David Wagman
Vesper Energy expands its letter of credit to ramp up solar and storage development work
The company will use the expanded facility to post securities for PPAs and interconnection agreements with energy transmission networks.
Sunrise brief: Sempra and NREL agree to advance net-zero energy systems
Also on the rise: NB Power adds more solar in the Canadian Maritimes, Leyline Renewable finances solar in Washington, D.C., big cuts reported in CO2 emissions from power production, and Schlumberger and Panasonic partner on a novel lithium extraction process.
Texas laws aim to better protect the state’s power grid from extreme weather events
The legislation was sparked by a mid-February winter storm that lasted for days and crippled much of the state’s electric power grid.
Hecate Energy plans a $500 million, 500 MW solar project in New York State
The proposed project would interconnect on-site to a 345kV transmission line to deliver power to the New York State electricity grid. If approved, the project could enter service in late 2023.
People on the move: Leeward Renewable Energy, Maxeon Solar, Quest Renewables, and more
Job moves in solar, storage, cleantech, utilities, and energy transition finance.
Sunrise brief: NV Energy plans to replace a coal plant with 600 MW of solar and 480 MW of storage
Also on the rise: Tesla’s solar roof factory in Buffalo: more EV and less roof? DOE outlines policies to create a domestic battery supply chain, FPL hits a solar milestone, and Connecticut moves closer to setting an energy storage goal.
First Solar to add 3.3 GW of capacity in a new $680 million Ohio factory
The 1.8 million-square-foot facility is projected to create 500 jobs and produce an enhanced thin film PV module for the utility-scale solar market in the U.S.
Sunrise brief: CleanCapital will finance a Maryland solar portfolio
Also on the rise: 7x Energy sells a Texas solar project to a unit of a Korean power company, and it was eight years in the making, but a $740 million transmission upgrade in Southern California may now pave the way for gigawatts of new renewables and storage.
Energy storage deployments slowed in Q1, but the sector is on track for 3x growth in 2021, report says
Favorable federal tax policies and state regulatory reform could help the storage sector notch even higher rates of growth.
We need interconnection reform to unlock the benefits of energy storage
Outdated interconnection policies remain a significant barrier to unlocking the full value of energy storage on the distribution grid. Here’s how to fix it.
