Industrial Sun is expected to begin its launch and multi-year deployment following the investment. The company focuses on developing large-scale solar projects for high-energy commercial and industrial customers.
While federal policy action (or inaction) grabs all the headlines, let’s look back at some of the most impactful state and local developments from 2021.
The deal follows an earlier $210 million financing package for a 260 MW Texas solar project.
The new rates, which include minimum monthly bills, non-bypassable charges, and grid access fees for larger systems, will now go before state regulators for approval.
The battery, which uses an electrolyte to convert chemical energy into electricity for storage and deployment, will begin testing in 2022 at Duke Energy’s Emerging Technology and Innovation Center in Mount Holly, North Carolina.
The company said it has lined up financing and started work on the 70 MW Stanly Solar project.
The bill’s long-term commitments reduced oversight for Duke Energy outweigh the renewable capacity increases and coal retirements it promises, according to those against it.
A North Carolina energy provider will buy the project’s full output through a 25-year fully bundled Power Purchase Agreement.
The partnership is the two companies’ second under Soltage’s Iris capital vehicle, and the two ultimately plan on deploying 450 MW of new distributed solar and storage projects across the United States together.