Corrected — California’s lucrative energy storage incentive gets fiscally misused once again
What is it about California’s SGIP subsidy that brings out the worst in people and corporations? Usually it’s companies gaming the ratepayer-funded incentive, this time it’s installers helping individuals with second homes siphon off funds intended for the disadvantaged.
New York Power Authority, environmental groups explore ways to replace gas peakers with cleaner technology
In a report this May, the PEAK Coalition said that New York City’s gas peaker plants are “perhaps the most egregious energy-related example of what environmental injustice means today.”
Fluence acquires Advanced Microgrid Solutions, in bid to help customers monetize storage, renewable assets
“Storage is the first truly digital asset that you can put on the electric network. That means the smarter we are with digital, the better job we can do powering the electric network,” Brett Galura, CTO at Fluence said, declining to disclose the acquisition’s price tag.
Morning Brief: Solar power will be ‘the new king’ by 2030, fuel cell SPAC, advanced reactors get $160M
Even the profitless fuel cell industry can launch a SPAC, cheered on by the current mania for hydrogen technology. Lots more in today’s brief.
Wärtsilä’s 9 MW battery storage system reduces a city’s demand peaks, saves transmission costs
An independent power producer, AEP OnSite Partners, will be the first to deploy Wärtsilä’s new storage product. The 9 MW/15.6 MWh battery system will respond to PJM market signals and reduce the city’s peak demand by about 9 MW, while saving $1 million per year in transmission and capacity costs
Energy Funding: IPOs, M&A, VC and grants for flow batteries, fuel cells, PV trackers and equitable access to solar
Another busy funding week with solar IPOs on deck and venture capital investments — but no cleantech SPACs in the last few day, at least.
Solar-plus-storage replaces coal plant in New Mexico, makes carbon-capture retrofit moot
The utility is planning on replacing the San Juan coal-fired station’s 847 MW of capacity with 650 MW of solar generation and 300 MW/1,200 MWh of accompanying energy storage. The new plan all but kills a proposal from San Juan’s owner and the City of Farmington to add a carbon-capture retrofit to the station.
Morning Brief: First-of-a-kind utility plan could transform Southeast grid, energy storage news
Also in the brief: Zinc batteries from Eos, flow batteries from Invinity, residential storage programs from Arizona Public Service and Green Mountain Power.
EnergySage reports on storage for the first time ever, Tesla dominates
In the newest edition of EnergySage’s Solar Marketplace Intel Report, data about energy storage solutions being quoted to homeowners through the platform has been included for the first time — with more than half of the quotes for Tesla’s Powerwall 2.
Morning Brief: Role of gas as a bridge fuel in US ‘just got shorter and narrower’
Also in the brief: Trina Solar completed its acquisition of Spanish solar tracker company Nclave, Plus — A Florida county board denies a zoning exemption for a 650-acre solar project in a predominantly Black community after some residents said the proposal constituted environmental racism.
