Does WEC have a long-duration energy storage system?
MILWAUKEE, Feb. 2, 2023 /PRNewswire/ -- WEC Energy Group (NYSE: WEC) today announced that the company will lead a pilot project at its Valley Power Plant in Milwaukee to test a new form of long-duration energy storage.
Could a 1 to 2 megawatt-hour energy storage system be a game changer?
This 1-to-2-megawatt-hour pilot project will be one of the first to test this type of energy storage system on the U.S. electric grid. "One of our most important goals is to help shape the future of clean energy —testing technologies that could be true game changers," said Gale Klappa, executive chairman — WEC Energy Group.
How much does energy storage cost?
The long-duration energy storage technologies include Electrochemical, Mechanical, Thermal, and Chemical and typically have a duration of 10 hours or more. Estimated capital costs at $150–220/kWh, with the levelized cost of storage projected under $100/MWh for early projects. Potential to reduce to $50–60/MWh.
How does storworks power work?
Storworks Power (Storworks) develops systems to store energy using heat, focusing on thermal power plants. Stackable blocks made of concrete material store the heat. Charging occurs by passing either hot gas, steam or hot air through steel tubes in the concrete blocks.
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