Energy Storage

Twenty large-scale renewable energy infrastructure projects are under construction in the state, paving the way for the state to meet its goal of having 70% of electricity come from renewable sources by 2030.

The U.S. tripled storage installations in 2020, accounting for 38% of new capacity, and is expected to lead future capacity additions.

Also on the rise: CleanCapital inks a $300 million commitment from Manulife, Power Edison BESS to set sail, and Gen. Grant’s historic New York cottage gets a solar-plus-storage system.

The deal with Hong Kong’s Towngas will pilot the company’s nickel-hydrogen battery technology and serve as an audition for future deals to come.

The electric co-op is en route to meeting 100% of its daytime energy load entirely with solar generation after securing financing for 21 MW of solar and 15 MW of storage.

Also on the rise: Mosaic announces a $1.5 billion loan program for solar and storage, New Jersey levies a fine for damage related to a solar project, and SunPower deleverages its balance sheet.

The project will be the company’s third utility-scale plant to feature its Advanced Compressed Air Energy Storage technology and its second in Canada.

Also on the rise: Hydro-Québec grid gains a BESS, Connecticut announces its 2021 Green Liberty Bond issuance, and two VC pros launch a fund to back cleantech startups.

The utility and its partner, GI Energy, choose customer locations where the utility’s analysis shows the electrical grid needs support.

The companies expect the partnership to spur existing customers to add storage and join a future VPP project.