Morning Brief: PG&E customers ready to ride out fire season with batteries, are EVs holding back stationary energy storage systems?
Also in the brief: Chinese EV startup Nio has secured a $1 billion investment, Kore Power has entered into a strategic partnership with ELM FieldSight, Nautilus Solar Energy has closed on a $90 million debt financing agreement and more.
Despite solar woes, Tesla turned its first-ever profitable Q1
Tesla finished Q1 2020 with a positive GAAP net income, driven by the profitability of the Model Y. However, the story was not so bright for solar, storage or corporate governance.
Duke doubles renewable goals while staying committed to fossils
The utility giant now owns or purchases 8,000 MW of renewable generation, with plans to double that mark by 2025. However, while the company eyes zero-carbon electricity by 2050, it maintains that natural gas will remain a crucial source to achieve this goal.
California values distributed energy resources fairly — and ratepayers score a big win
Until now, the value of distributed energy resources has been robbed by as much as 50% because the CPUC’s avoided cost calculators did not include avoided transmission costs in valuations of DERs.
Morning Brief: Illinois’ largest project has a power contract, financing secured for 134 MW in North Carolina
Also in the brief: Solis has earned SunSpec rapid shutdown certification, EDF renewables has partnered with Cubic Corporation on a solar, storage and EV charging installation, NextEra Energy has raised $4 million in COVID-19 emergency assistance and more.
Top global Li-ion battery projects: Tesla grows lead as Hornsdale expands to 150 MW
The world’s biggest battery is now rated at 150 MW/193.5 MWh and dwarfs any lithium-ion battery system in operation worldwide.
Renewable industry urges New Jersey to address the peak with storage
In response to the initial straw proposal on energy efficiency and peak demand reduction programs released by state regulators, renewable industry leaders are calling for the inclusion of programs promoting energy storage.
Morning brief: Elon Musk’s battery day ‘will blow your mind,’ Chinese module prices expected to rise 12.5%
Also in the brief: Powerhome has partnered with Generac, Duke Energy is donating $150,000 in low-income bill relief, Seychelles readies the world’s largest salt-water floating solar plant and more.
Massachusetts doubles the size of its SMART solar incentive
Dubbing the measure an “emergency regulation,” the incentive program’s capacity has been expanded to 3.2 GW of incentive blocks, with specific carve-outs for smaller projects and low-income community solar projects.
On the road to high-value recycling, storage is ahead of solar
Solar lags, at least in part, because the major components of panels — glass and silicon — while highly recyclable, are not as valuable as the lithium, cobalt and nickel in batteries.
