Another $5 million is expected to be awarded later this spring through the state’s Clean Energy Community Grants program.
Convergent Energy and Power will finance, own and operate the energy storage system for the West Boylston Municipal Light Plant.
Spearmint Energy has secured $252 million funding for a battery energy storage system (BESS) in Texas, Trina is supplying a 371 MWh BESS in Houston, EDF has sourced long-term funding for an operational site in California, and Strata and Power Sustainable Energy Infrastructure Inc. (PSEI) have broken ground on a solar-plus-storage project in Arizona.
The battery system is expected to earn $80,000 per year by providing energy to the local utility during peak summer demand periods, while saving $57,000 per year by reducing the hospital’s own monthly and annual peak consumption.
The first of three storage projects is completed, enabling the island to integrate its solar energy production and enhance grid reliability.
The Energy Information Administration said cumulative solar installations are expected to double from 91 GW to 182 GW from the end of 2023 to the end of 2026. Meanwhile, battery energy storage capacity is expected to grow 70% in 2025 alone.
The 30 MW, 120 MWh Hale Kuawehi project is the first renewable project to begin producing power for Hawaii Island in nearly a year.
A Roth Capital Partners survey of residential solar and storage installers revealed a market shift away from the leading home battery provider.
While some clean energy executives are worried over the new U.S. administration and its stance on the energy transition, others have been talking up the fossil fuel industry-friendly aspects of flow batteries that may be needed to power a boom in artificial intelligence-focused data centers.
The bill aims to curb unnecessary permitting delays and fast-track residential solar panel and energy storage installations.
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