New York energy storage project wins $17M loan guarantee
The US Dept. of Energy finalized $17.1 million loan guarantee to support energy storage project in Johnston City, N.Y.
The U.S. Dept. of Energy has finalized a $17.1 million loan guarantee to support a utility-scale energy storage project in Johnston City, N.Y.
The loan guarantee will underpin the construction of a 20-MW facility using lithium-ion battery technology, in a project being developed by AES Westover, part of AES Corporation of Arlington, Va.
The DOE said the project would help provide a more stable and efficient electrical grid for the state’s high-voltage transmission network.
The AES project will make use of advanced lithium-ion battery cells supplied by A123 Systems Inc., which assembles, tests, and validates its battery systems at a facility in Hopkinton, Mass.
The energy storage facility will be used to provide short bursts of power for the grid during periods of peak demand, replacing the use of fossil fuel power plants in regulating the New York electricity network. It would be charged up during periods of low electricity demand.
Officials said the technology could help reduce the carbon emissions by 70% compared to fossil fuel-based frequency regulation, and would also mean lower-cost regulation for the grid.
Through the Loan Programs Office, the DOE has issued loan guarantees, or offered conditional commitments for loan guarantees, to support 16 clean energy projects totaling nearly $16.5 billion.
Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.