“The major benefit is that we’ll be able to receive power during the noon-to-early-evening window, usually when the energy demand is at its peak,” said an NMSU official.
Also in the brief: A New Mexico regulator has recommended denial of El Paso Electric’s planned expansion of the Newman Generating Station, Gemserv has launched a digital platform aimed at helping businesses transition to electric vehicles and more.
Also in the brief: Nefarious deeds at the DOE — blocking yet another study favorable to renewables. The North American Energy Resilience Model joins the Seams study as a victims of agency bias.
The IPO priced at $22, above the top of the anticipated range of $19 to $21 — valuing the solar firm at about $2.8 billion.
The reception in the financial community on the eve of the Array Technologies IPO must have been enthusiastic.
The utility is planning on replacing the San Juan coal-fired station’s 847 MW of capacity with 650 MW of solar generation and 300 MW/1,200 MWh of accompanying energy storage. The new plan all but kills a proposal from San Juan’s owner and the City of Farmington to add a carbon-capture retrofit to the station.
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
Profitable solar tracker company Array Technologies is going public the old-fashioned way and eschewing the SPAC method being employed by other renewable companies such as QuantumScape and ChargePoint. Did we mention the company was profitable?
Also in the brief: General Electric is selling its investment in 11 of its startups to 40 North Ventures, power lines are key to New Mexico becoming a renewable leader.
“The energy from solar can consistently charge a 4-hour storage device having the same installed capacity” prior to the hours of peak demand, says a new study. In Arizona and New Mexico the capacity value is 99%.
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