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.
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.