POV: Power Breakfast

Power Breakfast for Mar. 22, 2016

Dyson to spend $1.4 billion on battery storage; EIA reports 197 million tons of coal accumulated at the end of 2015; Puerto Rico working with battery company for solar facility

POV: Power Breakfast

A nearly daily update of energy-related news:

  • Dyson Ltd., the U.K. vacuum cleaner producer, will spend $1.4 billion on battery development over the next five years as it expands into new sectors. Dyson has recently been awarded a £16 million grant from the British government to spend on researching longer-lasting batteries. Investment into batteries is not new for Dyson as it acquired a U.S. solid-state lithium-ion battery manufacturer for $90 million named Satki3 in 2015.
  • The EIA reports that there were 197 million tons of coal accumulated at the end of 2015, the highest year-end level in at least 25 years. Analysts attribute this to a decline in the demand for coal due to a warmer winter and to a shift away from this resource as a power source.
  • In order to meet a 20 percent renewable mandate by 2035, Puerto Rico’s electric utility (PREPA) is working with Saft to supply lithium-ion battery storage to a 10 MW solar facility on the island. “In remote locations and islands, it is essential our batteries can handle substantial daily energy flows and high power outputs in order to stabilize solar farms. Enabling Puerto Rico to generate solar energy domestically not only addresses RPS goals, but also adds local jobs,” says Jim McDowall, Saft business development manager.
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