A bill passed last night in the Massachusetts Senate removes the state’s caps on net metering, sets a 100% renewable energy mandate, boosts the state’s energy storage procurement target to 2 GW and more. But can it pass the House?
Part 2 looks at presentations by Fluence and NREL, which outline the market opportunities present both today and in the future.
Presentations by Duke Energy, NREL, Fluence, GE and the EIA itself showed that energy storage is becoming a fact on the ground.
NV Energy has signed a 25-year power contract for 2.376¢/kWh for the output of a 300 MW solar power plant in Nevada. This represents a new record for the lowest public contract price for solar power in the United States.
Xcel Energy’s 120-day report to Colorado regulators includes an additional 1.1 GW of wind at 1.1-1.8¢/kWh. Solar power bids have come in at 2.2-2.7¢/kWh, and solar+storage at 3.0-3.2¢/kWh.
San Diego Gas & Electric has received approval by the CPUC for five energy storage projects totaling 83.5 MW of instantaneous power output, with a four hour rating.
The 36 megawatt-hours of residential energy storage installed in the United States during Q1 is the latest in a year of accelerating growth rates, driven by policies in California and Hawaii.
A two-year pilot program will be rolled out to roughly 10,000 Xcel Energy residential customers in early 2020.
Panasonic announced an aim to produce batteries for Tesla without using cobalt, much of which is sourced from the unstable and conflict-ridden Congo.
Analysis by the Lawrence Berkeley National Laboratory shows that California’s electric car mandate could relieve “duck curve” stress at much better pricing than new standalone energy storage, if properly utilized.
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