The deal will include a $300 million to $400 million investment to support REV’s portfolio of renewable power and energy storage projects.
Six of the projects are set to be constructed in New York, while another three will be in Maryland.
The patent pertains to its Bi-Directional Optimizer for Storage Systems, which was part of a 2020 study with Duke Energy about retrofitting standalone solar plants with storage.
The 50:50 joint venture with Norway-based FREYR could result in factories with an initial production capacity of 50 GWh per year by 2030.
The projects, which are expected to be completed in 2022 and 2023, will serve local school districts, municipalities, hospitals, and businesses
Leaders from across the solar industry came together at Solar & Energy Storage Southeast 2021 in Atlanta to discuss efforts to diversify the workforce and break down traditional barriers.
The installation will provide the College with about 30% of its total electricity usage and bring Middlebury to 100% renewable power upon completion.
The investment will be used to drive the Spain-based project design software company’s growth with a focus on the United States.
The program is intended to help companies analyze their DEIJ practices and offers training and support for a more diverse and equitable work environment.
Gemstone Solar will sit on around 1,000 acres in the southwest part of the state and is slated to enter service in 2023.
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