Sunrise brief: Grandpa’s grid is not built to supply consumers what they need
Also on the rise: Utility-scale solar additions hit 46.8 GW since start of 2023. Primergy closes $225 million in financing for solar-plus-storage portfolio. And more.
Primergy closes $225 million in financing for solar-plus-storage portfolio
The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Subsea pumped storage tech secures funding from U.S., German governments
A cross-Atlantic subsea pumped storage collaboration will seek to overcome the land-based challenges plaguing traditional pumped hydro storage technology.
Tesla releases Powerwall 3 expansion units
Each expansion unit adds another 13.5 kWh of storage capacity to the original installation with a maximum of three such units connected to a single Powerwall. Now available in the US, the new product comes at a lower cost and slashes installation time by roughly half to 22 minutes.
Seven rural co-ops to add 3 GW of renewables and storage and retire coal units
A Colorado-based generation utility will add renewable capacity and retire coal units, while six other rural electric co-ops plan to add 1.75 GW of clean energy capacity under a federal program designed to lower electricity costs.
Retrofitting batteries increases solar plant revenue 29% to 81%
In areas with high population density or abundant solar energy, adding one to four hours of battery storage to a solar power facility can significantly increase site revenue. However, the added value diminishes with storage capacities exceeding four hours.
Solar wins on cost
On Day One of pv magazine USA Week, a panel of experts explored the levelized cost of energy as well as current challenges to capacity expansion.
Sunrise brief: Crux announces over $3.1 billion in tax credits transferred
Also on the rise: Sunrun and New York utility embark on residential virtual power plant. U.S. solar factories: From announcements to reality. And more.
Sunrun and New York utility embark on residential virtual power plant
In coordination with Orange and Rockland Utilities, the VPP program makes 300 solar-plus-storage systems available for grid stability.
