Distributed Solar Development closes on $300 million debt facility
The debt will be used to finance commercial and industrial projects and distributed generation assets, and will accommodate multiple tax equity partnerships and structures.
Novatus Energy and Southwest Generation merge to create Onward Energy
The newly combined independent power producer brings to the table a 4.2 GW generation portfolio, including 543 MW of solar.
New York governor outlines major renewable energy plans
In his 2021 State of the State address, Andrew Cuomo said, “Green energy is a pressing moral imperative and a prime economic opportunity.”
Project aims to smooth DER integration on New York’s grid
The $2.2 million in funding comes through NYSERDA’s Smart Grid Innovation program, and is part of New York State’s strategy of a zero emission electricity sector by 2040.
Solar plus storage cleared to land at JFK airport
The 12.3 MW solar installation will create a carport canopy, providing cover to around 3,000 parking spaces. Excess power will flow to the grid and storage will support AirLink JFK rail shuttle service.
NYC site will host a 100 MW/400 MWh energy storage system
Under a seven-year contract with Con Edison, the utility will bid power from the battery system into New York State’s wholesale energy market.
NYPA focuses on solar and storage in its 10-year plan
The New York Power Authority’s board of trustees approved a 10-year strategic plan for decarbonizing New York’s energy infrastructure. Large-scale solar and storage both figure prominently.
The first phase of Li-Cycle’s lithium-ion battery recycling hub is complete
The company’s second ‘Spoke’ facility has been completed in Rochester New York and is set to feed 5,000 tons of spent lithium-ion batteries per year to the company’s nearby processing facility, set to open in 2022.
Morning Brief: Consumers Energy expands its net metering cap, Nautilus closes a financing commitment
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.
New York is launching a $10 million program to support climate tech startups, following Massachusetts’ lead
“Because economies were shut down, we also had concerns about the companies in which we had investments, and we had to think about how we could help those companies get through the pandemic.”
