Home > News > featured news > Form Energy and Xcel Energy Partners for Two Multi-day Energy Storage Projects

SOLAR+STORAGE, ENERGY

Form Energy and Xcel Energy Partners for Two Multi-day Energy Storage Projects

Form Energy, Inc | January 30, 2023 | Read time : 02:53 min

Form Energy and Xcel Energy Partners

Form Energy, Inc., an American technology company developing and selling a new class of economic, multi-day energy storage systems, recently announced that it had signed definitive agreements to install its iron-air battery systems at two of Xcel Energy's retiring coal plant sites. The storage technology will enable Xcel Energy to incorporate more low-cost, renewable energy into its structure while maintaining reliability as it retires coal plants and transitions to a more renewable future in the coming years.

The Sherburne County Generating Station, located in Becker, Minnesota, will receive a 10 MW / 1,000 MWh multi-day storage system from Xcel Energy-Minnesota. The Comanche Generating Station, based in Pueblo, Colorado, will also deploy a 10 MW / 1,000 MWh multi-day storage system provided by Xcel Energy-Colorado. Both projects are scheduled to begin construction in 2025 and depend on regulatory approvals from their respective states.

Form Energy and Xcel Energy worked together on comprehensive modeling with FormwareTM, Form Energy's next-generation operational and investment modeling tool for power grids. This modeling aided Xcel Energy in validating how Form's multi-day storage will improve Xcel Energy's ability to integrate many renewable resources, such as wind, into its system reliably and cost-effectively. Furthermore, this analysis demonstrated that Form Energy's 100-hour iron-air battery technology would protect the grid from normal weather variability on a day-to-day basis, as well as extreme weather events such as severe winter storms and polar vortex events.

Co-Founder and CEO of Form Energy, Mateo Jaramillo, shared, "Xcel Energy operates across some of the richest wind-resource areas in North America. We're very pleased to work with the Xcel Energy team to maximize use of its renewable generation by providing a technology solution that will ensure their customers benefit from reliable and cost-effective service year-round. This partnership highlights Xcel Energy's commitment to ensuring grid resiliency and reliability, energy security, and access to low-cost clean energy when and where it is needed – every day of the year."

(Source – Business Wire)

About Form Energy

Headquartered in Somerville (Massachusetts), Form Energy is an energy storage manufacturing and technology company developing and implementing an innovative iron-air battery. It was founded in 2017 by energy storage experts, who came together with a common goal of reshaping the global electric system. The company aims to provide year-round availability of a dependable, resilient, and entirely renewable electric grid through its cost-effective, multi-day storage systems.

Spotlight

Decarbonizing Operations is a Business Opportunity for Partners | Schneider Electric

We must re-think and re-invent how we do business to combat climate change. That’s why sustainability is at the heart of Schneider Electric’s purpose, business, culture, and operating model: we walk the talk, and we invite you, our partners, to do the same. By partnering for sustainability, together we can help decarbonize our own operations while helping our mutual customers succeed on their decarbonization journeys, too. Our Sustainability Impact Awards celebrate partners who embrace sustainability. 

More featured news

Spotlight

Decarbonizing Operations is a Business Opportunity for Partners | Schneider Electric

We must re-think and re-invent how we do business to combat climate change. That’s why sustainability is at the heart of Schneider Electric’s purpose, business, culture, and operating model: we walk the talk, and we invite you, our partners, to do the same. By partnering for sustainability, together we can help decarbonize our own operations while helping our mutual customers succeed on their decarbonization journeys, too. Our Sustainability Impact Awards celebrate partners who embrace sustainability. 

Related News

INDUSTRY UPDATES

RatedPower Predicts Solar and Renewable Trend in Its Annual Report

Enverus | March 03, 2023

RatedPower (a part of Enverus company), a SaaS platform for the green energy sector, has recently released its annual findings from different industry experts and simulations worldwide and predicted the trends in the solar and renewable energy sector for 2023. According to the findings, renewable energy companies would focus on enhancing the adoption of renewable energy power generation, energy storage investment, reducing the levelized cost of electricity, and fuel diversification at geographical and energy source levels. The green energy industry has faced challenges like supply chain disruption, pandemic influence, increased equipment prices and reduced availability in 2022. During the pandemic, there was an energy crisis, and governments and businesses increased investments in clean energy and decreased reliance on fossil fuel imports along with increasing new global capacity installations. VP of Power & Renewables at Enverus and Co-founder of RatedPower, Andrea Barber said, "In the year ahead, we expect the green transition to provide a massive boost to investments in solar photovoltaics(PV) — for residential, commercial and industrial, and for utility-scale installations. The industry is increasingly looking at ways to incorporate battery storage and clean, green hydrogen into renewable installations to maximize supply." (Source – Cision PR Newswire) General Manager of Power & Renewables at Enverus, Bernadette Johnson said, "The energy evolution is not clearly mapped out for us; it is a winding, twisting road full of potholes. All these twists, turns and bumps make the market one that is full of risk but, more importantly, of opportunity as well. At Enverus, we continue to work endlessly to eliminate the gaps and help you make intelligent connections between all parts of the project lifecycle from siting through operations, so you can minimize investment risks and maximize returns." (Source – Cision PR Newswire) About Enverus Headquartered in Austin, Texas, Enverus, a software development company, provides a single platform for management, development, and acquisition within the whole energy value chain. It offers in-depth analysis, real-time access, insights, benchmark costs, and revenue data and enhances support to the energy strategy with actionable intelligence. It helps green energy companies from early-stage investment to full-scale development. It discovers unseen insights, opportunities, and actions for extraordinary outcomes. Many financial institutions and energy companies count on its analysis, intelligence and technology for capital investment decisions and to increase investor ROI.

Read More

SOLAR+STORAGE

HIF Global Partners Siemens Energy for Electrolyzer Supply

HIF Global | March 09, 2023

HIF Global, an eFuels company, reached an agreement with Siemens Energy, allowing Siemens Energy to expand its electrolyzer manufacturing capacity more than its previously announced plans. Through this agreement, it will obtain a specific capacity of electrolyzers for the HIF Matagorda eFuels facility. This agreement would make the HIF Matagorda eFuels facility the world-scale eFuels facility in Texas. It will aggregate approximately 1.8 gigawatts of capacity electrolyzers, annually supporting about 300,000 tonnes of green hydrogen production. Both companies work in front-end engineering and design for about 1.8 GW of Silyzer 300 polymer electrolyte membrane (PEM) electrolyzers. These electrolyzers will utilize renewable energy to isolate hydrogen gas from water molecules, producing around 300,000 tonnes of hydrogen gas per year. The green hydrogen is combined with recycled carbon dioxide to produce carbon-neutral eFuels chemically similar to fuels. Without any modifications, these can support the existing engines. The products of the HIF Matagorda eFules facility, i.e., green hydrogen and eFuels, will convert about half a million cars to carbon neutral in 2027. CEO of HIF Global, Cesar Norton Sacre said, "We face a time of incredible expansion in hydrogen production amid global supply chain challenges. The agreement with Siemens Energy allows for electrolyzer deliveries which could support the start of construction as early as the first part of 2024 for the HIF Matagorda eFuels Facility. We look forward to starting construction at the pioneering Texas green hydrogen and eFuels facility, with Siemens Energy's industry leading electrolyzer design and manufacturing strength." (Source – Cision PR Newswire) SVP of Sustainable Energy Systems at Siemens Energy, Stefano Innocenzi said, "Hydrogen and powerto-X applications such as eFuels will play a key role in the energy transition. To ramp up this new industry, we need many projects, including large-scale ones, and investors and off-takers who are willing to make a promise for the future. These agreements give us planning certainty, creating the basis for ramping up the technology and the industry as a whole." (Source – Cision PR Newswire) About HIF Global Headquartered in Houston, Texas, HIF Global, a renewable energy and power generation company, has been developing projects for eFuels in Chile, the USA, Australia and EMEA since 2019. It strives for decarbonization and against climate change by producing eco-friendly gas and fuels. It produces carbon-neutral liquid fuels, eFuels, which can replace fossil fuels required in cars, ships and airplanes without technological modifications. Its wholly-owned subsidiaries are HIF Chile, HIF USA, HIF Asia Pacific, and HIF EMEA. It teams up with professionals from diverse backgrounds in business, engineering, legal, finance, and environmental fields and works on projects for developing, financing, building and operating energy infrastructure.

Read More

INDUSTRY UPDATES

EDF Renewables North America Executes Agreement with Thermo Fisher Scientific

EDF Renewables | February 07, 2023

EDF Renewables North America recently announced that it had signed a 20-year virtual power purchase agreement (VPPA) with Thermo Fisher Scientific, one of the world leaders in serving science. The VPPA covers the entire output of the 200-megawatt ac/256-megawatt direct current (MWac/MWdc) Millers Branch Solar Project, which is in Texas and will begin commercialization in the year 2025, December. The addition of Miller's Branch to renewable energy procurement portfolio of Thermo Fisher has resulted in the company purchasing enough renewable energy to cover 100% of its present annual electricity consumption in the United States by 2026. According to U.S. (EIA) Energy Information Administration after completion, the project is expected to produce 545,000 MWh of renewable energy annually, sufficient to supply the needs of approximately 51,000 average homes. This will avoid the equivalent the greenhouse gas emissions from 83,000+ gasoline-powered passenger vehicles driven in one year, as calculated by the U.S. EPA Greenhouse Gas Equivalencies. As North America's largest renewable developers, EDF Renewables, is committed to offering solutions that meet the carbon-reduction goals of the customers. EDF Renewables, with 35 years of experience and 24 gigawatts of solar, wind, and storage projects developed, offers integrated energy solutions ranging from grid-scale power to electric vehicle charging. About EDF Renewables North America Based in San Diego, California, EDF Renewables one of the North America's market leaders in producing independent power and scale power. Established in 1987, the company has expertise in renewable energy with 35 years of experience. It provides grid-scale power: wind (onshore and offshore), storage projects and solar photovoltaic; distribution-scale power: solar and storage; asset optimization: operational, technical, and commercial expertise to increase the performance of creating projects, and onsite solutions, through its PowerFlex subsidiary. In addition, it offers a full suite of onsite energy solutions for industrial and commercial customers: solar, storage, energy management systems, EV charging, and microgrids.

Read More

INDUSTRY UPDATES

RatedPower Predicts Solar and Renewable Trend in Its Annual Report

Enverus | March 03, 2023

RatedPower (a part of Enverus company), a SaaS platform for the green energy sector, has recently released its annual findings from different industry experts and simulations worldwide and predicted the trends in the solar and renewable energy sector for 2023. According to the findings, renewable energy companies would focus on enhancing the adoption of renewable energy power generation, energy storage investment, reducing the levelized cost of electricity, and fuel diversification at geographical and energy source levels. The green energy industry has faced challenges like supply chain disruption, pandemic influence, increased equipment prices and reduced availability in 2022. During the pandemic, there was an energy crisis, and governments and businesses increased investments in clean energy and decreased reliance on fossil fuel imports along with increasing new global capacity installations. VP of Power & Renewables at Enverus and Co-founder of RatedPower, Andrea Barber said, "In the year ahead, we expect the green transition to provide a massive boost to investments in solar photovoltaics(PV) — for residential, commercial and industrial, and for utility-scale installations. The industry is increasingly looking at ways to incorporate battery storage and clean, green hydrogen into renewable installations to maximize supply." (Source – Cision PR Newswire) General Manager of Power & Renewables at Enverus, Bernadette Johnson said, "The energy evolution is not clearly mapped out for us; it is a winding, twisting road full of potholes. All these twists, turns and bumps make the market one that is full of risk but, more importantly, of opportunity as well. At Enverus, we continue to work endlessly to eliminate the gaps and help you make intelligent connections between all parts of the project lifecycle from siting through operations, so you can minimize investment risks and maximize returns." (Source – Cision PR Newswire) About Enverus Headquartered in Austin, Texas, Enverus, a software development company, provides a single platform for management, development, and acquisition within the whole energy value chain. It offers in-depth analysis, real-time access, insights, benchmark costs, and revenue data and enhances support to the energy strategy with actionable intelligence. It helps green energy companies from early-stage investment to full-scale development. It discovers unseen insights, opportunities, and actions for extraordinary outcomes. Many financial institutions and energy companies count on its analysis, intelligence and technology for capital investment decisions and to increase investor ROI.

Read More

SOLAR+STORAGE

HIF Global Partners Siemens Energy for Electrolyzer Supply

HIF Global | March 09, 2023

HIF Global, an eFuels company, reached an agreement with Siemens Energy, allowing Siemens Energy to expand its electrolyzer manufacturing capacity more than its previously announced plans. Through this agreement, it will obtain a specific capacity of electrolyzers for the HIF Matagorda eFuels facility. This agreement would make the HIF Matagorda eFuels facility the world-scale eFuels facility in Texas. It will aggregate approximately 1.8 gigawatts of capacity electrolyzers, annually supporting about 300,000 tonnes of green hydrogen production. Both companies work in front-end engineering and design for about 1.8 GW of Silyzer 300 polymer electrolyte membrane (PEM) electrolyzers. These electrolyzers will utilize renewable energy to isolate hydrogen gas from water molecules, producing around 300,000 tonnes of hydrogen gas per year. The green hydrogen is combined with recycled carbon dioxide to produce carbon-neutral eFuels chemically similar to fuels. Without any modifications, these can support the existing engines. The products of the HIF Matagorda eFules facility, i.e., green hydrogen and eFuels, will convert about half a million cars to carbon neutral in 2027. CEO of HIF Global, Cesar Norton Sacre said, "We face a time of incredible expansion in hydrogen production amid global supply chain challenges. The agreement with Siemens Energy allows for electrolyzer deliveries which could support the start of construction as early as the first part of 2024 for the HIF Matagorda eFuels Facility. We look forward to starting construction at the pioneering Texas green hydrogen and eFuels facility, with Siemens Energy's industry leading electrolyzer design and manufacturing strength." (Source – Cision PR Newswire) SVP of Sustainable Energy Systems at Siemens Energy, Stefano Innocenzi said, "Hydrogen and powerto-X applications such as eFuels will play a key role in the energy transition. To ramp up this new industry, we need many projects, including large-scale ones, and investors and off-takers who are willing to make a promise for the future. These agreements give us planning certainty, creating the basis for ramping up the technology and the industry as a whole." (Source – Cision PR Newswire) About HIF Global Headquartered in Houston, Texas, HIF Global, a renewable energy and power generation company, has been developing projects for eFuels in Chile, the USA, Australia and EMEA since 2019. It strives for decarbonization and against climate change by producing eco-friendly gas and fuels. It produces carbon-neutral liquid fuels, eFuels, which can replace fossil fuels required in cars, ships and airplanes without technological modifications. Its wholly-owned subsidiaries are HIF Chile, HIF USA, HIF Asia Pacific, and HIF EMEA. It teams up with professionals from diverse backgrounds in business, engineering, legal, finance, and environmental fields and works on projects for developing, financing, building and operating energy infrastructure.

Read More

INDUSTRY UPDATES

EDF Renewables North America Executes Agreement with Thermo Fisher Scientific

EDF Renewables | February 07, 2023

EDF Renewables North America recently announced that it had signed a 20-year virtual power purchase agreement (VPPA) with Thermo Fisher Scientific, one of the world leaders in serving science. The VPPA covers the entire output of the 200-megawatt ac/256-megawatt direct current (MWac/MWdc) Millers Branch Solar Project, which is in Texas and will begin commercialization in the year 2025, December. The addition of Miller's Branch to renewable energy procurement portfolio of Thermo Fisher has resulted in the company purchasing enough renewable energy to cover 100% of its present annual electricity consumption in the United States by 2026. According to U.S. (EIA) Energy Information Administration after completion, the project is expected to produce 545,000 MWh of renewable energy annually, sufficient to supply the needs of approximately 51,000 average homes. This will avoid the equivalent the greenhouse gas emissions from 83,000+ gasoline-powered passenger vehicles driven in one year, as calculated by the U.S. EPA Greenhouse Gas Equivalencies. As North America's largest renewable developers, EDF Renewables, is committed to offering solutions that meet the carbon-reduction goals of the customers. EDF Renewables, with 35 years of experience and 24 gigawatts of solar, wind, and storage projects developed, offers integrated energy solutions ranging from grid-scale power to electric vehicle charging. About EDF Renewables North America Based in San Diego, California, EDF Renewables one of the North America's market leaders in producing independent power and scale power. Established in 1987, the company has expertise in renewable energy with 35 years of experience. It provides grid-scale power: wind (onshore and offshore), storage projects and solar photovoltaic; distribution-scale power: solar and storage; asset optimization: operational, technical, and commercial expertise to increase the performance of creating projects, and onsite solutions, through its PowerFlex subsidiary. In addition, it offers a full suite of onsite energy solutions for industrial and commercial customers: solar, storage, energy management systems, EV charging, and microgrids.

Read More

More featured news