The United States has now added the capacity to store a billion watts of power for one hour and it may double that total by the end of this year. According to the firm GTM Research, the energy storage industry – previously nearly invisible – is undergoing rapid growth. Much of the growth has been in homes with products like the Tesla Powerwall but has also been on the scale of the electric grid, where power companies can use storage to control when to deploy excess electricity generated from renewable sources such as solar power.
An abandoned, centuries-old iron mine in the Adirondacks about 100 miles north of Albany, New York may become the site of a new hydroelectric energy storage system. The mine in the tiny hamlet of Mineville near Moriah, New York contributed iron for the first naval battle of the Revolutionary War that took place on Lake Champlain. The mine hasn’t been used in over 45 years.
There is much talk these days about energy storage. As more and more wind and solar power enters the electrical grid, there is an increasing need to be able to store excess energy and have it available when the wind isn’t blowing or the sun isn’t shining. Much of the talk centers around battery technology, and having storage batteries distributed throughout the grid is the most versatile and widely applicable way to provide storage.
