Falling battery costs and “surging” renewables penetration make energy storage a “compelling flexible resource in many power systems.”
Also on the rise: Costs for all types of solar PV continue to fall, NREL says; and financing is lined up for a solar project near Denver.
In a change from previous years’ reports, however, balance of systems costs have increased or remained flat across sectors in 2021.
The Los Angeles transit agency will deploy 1.5 MW of rooftop and bus solar canopy paired with a 4.5 MWh energy storage system.
Also on the rise: Greenbacker acquires community solar projects in Maine, and this utility wants to add 1 GW of solar and other renewables in the next five years.
The report raised concerns over future pricing stability and product availability as demand for battery products increases.
Also on the rise: First Solar reports shipping problems, SunPower weighs options for its C&I business, and FTC Solar wins a tracker order for an Arizona project.
The financing includes $188 million in non-recourse construction debt and $31 million in letters of credit.
The solar array will contribute up to 35 MW to the grid and store up to 240 MWh for dispatch during evening peak demand.
Also on the rise: NREL points to energy efficiency as a good substitute for energy storage, and a salary survey finds a widening pay gap between women and men in the solar sector.
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