The hydrogen storage project is expected to last two years, and comprise four research phases.
Also on the rise: Plus Power raises $1.8 billion to advance construction of five energy storage facilities. Solar power purchase agreement prices rise 21% year over year. And more.
Investment grew year-over-year as it reached $213 billion, including $39 billion of investment clean energy manufacturing, according to a report from MIT and Rhodium Group.
PPA prices are increasing due to rising costs, said a report by LevelTen Energy.
Construction has begun on two solar projects in Alberta, one of which will include a flow battery energy storage system.
The transactions will support construction of BESS facilities in the Salt River Project in Arizona as well as in the ERCOT market in Texas.
Solar panel waste will not be a problem because there is so little of it. However, there is a short-term problem in some places because panel deployment is growing fast and recycling is playing catch up.
Also on the rise: DOE announces $7 billion to kick off seven regional clean hydrogen hubs. Historic agreement accelerates large-scale solar development while minimizing land use impact. And more.
Through the first nine months of 2023, $28.9 billion of venture capital, public market, and debt financing was injected into solar, said a report from Mercom Capital Group.
Redwood Materials purchases hybrid and electric vehicle lithium-ion or nickel-metal hydride battery packs to process and reintroduce anode and cathode materials into the domestic market.
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