The power sector is witnessing significant changes. As 2019 draws to a close, Harminder Singh, Director of Power at data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from electric vehicles to corporate power purchase agreements.
The New York State Energy Research and Development Authority signed a contract with Lincoln Park DG, a unit of GlidePath Power Solutions, to build a 20 MW storage project in the town of Ulster, replacing previously planned projects that would have used fossil fuels to generate power for the local community
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.