Since July 2011, the nation’s first Green Bank mobilized $288.4 million in public dollars to attract $1.85 billion in private investment, a leverage ratio of $7.40 for every $1.
Also on the rise: Solar growth occurred despite more than a year of price increases. Interconnection delays and costs plague utility-scale developers. Affordable hydrogen-based system for seasonal energy storage could be achieved at a hydrogen price lower than $3. California PUC raises renewable energy target. Impending 3G shutdown may affect inverters: there’s an app for that.
Winter storm Uri that brought a deep freeze to Texas is also bringing insight into grid vulnerabilities, the need for more renewables, and the potential of solar-plus-storage.
Duke has retired 56 coal facilities since 2010, and over the next five years plans to invest in zero-carbon emissions sources including nuclear, renewables (wind and solar), hydro and battery storage.
At a recent power finance conference in New York, experts discussed the growing opportunities for installing storage projects, as well as considerations for where the storage markets need to mature to make them more financeable.
Also on the rise: How green is this year’s Super Bowl: a look at solar in the NFL. 300MW Nighthawk utility-scale storage facility to use Tesla Megapack.
Tenaska and Arevon plan 300MW battery storage facility in San Diego County to add resilience to the grid across California.
Also on the rise: CommonBond enters solar finance market, hoping to lower costs. SunPower sells C&I business. BloombergNEF’s Jenny Chase says solar offers reasons for hope. NREL develops next-generation CSP. Greenbacker adds to solar portfolio. EV charging networks gets a boost. Nautilus grows community solar portfolio. Nature Conservancy releases Site Renewables Right map.
California Public Utilities Commission approves 6,396MWh of new and incremental utility-scale battery energy storage systems.
The sale enables SunPower to focus on growing its residential business, while TotalEnergies will advance its distributed generation activity in the US.
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