Energy Storage

First Citizens Bank put forth the financing for the project, located in Imperial County.

A ribbon cutting was held recently for the Daggett Solar + Storage plant, one of the largest operating hybrid facilities in the country.

The City of Fresno and ForeFront Power began construction on the three projects, which will also include 2.3 MW of energy storage.

The hydrogen storage project is expected to last two years, and comprise four research phases.

Also on the rise: Plus Power raises $1.8 billion to advance construction of five energy storage facilities. Solar power purchase agreement prices rise 21% year over year. And more.

The transactions will support construction of BESS facilities in the Salt River Project in Arizona as well as in the ERCOT market in Texas.

Energy storage with more than four hours of duration could assume a key role in integrating renewable energy into the U.S. power grid on the back of a potential shift to net winter demand peaks, says the National Renewable Energy Laboratory (NREL).

Also on the rise: Solar cell prices are expected to hit fresh record lows following China’s Golden Week. Aqua Metals, 6K plan first circular supply chain for lithium batteries in the U.S. And more.

As fall arrives in the northern hemisphere, California sets a record for most utility-scale battery capacity instantaneous usage, with a long stretch exceeding 2 GWh of output.

The Milagro Solar+Storage project is projected to create about 200 jobs during the peak of its construction phase and will generate an estimated $7.9 million in tax revenue during the facility’s operating lifetime.