With projections suggesting U.S. capacity of battery storage could exceed 100 GW by 2030, the industry’s focus on safety appears to be paying dividends.
Also on the rise: Predictions for the solar energy landscape in 2025. Samsung launches monobloc air-to-water heat pumps. And more.
The solar and energy storage manufacturer will provide battery energy storage systems (BESS) for the Gaia and Midpoint projects as well as up to 2 GWp of solar panels.
The loan guarantee is intended to finance a Convergent Energy and Power solar system with integrated battery energy storage and three stand-alone energy storage projects across Puerto Rico.
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.
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.
In the third quarter of 2024, the U.S. installed 3.8 GW of storage across all segments, 80% increase from Q3 2023.
Mitsubishi UFJ Financial Group provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America.
ComEd wants to explore the benefits of using a grid-connected battery energy storage system (BESS) in tandem with a small community solar project. The utility will pair a BESS with a solar deployment owned by an Illinois brewery as part of a government supported pilot.
Also on the rise: U.S. solar cell manufacturing begins, with sights set on supply chain gap.
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