The Wisconsin PSC voted 2-1 in favor of a residential contract between a utility customer and a solar provider, a move that could usher in more residential solar.
The large brownfield solar project will provide Mount Olive, New Jersey with close to $2.3 million in past tax revenues, while creating a future revenue-generating renewable energy asset.
Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.
With initial output anticipated in late 2024, production at the KOREPlex gigafactory in Arizona is expected to double to 12 GWh of lithium-ion battery cells produced to meet expected market demand in energy storage and electric mobility applications.
The behind-the-meter project is set to be one of the largest C&I solar projects installed to date.
In a typical PV plant, where modules operate nearly 25°C above the ambient temperature, energy loss can reach 12%.
Powin is expected to install battery systems over the next few years with SMA’s power inverters and other solutions.
The industry report tracks the leading utilities by fuel mix, emissions curbing, long-term decarbonization goals and clean energy investments as a share of capital expenditures.
Initial demonstration projects are focused on select customers that have experienced outages in recent years.
The 1-hour power dispatch from Byrd Ranch battery energy storage system will help manage stress and volatility on the ERCOT grid.
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