8minutenergy Renewables is entering into the energy storage industry in a big way, with a 1 gigawatt project pipeline. The company, which has over 700 megawatts of solar power in operation in California, will build both stand-alone energy storage projects and solar + energy storage projects.
“Utilities and corporations nationwide are looking for reliable, cost-competitive clean energy solutions. Solar PV and energy storage are poised to meet this demand while delivering strong returns,” said 8minutenergy’s vice president of Storage Solutions, Steve McKenery. “Not only can storage improve project economics, but it can also make renewable power dispatchable – that’s a clear win for the future of clean energy.”
The company said it is exploring projects in key solar markets, including California, Texas and the Southeast. Referring to GTM Research predictions, 8minuteenergy anticipated that the US energy storage capacity will grow to 655 megawatts of installations in 2018, and exceed 2 gigawatts of installations in 2021.
“Having worked closely with the largest utilities in America for the past few decades allows us to uniquely understand our customers’ needs and system requirements,” said 8minutenergy’s vice president of Storage Integration, Carl Stills. “We are working on storage solutions that are already cost-competitive across the board, improve energy yield, and maximize renewable incentives. Now with fully dispatchable renewable energy, we can complement any existing utility portfolio.”
The company is employing a technology-agnostic approach to energy storage. As such it is looking to a variety of energy storage solutions, ranging from featuring lithium-ion and flow batteries to flywheels and other potential energy storage mediums. The company will test energy storage systems at its expanded PV research and development facility, to which it is adding energy storage facilities to test plant performance innovations and grid balancing capabilities.
8minuteenergy already has installed the first giant lithium-ion energy storage project in the western US, a 30 megawatt facility. It’s also installed the first utility-scale wind and storage project in Hawaii. The company also has filed for numerous patents on battery storage technologies.Tweet