Category: Smart Grid

The U.S. will triple its energy storage capacity in three years

A new report puts the country´s energy storage capacity at 2.5 GW by 2023The United States, the world's largest economy and the second-largest consumer of electricity on the planet, is laying the foundations for a future in which its power grid will be increasingly connected to energy storage sources. Indeed a report by the U.S. Energy Administration (EIA) estimates that the United States will triple its energy storage capacity in just three years.Although the country's energy storage capacity is currently around 1 GW, the EIA estimates that it will reach 2.5 GW by 2023. As of March 2019, most of this energy resource is found in the states of California, Illinois, Texas, and West Virginia, as can be seen in the following chart published by the EIA:"KEY TO CAPTURING THE FULL VALUE OF ENERGY RESOURCES"This report is reflected...

“The electrification as a recovery engine in the post-COVID era” by Jorge González, CEO at Ormazabal

The Commission and the European Parliament are sending undeniable Messages that the Green Deal and its key target of “green energy for all Europeans” is still in force. In addition, the Spanish Government has addressed to the European Commission a new version of the National Energy & Climate Action Plan and to the Spanish Parliament a draft Climate Change Law. Both pieces of legislation are decidedly ambitious to fight against the climate change relying in the electrification and the decarbonisation of the economy.The signs are positive, Europe, and Spain with it, understand that an electrification strategy of the economy sustained in a clearly renewable generation mix it is the only way to the solution. The objective has not changed: by 2050 we can and...