Also on the rise: Mindful action is needed to increase Hispanic participation in solar, and a Hy Stor venture is the latest to join the growing list of hydrogen projects in the Gulf States.
The facility is expected to produce 110 million kg of green hydrogen annually and store more than 70 million kg in underground salt caverns.
The solar energy will be generated from Vesper’s 500 MW Hornet Solar project in west Texas.
We need multiple strategies to ensure Hispanic and other minority communities benefit from and are involved in shaping how energy is built and used.
Also on the rise: REV Renewables gains a South Korean investor, Distributed Solar buys a community solar portfolio, and researchers investigate LID triggers in solar cells.
The deal will include a $300 million to $400 million investment to support REV’s portfolio of renewable power and energy storage projects.
Heliogen’s technology is a modular concentrated solar energy system that will use computer vision software to align mirrors to reflect sunlight to a single target on the top of a solar tower.
Light-induced degradation (LID) shaves the efficiency of silicon solar cells by about 2%, which adds up to a significant drop in power output over the lifespan of the technology deployed in the field.
Also on the rise: SolRiver Capital buys an Oregon solar development portfolio, Swell Energy expands its distributed power plant model, and a shift in focus is coming to a DOE loan program.
Solar and wind will grow, but coal will again be cost competitive, reversing what EIA said was a trend observed over recent decades.
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