Falling battery costs, shifting regulations and interest in energy independence are driving increased battery attachment rates on residential solar projects in California.
Gemini is located thirty minutes outside of Las Vegas and with its 1.8 million solar panels, will power about 10% of Nevada’s peak power demand.
Also on the rise: North American solar power purchase agreements rise 3% in Q2 Intersect Power closes $837 million in financing for three Tesla battery systems in Texas. And more.
Each project comprises 86 Tesla Megapacks and will provide a capacity of 320 MWh of battery storage with a two-hour duration.
The funds seek to build energy resilience in Puerto Rico, where hurricanes and other extreme weather frequently leave residents without power.
Also on the rise: $1B in financing for 400 MW/1600 MWh solar-plus-storage project. Peak Energy secures $55 million Series A funding to manufacture sodium-ion batteries. And more.
The Green River Energy Center will supply power for PacifiCorp.
A webinar hosted by Roth Capital Partners looked at the health of the residential solar market and forecasts for next year.
Q2 2024 saw 44 states plus the District of Columbia and Puerto Rico take a total of 182 distributed solar policy actions.
Also on the rise: Aurora adds automated permitting to its toolbox with acquisition of Lyra. Solar electricity “a good idea” for 83% of poll respondents. And more.
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