Wednesday, March 14, 2012
Revenues from utility-scale energy storage systems are skyrocketing, and Tualatin-based Powin Energy is profiting.
Powin Energy, an energy technology manufacturer and distributor, launched a new energy storage system earlier this year, and company leaders say they are preparing to focus more time and money on the growing utility-scale market. In February, the company joined the Bonneville Power Administration in a national energy storage working group led by the U.S. Department of Energy.
“Every day, the ship keeps turning toward the energy storage port,” said Michael Morse, vice president of operations for Powin Energy, a wholly-owned subsidiary of global manufacturer Powin Corp.
With an influx of intermittent renewable power sources, the power grid’s inability to manage variations in supply and demand is boosting interest in grid-scale storage systems.
Read more at The Daily Journal of Commerce.