GridBeyond Will Optimize 200-MW ESS in California
GridBeyond noted that the California power grid is becoming increasingly reliant on solar power, meaning that energy storage systems are key to mitigating to mitigate the intermittency of renewable power generation. The company said that 'effective management of Gore Street Capital's 200-MW energy storage battery will be critical in storing excess solar energy during peak generation and releasing it during high-demand periods, reducing reliance on fossil fuels and supporting grid stability, while generating revenues.' GridBeyond's CAISO optimization and proprietary must-offer strategy will be part of fulfilling the Big Rock Resource Adequacy contract acquired by a Goldman Sachs subsidiary in October 2024. Alex O'Cinneide, CEO of Gore Street Capital, said, 'Gore Street is committed to achieving the very best returns for all of its assets under management. We are therefore very pleased to have selected GridBeyond to partner with as Big Rock goes into operation and we move forward with the project.' 'We are thrilled to partner with Gore Street Capital on this energy storage project,' said McEvoy. 'This deal highlights our commitment to advancing energy storage optimization solutions and shows once again the accuracy of our AI-based solutions in delivering greater value for our customers ensuring grid stability, and supporting decarbonization goals.' GridBeyond also is exploring the use of public hourly emissions application programming interface, or API, data to track and calculate the carbon impact of its bidding strategies, which will further enhance the transparency of its optimization services and contribute to measurable environmental benefits. —Darrell Proctor is a senior editor for POWER.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
6 hours ago
- Bloomberg
NRG Falls 16% For Worst Drop Since 2022 on Data-Center Let Down
NRG Energy Inc. plunged 16% after the power producer's first deal to supply electricity to data underwhelmed investors. The company announced 295 megawatts in data-center power supply contracts on Wednesday. The agreements paled in size and scope to recent deal announcements by rivals such as Constellation Energy Corp. and Talen Energy Corp.
Bloomberg
14 hours ago
- Bloomberg
Polish Energy Minister Sees Future for Coal in Climate Wind Down
Poland's new energy minister said he supports a moderate path to meet the country's climate ambitions, allowing some coal-fired power plant to still be used in 2040. Poland is in the process of thrashing out its 2040 energy policy, with progress delayed by government infighting. There are two scenarios on the table: one where coal almost completely disappears from the energy mix by 2040 and a 'business as usual' scenario, where the dirty fuel retains a role.
Yahoo
a day ago
- Yahoo
NASA races to put nuclear reactors on Moon and Mars
The United States is rushing to put nuclear power reactors on the Moon and Mars, and hopes to launch the first system by the end of the decade. A new NASA directive -- first reported by Politico and seen by AFP on Tuesday -- calls for the appointment of a nuclear power czar to select two commercial proposals within six months, framing the push as crucial to outpacing a joint Chinese-Russian effort. Signed by acting NASA chief Sean Duffy, who is also US transportation secretary, the July 31 memo is the latest sign of the agency's shift towards prioritizing human space exploration over scientific research under President Donald Trump's second term. "Since March 2024, China and Russia have announced on at least three occasions a joint effort to place a reactor on the Moon by the mid-2030s," it says. "The first country to do so could potentially declare a keep-out zone which would significantly inhibit the United States from establishing a planned Artemis presence if not there first." The idea of using nuclear energy off-planet is not new. Since 2000, NASA has invested $200 million towards developing small, lightweight fission power systems, though none have progressed towards flight readiness, according to the directive. The most recent effort came in 2023 with the completion of three $5 million industry study contracts that focused on generating 40 kilowatts of power, enough to continuously run 30 households for ten years. Unlike solar power, fission systems can operate around the clock -- invaluable during the weeks-long lunar nights or Martian dust storms. Advances in technology have made such systems increasingly compact and lightweight. NASA formally committed to using nuclear power on Mars in December 2024 -- the first of seven key decisions necessary for human exploration of the Red Planet. Based on feedback by industry, surface power needs should be at least 100 kilowatts to support "long-term human operations including in-situ resource utilization," meaning things like life support, communications, and mining equipment to collect surface ice. It assumes the use of a "heavy class lander" that carries up to 15 metric tons of mass, and targets a "readiness to launch by the first quarter of FY30," meaning late 2029. NASA's Artemis program to return to the Moon and establish a lasting presence near the south pole has faced repeated delays. The timeline for Artemis 3, the first planned crewed landing, has slipped to 2027, a date few see as realistic given the planned lander, SpaceX's Starship, is far from ready. China meanwhile is targeting 2030 for its first crewed mission and has proven more adept at meeting its deadlines in recent years. ia/des Solve the daily Crossword
