The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.
The investment comes as part of Governor Cuomo’s ambitious state mandate of 1,500 MW of energy storage by 2025, in hopes of shifting generation to match demand.
Duke Energy has announced plans to invest $500 million to build 300 MWh of energy storage in the Carolinas over the next eight years, which breaks down to an average of 37.5 MWh per year.
Hawaii’s investor-owned utilities are in negotiations with developers to build seven solar projects across three islands.
The unique project will match Texas’ largest previous battery storage project to address the difference between peak generation and peak demand.
A report by the Brattle Group for Nevada regulators suggests that by 2030 – depending on pricing – 700 to 1,000 MW / 2.8 to 4 GWh worth of energy storage could be cost-effectively deployed statewide.
In this op-ed John Farrell of ILSR looks at what the big picture of distributed solar and battery deployment means for who makes decisions regarding our electric grid, suggesting that an era of centralized power may be ending.
A new report by Wood Mackenzie finds a surprising amount of potential demand flexibility in U.S. homes, which can make the job of integrating more solar and wind easier.
Under what is being described as a JV, Con Edison will offer Johnson Controls’ systems for control and management of batteries to a wider audience, and give ConEd another arrow in its quiver of clean energy solutions.
pv magazine’s John Weaver looks at the bids in Connecticut’s new RFP, finding some interesting utility-scale solar projects.
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