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Stock Market & Financial Investment News

News Breaks
January 10, 2013
07:54 EDTTACTransAlta receives approval of power purchase agreement by Washington State
TransAlta announced that the Washington Utilities and Transportation Commission issued a decision approving, with conditions, a long-term power purchase agreement between Puget Sound Energy, or PSE, and TransAlta's subsidiary TransAlta Centralia Generation for the Centralia, Washington power plant. PSE has ten days from the date of the order to petition for reconsideration or relief of the terms under the order. The proposed agreement would permit PSE to purchase an average 346 megawatts of coal transition power from TransAlta's Centralia power plant.
News For TAC From The Last 14 Days
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June 30, 2015
12:07 EDTTACTransAlta to use Tesla battery technology in large scale energy storage project
TransAlta (TAC) has been awarded $250,000 from Alberta Innovates - Energy & Environment Solutions to help launch Alberta's first large-scale commercial energy storage project. TransAlta will use commercial-scale lithium-ion batteries to reduce energy costs for the customer. Five commercial-scale Tesla (TSLA) Powerpack batteries will be installed, each about the size of a household fridge, in a medium-sized building, such as a large grocery store, apartment block, post-secondary institution building or small office tower. The technology allows a building owner to purchase electricity during times of low demand and low prices - after midnight, for example - store it in the on-site battery units, and then use that power during periods of high demand when prices peak, typically in the late afternoon and early evening. The project should be running in late-2016. More than half of the total project costs will be covered by TransAlta as part of our commitment to the demonstration project.

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