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ENGIE completes Massachusetts’ largest storage project

first_img FacebookTwitterLinkedInEmailPrint分享Platts:One of first states to enact an energy storage target, Massachusetts, received its largest utility-scale energy storage system Tuesday when ENGIE and Holyoke Gas & Electric launched a 3 MW/6 MWh system connected to a solar farm near Boston.Located adjacent to the former 136-MW Mt. Tom oil- and coal-fired power plant 90 miles west of Boston in Holyoke, Massachusetts, the battery energy storage system was connected to a 5.8-MW community solar PV project. ENGIE North America supplies power from the solar plant to local utility Holyoke Gas & Electric under a 20-year power purchase agreement, ENGIE Storage spokeswoman Anne Smith said in an email Tuesday.As battery costs decline and policies are enacted to encourage energy storage development, companies are increasingly interested in the technology, particularly when it can be paired with generation resources allowing the flow of power to be more efficiently managed.ENGIE is working on additional energy storage projects in the region. “Massachusetts is primed for growth in the energy storage market thanks to their progressive energy policy,” Smith said. Utilities in the state are required to procure 200 MWh of energy storage by 2020. Massachusetts also has a goal to generate 50% percent of its power from renewable energy sources by 2035.The Mt. Tom solar plus storage system will be used to reduce peak demand on HG&E’s distribution grid, according to a statement. Rising demand-based costs throughout the New England market have been accounting for a large portion of energy costs, which has created pressure to reduce peak energy usage, according to the statement.“This project is the perfect illustration of energy transformation in action – affordable, clean energy replacing traditional fossil fuel power generation,” Frank Demaille, ENGIE North America president and CEO, said in the statement.More: Largest energy storage system in Mass. launched as solar plus storage trend continues ENGIE completes Massachusetts’ largest storage projectlast_img read more

​Greek uncertainty causes blip in Spanish returns

first_imgINVERCO continued: “Debt markets were no exception, and government bond yields rebounded sharply, with a corresponding fall in the price of fixed income assets, with higher falls for long duration bonds.”But the commentary concluded: “Nevertheless, during the preparation of this report in July, pension fund portfolios recovered all of June’s correction, following the news of the solution to the Greek problem.”Average annualised returns for Spanish occupational funds were 8.08% for the three years to 30 June 2015, and for the five years to that date, 5.99%.At end-June, total assets under management for the occupational pensions sector stood at €35bn, slightly lower than at end-March, but up by 3.4% on June 2014. Total pension assets, including those in individual plans, now amount to €102.5bn.The number of participants has increased slightly, at just over 2m.For pension funds as a whole, most assets are invested domestically – 62.1% of portfolios, slightly down over the past three months. Non-domestic holdings have also declined, from 20.5% at end-March to 19.4% at end-June.There has also been a further slight shift from fixed income to equities. Overall, 56.3% is now invested in fixed income, compared with 21.4% in equities (8.3% in Spanish and 13.1% in non-domestic shares).This compares with 57.7% in fixed income and 22.4% in equities (9% Spanish, 13.4% non-domestic) at end-March 2015. The biggest single component of pension fund portfolios – 32.9% – is still invested in Spanish government bonds, with a further 17.1% in Spanish corporate bonds.However, cash holdings have risen over the past three months by over two percentage points, to 9.6%. The continuing uncertainty over Greece’s debt problems has played havoc with recent investment returns of Spanish pension funds, according to figures from the country’s Investment and Pension Fund Association (INVERCO).However, they said values recovered in July, once again approaching pre-crisis levels.Spain’s occupational pension funds made average returns of 5.57% for the 12 months to end-June 2015. The results are in marked contrast to the 10.61% returns for the 12 months to end-March 2015, and 10.25% for the 12 months to end-June 2014.INVERCO said: “The general uncertainty about Greece increased market volatility in June, causing widespread falls in all equity indices, especially in European markets. Together with corrections in April and May, it prompted declines in value on pension fund portfolios during the second quarter of the year.”last_img read more

Women’s soccer: Badgers return to Madison for short homestead

first_imgThe Wisconsin Badgers women’s soccer team returns home this weekend from a tough California road trip in which they faced No. 2 Stanford University (5-0-0) and No. 22 Santa Clara University (2-2-2). The Badgers did not come back completely empty handed.Following a 2-1 loss to Stanford, Wisconsin managed to tie Santa Clara 1-1 to sit at a 1-2-3 record, currently.Now the Badgers will host the South Dakota State Jackrabbits (2-3-1) on Friday in search of their first home win as non-conference play winds down. South Dakota State comes to Madison following a 2-1 loss to Creighton University.This matchup will feature two teams with stellar defenses and struggling offenses. Both the Jackrabbits and the Badgers surrender an average of less than one goal per game. But on the offensive side, South Dakota State averages one goal per game while the Badgers average less than one.Wisconsin’s schedule has not been favorable thus far, and can account for its deflated record. In just six games of this young season, the Badgers faced teams ranked 22, 13 and two. In those games, opponents outscored Wisconsin 4-2 while in their other three games against unranked opponents, the Badgers outscored them 2-1.But those low scoring totals are from a lack of capitalization. The Badgers outshoot their opponents 88-52 and their shots on goal compared to the teams they face sits at 35-27. The only team with more shots on goal against Wisconsin was No. 2 Stanford.Senior midfielder, Micaela Powers leads the team in goals with two, while freshman forward Dani Rhodes and sophomore forward Emily Borgmann have one each. Senior midfielder, Rose Lavelle, has yet to score a goal this season.South Dakota State offers a little more variety than the Badgers, with five different players each recording a goal. Senior midfielder Madison Yueill leads the team with two. On the defensive side, senior goalkeeper Nicole Inskeep has a .643 save percentage.Scoring first could be key to a Wisconsin victory as the Badgers suffer an 0-2-2 record when they do not. That early support could be enough, since redshirt junior goalkeeper Caitlyn Clem possesses a .815 save percentage along with 22 saves and two shutouts.The game kicks off at 5 p.m. at the McClimon Track/Soccer Complex and will air on BTN PLUS.last_img read more

Wellington Police notes: Tuesday, March 5

first_imgWellington Police Notes for Tuesday, March 05, 2013•3:20 p.m. Non-Injury accident in the 900 block N. US81, city involving vehicles operated by Adda E. Metzen, 90, city and Susan L. Dodson, 52, Wellington.3:44 p.m. Adda E. Metzen, 90, Wellington was issued a notice to appear charged with failure to yield right of way.last_img

INVESTIGATION LAUNCHED AFTER MAN KILLED IN HOUSEFIRE

first_imgGardai are investigating the cause of a fire which killed a man in the early hours of this morning.The man, who was in his 40s, was found outside a house at Malin Head around 2am.Gardai had called to the scene of the fire after it had been reported just after midnight. Fire tenders from Buncrana and Carndonagh attended the blaze in the townland of Carnmalin.The man’s body was found at the rear of the house.A full Garda examination of the scene has been launched to determine the cause of the blaze and the conditions in which the man died.His identity has not yet been released.  INVESTIGATION LAUNCHED AFTER MAN KILLED IN HOUSEFIRE was last modified: November 1st, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:deathfireMalin Headmanlast_img read more