• 2 hours WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 9 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 14 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 18 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 22 hours Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 23 hours Chevron To Invest $4B In Permian Production
  • 1 day U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 4 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 4 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 5 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 5 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 6 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
  • 7 days Gulf Keystone Plans Further Oil Output Increase In Kurdistan
  • 7 days Venezuela’s Crisis Deepens As Hurricane Approaches
  • 7 days Tension Rises In Oil-Rich Kurdistan
  • 7 days Petrobras To Issue $2B New Bonds, Exchange Shorter-Term Debt
  • 8 days Kuwait Faces New Oil Leak Near Ras al-Zour
  • 8 days Sonatrach Aims To Reform Algiers Energy Laws
5 Ways To Play The Gaming Boom

5 Ways To Play The Gaming Boom

The video-gaming industry has shown…

Hurricane Damage To Trigger Fuel Glut

Hurricane Damage To Trigger Fuel Glut

Damage from the hurricanes in…

Batteries May Replace Some Power Plants

Batteries can be an expensive way to provide power to utility customers, but new research shows they can be an effective way to generate power during high demand for electricity – if their cost continues to fall.

That’s the conclusion of battery company executives who spoke at the Utility of the Future conference in Washington on June 2-4. The sweet spot, they said, is when the price of energy storage can be brought below $300 per kilowatt-hour.

Steve Hellmann, president of Eos Energy Storage, told the conference that as costs continue to come down and the value of battery storage of electricity continues to rise, “there’s no turning back.” In fact, he said, so-called “peaker plants,” designed to handle surges in power demand, will become obsolete within five years.

Peaker plants are expensive and inefficient because they’re used only at peak demand. Batteries, though, can be used much more often, such as to maintain a steady flow of electricity by balancing the supply and demand in the grid.

Related Article: How Food Can Build Better Lithium Batteries

For example, Chris Shelton, president of AES Energy Storage, says AES already has installed huge lithium-ion batteries totaling 174 megawatts. This includes a 32-megawatt unit linked to a wind farm that, among other things, helps keep a steady supply of electricity from wind turbines.

These technologies could turn utility practices upside down. Arizona State University (ASU), for example, has been holding workshops on alternative energy, the aim of which isn’t necessarily to threaten existing utilities, but to provide a roadmap for them to follow to operate profitably as energy sources change.

By Andy Tully of OIlprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News