Emphasis has been placed once again on the importance of developing domestic battery supply chains for electric vehicles and energy storage by the administration of US President Joe Biden, with the country currently highly dependent on imports.
Published: 9 Jun 2021, 09:56
By:
Andy Colthorpe
AES Alamitos 100MW / 400MWh battery project in California officially went online on the first day of 2021. Image: AES Corporation.
Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
The forecast has been provided in Wood Mackenzie’s latest quarterly ‘US energy storage monitor’ report, which is published in partnership with the industry’s national Energy Storage Association (ESA). Along with that massive figure for this year Wood Mackenzie in March said that 2020 deployments were about 1,500MW / 3,500MWh the group is predicting that by 2026 the US will be a 33GWh annual market, worth around US$8.5 billion.
Zinc8 Energy Solutions First Quarter 2021 Financial Results
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE /
Zinc8 or the
Company ) (TSXV:ZAIR)(OTC PINK:MGXRF)(FSE:0E9) today filed its financial results for the first quarter ending March 31, 2021. For further information on these results, please see Zinc8 Energy Solutions Inc. Condensed Consolidated Financial Statements and Management Discussion and Analysis as filed on SEDAR.
First Quarter Highlights Include:
Ended the quarter ending March 31, 2021 with a working capital balance of over $15.5 million.
In February, closed a private placement offering of 28,750,000 common shares at a price of $0.54 per share for gross proceeds of $15,525,000.
Subsequent to March 31, 2021:
Florida Congressman Michael Waltz reacts to Jennifer Granholm’s comments distancing herself from Biden waiving sanctions on Russian pipeline.
A top Energy Department official is facing accusations of a potential conflict of interest, after a watchdog group said she had suggested a pattern of advancing the interests of an energy association of which she is a former CEO.
Kelly Speakes-Backman, who serves as acting Assistant Secretary for Energy Efficiency and Renewable Energy, is a former CEO of the Energy Storage Association.
Protect the Public’s Trust, a watchdog that identifies potential conflicts of interest, has written to the Energy Department’s general counsel pointing to an April 16 panel on energy storage technology, in which it says Speakes-Backman unnecessarily made multiple mentions of her former employer and implied her involvement in a major program initiative that would likely financially benefit her former employer and its members.
Two renewables trade associations in the US have made significant changes with the aim of advocating for policies supporting the energy storage industry at federal and state-level.