Sunrise brief: It’s unanimous–U.S. renewable market most attractive to investors
Also on the rise: By 2035 IRA will drive $200 billion in solar wages. Three ways states can fix interconnection of distributed solar and storage. And more.
Spearmint Energy secures $200 million loan to develop storage in Texas
The credit facility with Aiga Capital Partners will enable the development of Spearmint’s BESS portfolio in the Texas ERCOT market.
Form Energy to deploy 100-hour iron-air battery system in Georgia
Georgia Power has more than 850 MW of active energy storage projects under development or in operation across its service territory.
Key Capture installs third New York storage project near Buffalo
The 45.6 MWh project is interconnected into National Grid’s western New York service territory, a region which has seen a surge of distributed energy system deployment activity in recent years due to grid constraints.
Sunrise brief: Exponential growth for long-duration energy storage investment
Also on the rise: Solar power crosses the political aisle–$75 million for agrivoltaics research. Orsted to recycle all the solar modules in its U.S. portfolio. And more.
Exponential growth for long duration energy storage investment
A study by the Cleantech Group highlights the rise to $1.8 billion in investment in the technology. The U.S. Department of Energy envisions this growing to as much as $9 billion by 2030.
FEMA funds $97 million Puerto Rico microgrid with 15 MW solar, 12 MWh storage
The microgrid project is a rare example of the allocation of disaster relief funds for rebuilding Puerto Rico’s grid with solar and storage.
Texas Sunset Bill softens the blow from anti-renewables changes
Texas politicians and lobby groups came to a resolution late Sunday night, May 28, which amends recently filed legislation from SB 624 designed to set severe restrictions on the permitting of wind, solar and clean energy assets in the coming years.
U.S. clean energy market deployed 25.5 GW in 2022, third largest year on record
American Clean Power reported that 2022 had a 15% slowdown in installations, largely represented in the utility solar market, which had 13 GW fewer deployments in the year.
U.S. Government eyes $9 billion liftoff for long duration energy storage by 2030
The U.S. DOE has published a report outlining the requirements for LDES to achieve technical and financial self-sustainability by the end of decade. An estimated $6 billion to $9 billion dollars in capital investment would be necessary, potentially leading to 6 GW to 10 GW of project deployments.
