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The investment is planned to support development and construction of Hydrostor’s 1.1 GW, 8.7 GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.

The utility has released its short-term energy plan, as required by the Virginia Clean Economy Act.

Renewable power held a 19% share of the total power capacity in the U.S. in 2020, according to GlobalData. This share is expected to increase significantly to nearly 50% by 2030.

Also on the rise: Aerial inspection and site data service provider, Heliolytics, acquired by NovaSource. Solar panel recycling firm teams up with Solaris. Investment gets Texas PV developer IndustrialSun ready for launch. Community solar moves forward in Illinois. International team of researchers develop solar-powered hydrogen energy platform.

Renewable energy and battery storage has racked up another banner year in 2021, according to end-of-year analysis from Rystad Energy. While there was growth across segments, residential solar has seen the most impressive gains, surpassing the commercial and industrial (C&I) segment for the year.

The Tennessee-based power provider is trying to bar approval of a solar co-op in its territory. Project supporters are accusing TVA of protecting a monopoly.

The project is among the largest ever proposed in Indiana and Hoosier Energy Rural Electric Cooperative has a 20-year contract in place to buy the electricity generated.

The Massachusetts Department of Public Utilities issued an order expanding the SMART program from 1,600 to 3,200 MW of solar capacity, allowing 175 MW of stagnant solar to move ahead.

Also on the rise: China Photovoltaic Industry Association (CPIA) criticized the adoption of the Uyghur Forced Labor Prevention Act by the United States Congress. Source Power Company selected by NJR Clean Energy Ventures to provide customer acquisition and management services to New York community solar project. Scout Clean Energy acquires another midwest solar project. A look at the role solar and energy storage can play in greening the world’s urban spaces.

Buildings are key to our daily lives and significantly impact our health and wellbeing. The majority also have substantial carbon footprints, employing heavy use of fossil fuels across their lifetimes, from their construction, use, and demolition phases. Thus, in Q4 2021, pv magazine’s UP Initiative focused on the role solar and energy storage can play in greening the world’s urban spaces.