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
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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
04/19AVISTA CORPORATION (NYSE : AVA) Files An 8-K Other Events
AQ
04/18AVISTA CORP : Other Events (form 8-K)
AQ
04/17AVISTA : Hydro One file proposed post-sale settlement with Idaho regulators
AQ
04/14Hydro One and Avista file a Settlement Agreement in Idaho Merger Case
GL
04/11AVISTA : Lind will be Home to State`s Largest Solar Farm; Construction Begins in..
AQ
04/11AVISTA : Washingtons largest solar farm coming to Lind
AQ
04/09AVISTA : State`s Largest Solar Farm Coming to Eastern Washington
AQ
04/07AVISTA : sale to Hydro One passes antitrust test
AQ
04/06HYDRO ONE : deal to buy U.S. company Avista receives antitrust clearance
AQ
04/06AVISTA : Hydro One and Avista receive antitrust clearance for proposed merger
PR
More news
News from SeekingAlpha
04/16MY K.I.S.S. DIVIDEND PORTFOLIO : 1st Quarter 2018 Update 
04/06Avista, Hydro One get U.S. antitrust clearance for proposed merger 
03/31DIVIDEND GROWTH INVESTING STRATEGY : Volatility 
03/28Avista, Hydro One file merger settlement deal in Washington 
03/26Avista (AVA) Presents At West Coast Utilities Conference - Slideshow 
Financials ($)
Sales 2018 1 472 M
EBIT 2018 319 M
Net income 2018 141 M
Debt 2018 -
Yield 2018 2,87%
P/E ratio 2018 24,43
P/E ratio 2019 22,77
Capi. / Sales 2018 2,32x
Capi. / Sales 2019 2,05x
Capitalization 3 409 M
Chart AVISTA CORP
Duration : Period :
Avista Corp Technical Analysis Chart | AVA | US05379B1070 | 4-Traders
Technical analysis trends AVISTA CORP
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 46,5 $
Spread / Average Target -10%
EPS Revisions
Managers
NameTitle
Scott L. Morris Chairman & Chief Executive Officer
Dennis P. Vermillion President & Director
Mark T. Thies Chief Financial Officer, Treasurer & Senior VP
James M. Kensok VP, Chief Information & Security Officer
Reed John Taylor Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AVISTA CORP1.01%3 409
ENGIE-1.40%42 293
ELECTRICITÉ DE FRANCE10.03%41 237
NATIONAL GRID PLC-7.11%38 171
SEMPRA ENERGY3.23%28 979
ORSTED14.20%26 832