Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Avista Corp    AVA

AVISTA CORP (AVA)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Avista : receives grant for smart grid battery storage research

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/09/2014 | 12:27am CEST

Investment maintains momentum to modernize our grid

July 8, 2014: A $3.2 million grant from Washington Governor Jay Inslee and the Washington State Department of Commerce will help Avista invest in research to address one of the biggest challenges facing the energy industry - how to integrate power generated from intermittent renewable sources such as wind and solar into the electrical grid.

Today Inslee announced more than $14 million in smart grid matching grants from the governor's Clean Energy Fund will be used by Avista, Puget Sound Energy and Snohomish PUD to better understand how to capture, store and distribute renewable energy from wind and solar. See http://governor.wa.gov/news/releases/article.aspx?id=292.

"Today's investment in the exciting possibilities of battery storage technology represents a significant step forward in helping create our energy future," said Avista's Vice President of Energy Delivery Don Kopczynski. "The challenge with energy is that as soon as it's produced, it must be used immediately. That makes it difficult to plan ahead to supply the energy our customers need with renewable energy if the wind isn't blowing or the sun isn't shining. We believe that battery storage could be the missing piece in this puzzle."

Avista will use the grant money to install a large-scale energy storage battery system in a substation in Pullman, Washington. These batteries will store power when it's abundant, for example when the wind is blowing. The battery power can then be distributed when it's needed, regardless of wind speed or weather patterns.

Power from battery storage is available almost instantaneously - within 50 milliseconds, versus 10 to 15 minutes it takes to fire up a natural gas combustion turbine. This rapid response-time provides the flexibility required to quickly react to a sudden drop in power supply or increase in demand.

"Energy will be there - when we need it. And the quality of energy will be available to run the technology that is so essential to our lives," Kopczynski added. "Being on the leading-edge of smart grid research like this strategically aligns with Avista's 125 year legacy of innovation. We're continually investing to modernize our grid and build a strong foundation for our energy future."

Over the past several years, Avista has invested more than $80 million of combined Avista and federal matching funds to improve reliability, reduce losses and automate activities that have traditionally been performed manually. Avista customers are experiencing fewer and shorter power outages as a result of these investments.

About Avista
Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilitiesis our operating division that provides electric service to 367,000 customers and natural gas to 326,000 customers.  Our service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.5 million.   Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company.Our stock is traded under the ticker symbol "AVA."  For more information about Avista, please visit

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AVISTA CORP
07/25 Levi & Korsinsky, LLP Reminds Investors of an Investigation Concerning Whethe..
07/21 AVISTA : RM LAW Announces Investigation of Avista Corporation
07/21 HYDRO ONE : Announces $1.4 Billion Bought Deal Offering of Convertible Debenture..
07/21 AVISTA : selling to Canadian firm Hydro One for $5.3 billion
07/21 AVISTA CORP INVESTOR ALERT BY THE FO : Kahn Swick & Foti, LLC Investigates Adequ..
07/21 AVISTA CORP : Brodsky & Smith, LLC Announces an Investigation of Avista Corporat..
07/20 POWER SURGE : Avista being sold
07/20 HARWOOD FEFFER LLP : Announces Investigation of Avista Corporation
07/20 ROBBINS ARROYO LLP : Acquisition of Avista Corporation (AVA) by Hydro One Limite..
07/20 AVISTA : sale needs approval from stockholders and regulators
More news
News from SeekingAlpha
07/25 RISK ARBITRAGE TODAY : A Dozen Recent Deals
07/24 Thank You Avista, Welcome Southern Co.
07/24 A RELUCTANT SELLER SELLS : Now What?
07/24 A REVIEW OF THE DIVIDEND HOUSE PORTF : Time For A House Inspection
07/20 Hydro One (HRNNF) Acquires Avistaa (AVA) - Slideshow
Financials ($)
Sales 2017 1 557 M
EBIT 2017 279 M
Net income 2017 125 M
Debt 2017 690 M
Yield 2017 2,72%
P/E ratio 2017 27,36
P/E ratio 2018 26,07
EV / Sales 2017 2,62x
EV / Sales 2018 2,99x
Capitalization 3 382 M
Chart AVISTA CORP
Duration : Period :
Avista Corp Technical Analysis Chart | AVA | US05379B1070 | 4-Traders
Technical analysis trends AVISTA CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 50,0 $
Spread / Average Target -4,8%
EPS Revisions
Managers
NameTitle
Scott L. Morris Chairman, President & Chief Executive Officer
Mark T. Thies Chief Financial Officer, Treasurer & Senior VP
James M. Kensok VP, Chief Information & Security Officer
John F. Kelly Lead Independent Outside Director
Reed John Taylor Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AVISTA CORP31.36%3 382
NATIONAL GRID PLC-0.73%41 891
ENGIE13.04%38 606
ELECTRICITÉ DE FRANCE-3.27%28 995
SEMPRA ENERGY12.61%28 284
PPL CORP11.86%25 940