Energy Storage

The AI for energy storage startup has raised $26 million in its D round, and has also secured C$200 million to expand into Ontario.

ERCOT has set mid-day demand records, while aiming for pricing maximums over the past week as summer heat broke state records – all of which creates tremendous opportunities for solar.

Indiana’s NIPSCO received bids for solar power at 3.57¢/kWh for 1.3 GW-AC, and 705 MW-AC of solar+storage at an extra charge of $5.90/kW-Mo. The Solar+wind+storage price was not disclosed.

The French Power giant has entered into a power contract that includes a long-term hedge as well as a 35 MW, 4-hour battery, in order to provide value.

Green Mountain Power suggests 500 distributed Tesla Powerwalls plus two larger energy storage facilities have saved its customers $500,000 this summer during peak demand hours.

The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.

PG&E is seeking approval from California regulators for four energy storage projects totalling 567 MW / 2.27 GWh – including a 300 MW / 1200 MWh system by Vistra Energy, and a 182.5 MW / 730 MWh system by Tesla.

The City of Albuquerque has revealed details of the first phase of $25 million in solar power investments, as part of its goal to bring the city to 25% renewables. The first 12 projects are on local structures including fire and police stations, increasing resilience.

The latest ambitious goal in America’s most renewable-aggressive state is the first to focus strictly on solar.

Vistra Energy plans to add a 10 MW / 42 MWh lithium-ion battery to the 180 MW-AC Upton County Solar 2 solar power plant. The energy storage project is scheduled to come online in Q4 2018.