Bill to extend California’s SGIP energy storage subsidy passes committee
If passed, SB 700 will extend the Self Generation Incentive Program for another five years and add up to $700 million in funding. It now has eleven days to pass the Assembly before the session ends.
California has only one fossil fuel plant in its future queue
CAISO’s most recent interconnection queue contains one lone gas plant. While this list can change, it reinforces the trend of a move away from conventional generation towards renewables.
Hawaii PUC approves solar + battery system for Molokai
The island’s 7,000 residents are expected to see savings from the 4.9 MW solar and 2.6 MW of battery storage that Half Moon Ventures plans to install on the island.
Tesla’s mad growth in energy storage
In the first two quarters of 2018 Tesla deployed 40% more energy storage than all of 2017, with 300-400% growth expected for 2019. Solar power deployments grew 11% to 84 MW over a low Q1 value.
Rural electric cooperatives are becoming a gigawatt PV market
A report issued by the National Rural Electric Cooperative Association shows rapid PV growth in less than a decade in co-ops.
9 out of 10 doctors recommend residential solar+storage
GTM Research projects that residential batteries and other energy storage systems will be coupled with solar in 9 of 10 storage deployments by 2023. Additionally, the firm projects that residential solar power costs will fall below $2/W by this date.
This isn’t your parents’ SolarEdge
The inverter-optimizer manufacturer has expanded from its residential focus and now gets 40% of its revenue from commercial sales. The company is also supplying a soon-to-be commissioned 53 MW-AC solar power project.
NextEra expects storage to add half a cent to solar in mid-2020’s
The power giant has made a number of bold statements about the future of solar, wind and batteries, as the company’s development arm reaches a record backlog of renewable energy.
Battery storage companies attract increasing investment
While total corporate funding was down in H1 2018, compared to a year earlier, due to lower investment in the Smart Gird and Efficiency categories, battery storage companies recorded an increase of 12%.
Stem raises $226 million
The AI for energy storage startup has raised $26 million in its D round, and has also secured C$200 million to expand into Ontario.
