Convergent is helping its customers cut costs using storage. Pic: Convergent.
By Jason Deign
New York, USA-based Convergent Energy and Power is seeing the fruits of sticking to a pure-play developer model after building a 75MW, 200MWh project pipeline.
Johannes Rittershausen, Convergent’s CEO, told Energy Storage Report that behind this pipeline of projects in operation, being built or under contract there was “hundreds of megawatts … of deals we’re working on.”
Even though the company is currently focused on just two countries, the USA and Canada, its business has been doubling every year for the last couple of years.
In the next couple of years, said Rittershausen, “I could easily see a scenario where we could do better than that. We can barely keep up. It’s a great market to be in.”
The most recent addition to Convergent’s portfolio is the 7MW, 7MWh Sault Ste Marie plant in Ontario, Canada, being built to store wind and solar energy under a three-year contract with the Independent Electricity System Operator (IESO). Read more →
Gravity and rolling stock are the keys to Jim Kelly’s Advanced Rail Energy Storage concept. An electric motor powered by surplus electricity propels a train up a slope and when the electricity is required during periods of higher demand or low supply, the train is allowed to roll back downhill, turning the same motor, which now acts as a generator.
And like so many other energy storage concepts, the scale is big: in this case, eight miles long. This is the length of track planned for the Tehachapi mountains in California, which should be able to store up to 500MW of power.
GBI Research’s new report, “Global Energy Storage Market to 2020 – Targeting Transportation Sector Applications, Advanced Batteries, Ultracapacitors and Fuel Cells all Set for Growth”, provides key data, information and analysis on the market opportunities in the energy storage devices market.
The report’s positive findings provide an indication to the market potential of key energy storage technologies such as advanced batteries, fuel cells, pumped storage, flywheels and ultracapacitors.
Ontario-based Temporal Power’s high-speed flywheel energy storage units are used by utilities and power generators to smooth out supply and balance the load of their output. Now the company has raised USD$10 million in Series B funding from Enbridge Emerging Technology and Northwater Intellectual Property Fund, a fund managed by Northwater Capital Management, reports Reuters.
The Los Angeles County Metropolitan Transportation Authority has awarded VYCON a contract worth $3.6 million to install a Wayside Energy Storage Substation (WESS) at the Los Angeles Metro Red Line Westlake/MacArthur Park station. The WESS will use VYCON’s REGEN clean-energy flywheel systems to capture and store part of the energy normally lost by the trains through braking.
The energy will then be available to trains in acceleration in a clean, instantaneous form, says the company.
We rarely report on flywheels – something of a Cinderella technology in the energy storage sector – so it’s great to be able to say that the industry has a healthy future, according to a report from TechNavio.
The report forecasts a CAGR of 12.35% from 2011-2015 for the Americas, EMEA and the APAC territories. It also analyses the market landscape and includes a discussion of the key vendors operating in this market.