Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
NTPC, an independent power producer (IPP) in India with over 65GW of power plants across the country wants to install 1,000MWh of energy storage at its existing generation facilities.
Recurrent Energy, the project development subsidiary of vertically-integrated solar PV company Canadian Solar, has claimed that it has 2.3GWh of battery storage projects in “late-stage development”.
Renewable energy investment group CleanCapital and artificial intelligence-driven energy storage provider Stem Inc have provisionally agreed a financing partnership for US energy storage projects of 30MW or under.
Construction has begun on more than a gigawatt of large-scale renewable energy projects with battery storage attached in Texas, by Enel Green Power North America, the regional renewable and clean energy arm of European utility Enel.
Mitsubishi Power Americas and Powin Energy have been appointed to retrofit 640MWh of batteries to solar PV plants in California, while a community energy group in the state has just signed a power purchase agreement for a 100MW solar plant with 150MW / 600MWh of storage.
Re-examining older and potentially hazardous battery energy storage systems should be an “essential” tool in fire prevention, according to a panel of industry leaders.
Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.
