United States

Renewables have now crossed the 25% threshold of total U.S. available installed generating capacity.

Energy Vault secured $100 million in Series C funding for its EVx tower, which stores gravitational potential energy for grid dispatch.

The energy storage technology and services company said the investment will bolster its bankability as the energy storage market grows.

The company will use the funds to expand its team, as it looks to show off the innovation of its cell-level battery management system and inverter technology.

The software adds to Terabase Energy’s digital platform for utility-scale solar project development, engineering, and monitoring.

Several of the projects also aim for lower costs for PV module materials or PV racking, as well as for lower defect rates on module assembly lines.

Around 5% of utility-scale solar production was curtailed in 2020. Policy leaders are using a number of tools to reduce this waste of renewable energy.

The deal is expected to help NV5 Global expand in clean energy systems, electric vehicle fleets and infrastructure, and asset management.

Regulators also approved expanding the utility’s community solar program and make 10 MW of solar capacity available for subscription.

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.