Rev will take over LS Power’s 2.4 GW portfolio of operating solar, storage, and wind projects.
The RPS requires the utility to meet 40% of its New Mexico sales with renewable energy resources beginning in 2025.
The legislation would be the largest federal investment in infrastructure projects in more than a decade, and won the support of 19 Republicans. The Democrat-controlled House may not be as amenable.
Also on the rise: Recurrent Energy signs solar + storage deal with PG&E, a city in Maine puts the brakes on solar, and vehicle-to-grid still has a ways to go.
V2G tech could offer low-cost energy storage at a huge scale, but many barriers must be overcome.
The agreement follows a long-term renewable energy purchase agreement signed in April for the first phase of the project, covering 480 MW.
The 350 MW / 1,400 MWh Crimson project will be one of the largest battery energy storage projects in the world when it comes online beginning in summer 2022.
The plant will produce super-high-efficiency heterojunction solar cell modules for residential and commercial applications.
Also on the rise: Aurora Solar expands its market reach with Folsom Labs deal, and researchers offer novel approaches to designing an east-west oriented solar project.
The company said the acquisition is in line with its strategy to provide software to users across the solar value chain.
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