The simplest way to model the payback period is to divide the project’s costs by its expected annual production number. That’s a good start, but it doesn’t tell the whole story.
The two will provide voltage support for utility National Grid in a move to show that distributed resources can unlock additional value to ratepayers.
Michigan and Wisconsin have both introduced community solar legislation, banking on the success that neighboring Minnesota has had with community installations.
A year after its launch, the residential portion of SolarTogether joins commercial, industrial, and government portions in being fully subscribed, with the waiting list also at 100% capacity.
Also on the rise: Developers scrap an 850 MW solar project after local objection, Rivian plans a second EV plant in the U.S., Ohio regulators consider another 470 MW of solar, and more.
Local opposition forced the action, but the same developers are moving ahead with a nearby $1 billion solar-plus-storage project.
The Amazon-backed automaker is exploring U.S. locations to produce its electric truck and battery cells.
Boston startup Form Energy has secured $200 million Series D funding for the development of what is being called a breakthrough in energy storage.