The electrons won’t be delivered across state lines, but the City of Cambridge will match its electricity use with a virtual power purchase agreement from a solar project in Champaign County, Illinois.
By using a “robust” approach to planning for new renewable and storage capacity to meet future energy demand, stakeholders can identify low-cost portfolios that can be quickly tested against various cost scenarios, said Derek Stenclik of Telos Energy.
The Hagersville Park financing qualifies as a green loan. Once commissioned, the project will be one of Canada’s largest battery energy storage (BESS) sites.
Job moves in solar, storage, cleantech, utilities and energy transition finance.
With expanding market opportunities and declining costs stationary battery energy storage installations are surging. Battery makers are awake to the opportunity, reports BloombergNEF, as stationary batteries account for an increasing amount of deployed capacity.
As the heavy majority of the U.S. energy grid approaches the end of its lifecycle, the time is now for a public-private task force to develop a comprehensive strategy to harden the grid and enable technologies that maximize the benefit of targeted investment in the most vulnerable areas.
The 31 community solar projects will be in Maine, Massachusetts, New York, Illinois, and Minnesota.
The two project sites are located near Phoenix and Tucson.
The DOE announced a $1.25 billion loan for EVgo to build fast chargers, along with $9.6 billion for Ford and battery manufacturer SK to construct three battery factories.
SunTrain is hoping to ship renewable energy via battery-powered trains, charged from solar and wind, using rail networks.
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