025, which is when phase one of the KOREPlex facility in Arizona is expected to come online. The Master Supply Agreement outlines an initial delivery capacity of 1.3 GWh in 2025, ramping up to 7 GWh in 2027 as KORE’s domestic battery production……