Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Duke Energy And Xtreme Power Announce Completion Of Notrees Energy Storage Project

Stock quotes in this article: DUK 

CHARLOTTE, N.C. and AUSTIN, Texas, Jan. 23, 2013 /PRNewswire/ -- Duke Energy, the largest electric power holding company in the United States, and Xtreme Power, a world leader in real-time power management and energy storage solutions, today announced the commencement of operations at the Notrees Energy Storage unit in western Texas.

The integrated facility at Notrees provides both environmentally friendly and flexible capacity to the Electric Reliability Council Of Texas (ERCOT), which operates the electrical grid in Texas and manages 75% of the deregulated market in the state.

The system is part of Duke Energy's Notrees 153 MW Windpower Project. The 36MW Battery Storage system is capable of deploying fast-acting reserves to support ERCOT grid reliability and helping the System Operator maintain supply and demand balance with near-instantaneous feedback of frequency changes or other unexpected events. In addition to other energy management services, the storage unit supports ultimate wind farm performance as it can absorb power from the wind farm during times of low demand or high curtailment and release power when it is most beneficial to the market.

Xtreme Power's innovative control system, XACT, will manage real-time performance and response of the system in response to site and grid conditions.

"Great partnerships with Xtreme Power, ERCOT and the U.S. Department of Energy on this project are giving us insights about this important and potentially game-changing technology," said Duke Energy Renewables President Greg Wolf. "Energy storage will benefit our renewables business, our customers and the energy sector as a whole as we study the performance of the system and begin to realize its full potential."

This project marks the eighth energy storage project installed by Xtreme Power over the past year. Xtreme Power's operational experience is unmatched in the energy storage industry, serving more than eleven customers and remotely monitoring over 250,000 hours of operations.   

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,214.21 -80.29 -0.52%
NASDAQ 3,435.33 -24.09 -0.70%
S&P 500 1,638.99 -11.52 -0.70%
US 10 Yr 1.990% -0.033

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs