The 20 MW project will help the iconic brand meet roughly 75% of electricity demand at its Lynchburg, Tennessee distillery.
The companies expect the partnership to spur existing customers to add storage and join a future VPP project.
The solar installation will use First Solar Series 6 modules and the research facility will return up to $10 million to the university through energy savings and services.
A coalition led by Michael Bloomberg, Gov. Jay Inslee, and others calls on non-federal actors to work to cut emissions dramatically without new federal action.
Also on the rise: Utilities plan a massive solar + storage project in Wisconsin, Fluence supplies an AI-based trading platform for a BESS, and Avangrid wants a partner for an HVDC line in New York State.
The partners said that enabling peer-to-peer microgrid energy trading would allow even remote communities to store and distribute energy without connecting to large-scale power stations or distribution grids.
Also on the rise: Republic says ‘I do’ to Romeo on electric trash trucks, Lux names top 20 startups for 2020, ReneSola raises $250 million, and New Jersey regulators approve an EV infrastructure plan.
The debt will be used to finance commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.
Also on the rise: Power Sustainable aims $790 million at North American renewables, Macquarie unit invests in energy storage provider esVolta, EDPR buys its way into downstream C&I projects, Pattern Energy funds its Japanese expansion, and KBR signs on to support a hydrogen venture.
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