The new plant will create more than 1,100 jobs in the area around Youngstown, Ohio, and the joint venture plans to invest $2.3 billion in the plant and for battery development. GM says it will be among the largest battery factories in the world.
Since the beginning, the bulk power market has operated in response to the load. With no way to store electricity once it was generated, power system operations dispatched generation to meet load and built capacity to levels that ensured maximum demand would be met with reserves.
Saft has delivered and installed Flex’ion lithium-ion battery systems to provide backup power at a Sparkasse data center. Sparkasse is Germany’s largest public banking group.
Power generator and energy storage firm AES Corp. is expanding its alliance with Google to further develop renewable energy and digital transformation of the grid.