The company applied to the SEC to list its Class A common stock on the Nasdaq Global Select Market under the symbol “FLNC.”
The Calgary-based utility is scrapping a plan to convert a coal unit to natural gas, redirecting the capital to renewable energy investments.
Swinerton’s George Hershman warned, “This is absolutely the biggest risk and issue for our company and the industry.”
The project would be right at home in Kern County, which already hosts multiple utility-scale projects in the 100 MW+ range.
The act would boost investment in U.S. solar manufacturing.
Also on the rise: NERC points a finger at inverters as a grid reliability concern, and a $2.5 billion HVDC project gains a utility investor.
The $2.5 billion SOO Green project would connect the MISO and PJM regional energy markets, enabling the delivery of 2,100 MW of renewable energy.
Energy produced by the facility will serve WPPI Energy member communities in three states under a 20-year power purchase agreement.
Also starting up: Omnidian raises $33 million for solar performance services, and Lilac Solutions grabs $150 million for lithium brine extraction.
A root cause report on a West Texas power disturbance found that, in many cases, the solar industry “is not proactively identifying abnormal performance issues” related to inverter-based resources.
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