Presentations by Duke Energy, NREL, Fluence, GE and the EIA itself showed that energy storage is becoming a fact on the ground.
Fengate Real Asset Investments announced a $100 million equity commitment and co-development partnership with Texas-based PowerFin Partners, along with the acquisition of a 9.1 MW portfolio of operating solar projects in Austin and San Antonio.
Community choice aggregator CleanPowerSF has signed a 22-year PPA with sPower for a 100 MW project in Lancaster, California. The project is expected to be online in 2019.
Arizona’s largest power user has approved a 20-year power contract with a 30 MW solar project at 2.49¢/kWh, the lowest confirmed price for a public solar power contract to date. The deal also involves shutting down a coal plant.
Xcel Energy’s 120-day report to Colorado regulators includes an additional 1.1 GW of wind at 1.1-1.8¢/kWh. Solar power bids have come in at 2.2-2.7¢/kWh, and solar+storage at 3.0-3.2¢/kWh.
San Diego Gas & Electric has received approval by the CPUC for five energy storage projects totaling 83.5 MW of instantaneous power output, with a four hour rating.
A two-year pilot program will be rolled out to roughly 10,000 Xcel Energy residential customers in early 2020.
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