Published on February 22nd, 2012 | by Zachary Shahan0
Tidal, Energy Storage, & Smart Grid News (Tidal + Offshore Wind the Coming Soon?; Siemens Betting Big on Tidal Power; Community Residential Energy Storage to Boom…)
Here’s some top tidal energy, energy storage, and smart grid news from around (& a bit of wind energy news), other than what we’ve already covered in more depth. Enjoy! (And drop us a link if you’ve got more cleantech news you think we’ve missed.)
Siemens Going “All-In” on Tidal Power
Siemens, a German engineering giant (yep, this is the company that manufactured and laid underwater Atlantic cables between the U.S. and Europe), has taken majority ownership of Marine Current Turbines (MCT). MTC develops and builds tidal power systems. “Back in November 2011, Siemens increased its stake in the company to 45 percent. Siemens is planning to complete the acquisition of Marine Current Turbines in the coming few weeks. Financial details of the deal are not disclosed.”
Tidal Developer Atlantis Looks to Combine Tidal & Offshore Wind Turbines
Looking to maximize the potential and cost-efficiency of offshore renewable energy, Atlantis Resources “is in talks to create a new marine energy farm capable of producing both wind and tidal power, in a bid to cut costs and boost the reliability of intermittent green energy technologies,” the UK’s BusinessGreen reports.
“Tim Cornelius, chief executive of Atlantis Resources, told BusinessGreen that the company is already in talks with suppliers of transmission components, such as cabling and converters, to examine the feasibility of building a combined project from scratch or adding its own tidal turbines onto an existing offshore wind farm.”
Minnesota University to Build Microgrid from Scratch
IEEE has revealed that “the University of Minnesota’s plan to build a sustainable community with a Smart Grid overlay, as well as work that will lead to the automated, energy-efficient smart home” in its most recent smart grid newsletter. Sounds like fun!
Community & Residential Energy Storage Investment to Reach $4.2 Billion by 2022
Following up on Charis’ post today on potential energy storage growth in the U.S., Pike Research projects that community and residential energy storage systems around the world will see a surge in investment in coming years in a new report released today. “According to a new report from Pike Research, total worldwide installed capacity for community and residential energy storage systems will reach 780 megawatts by 2022, with an annual market value of $872 million. Cumulative investment in CRES systems over the same period will total $4.2 billion, the cleantech market intelligence firm forecasts.”
All images via Siemens