The California utility contracted Ameresco to install the battery energy storage systems that are slated to be online next August.
Also on the rise: Polysilicon prices are likely to stay high as a ‘crazy year’ extends into ’22, Hawaiian Electric is seeking energy and capacity, and the latest landfill-hosted solar array enters service.
Storage paired with solar must support the net nameplate capacity for at least four hours and support 365 full charge/discharge cycles each year.
Plans call for converting the utility’s newest generating unit from all natural gas to a blend of up to 30% hydrogen, and eventually to 100% hydrogen.
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Polysilicon prices could top $41/kg through 2021 and stabilize in the second quarter as springtime temperatures ease power demand constraints across China.
Also on the rise: D.E. Shaw lines up financing for a 149 MW solar project, Sunnova prices its latest securitization, and DOE awards $40 million for solar innovation projects.
The energy storage provider is a joint venture between Siemens AG and AES Corp., and said it aims to offer 31 million shares priced at between $21 and $24 each.
The notes are backed by more than 3,700 solar rooftop systems across more than 21 states and territories.
The River Fork solar project has a 20-year PPA for 100 MW with Consumers Energy and a 25-year PPA for 49 MW with DTE Energy.
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