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US adding over 530MW of energy storage capacity
Energy storage technology holds the promise to provide many benefits across the energy delivery value chain — from generation to transmission and distribution (T&D) to end-users. This technology is considered a key component for integration of high levels of renewable energy penetration and as an essential tool for smart, future electricity grids. It has additional benefits, such as, reducing emissions, serving as an alternative to a traditional generation plant, or acting as a tool for demand response, can be captured with the deployment of storage technologies.
Siemens acquires major stake in UK tidal power company
Siemens has recently acquired Marine Current Turbines Ltd., the UK company based in Bristol, which develops and builds tidal power systems. The worldwide potential for power generated by tidal power plants is estimated at 800 terawatt-hours (TWh) annually. That is approximately 25 percent more than the total power demand of Germany and is equivalent to 3-4 percent of global power consumption. |
