8minutenergy Renewables LLC, an independent solar power developer, has announced it expanded into the energy storage market with a 1 GW project pipeline. The company says its core energy storage team includes experts with over 100 years of combined experience in the utility, transmission and storage sectors, as well as experience in storage development with major utility customers in the U.S.
According to 8minutenergy, moving into energy storage aligns with industry forecasts predicting that the nation’s annual energy storage capacity will surge in the coming years. The company is focused on standalone storage and hybrid (solar+storage) systems, and it is pursuing opportunities in key solar markets, including California, where 8minutenergy says it maintains more than 700 MW in operational generation assets. The company adds it is also addressing growing markets, such as Texas and the Southeast.
“Utilities and corporations nationwide are looking for reliable, cost-competitive clean energy solutions. Solar PV and energy storage are poised to meet this demand while delivering strong returns,” says Steve McKenery, 8minutenergy’s vice president of storage solutions. “Not only can storage improve project economics, but it can also make renewable power dispatchable – that’s a clear win for the future of clean energy.”
8minutenergy says it is working with manufacturers to offer energy storage solutions featuring lithium-ion and flow batteries, flywheels, and other storage technology. The company has also expanded its existing solar PV research and development facility by adding energy storage facilities to test plant performance innovations and grid balancing capabilities.
“Having worked closely with the largest utilities in America for the past few decades allows us to uniquely understand our customers’ needs and system requirements,” comments Carl Stills, 8minutenergy’s vice president of storage integration. “We are working on storage solutions that are already cost-competitive across the board, improve energy yield, and maximize renewable incentives. Now with fully dispatchable renewable energy, we can complement any existing utility portfolio.”
The company claims its energy storage team has initiated and/or managed several of the U.S.’ largest energy storage projects and advancements, as well as has numerous patents pending in battery storage solutions.
8minutenergy recently wrote a solar-focused article for Solar Industry’s May 2017 issue, titled, “Utility-Scale Solar Pricing: Trending Down And Opening New Markets.” Check out the online version of it here.
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