ENGIE EPS incurred increases in operating expenses and extraordinary costs due to COVID-19 which “more than offset” an increase in revenues that ENGIE’s energy storage subsidiary earned in the first half of this year.
The US unit of German developer and EPC provider juwi has inked a power purchase agreement (PPA) with Colorado Springs Utilities for a 175MW solar project coupled with a 25MW battery storage system.
Goldman Sachs Renewable Power has acquired a 100MW solar PV plant with a 50MW battery storage facility currently under development in San Bernadino, California.
Independent power producer EDF Renewables North America has signed a 22-year power purchase agreement with NV Energy for a 200MWac solar project coupled with a 180MW, four-hour battery storage system.
The contract is for the 35MW hybrid York solar farm designed and constructed by developer GRIDSERVE, which was completed late last year.
Solar industry players target opportunities in the residential energy storage market in the US and elsewhere with the rollout and launches of new products.
While pumped hydro plants still account for around 96% of installed capacity of stationary energy storage worldwide, there will be more than 28GW of lithium batteries deployed for stationary storage applications by the year 2028, Navigant Research has predicted.
Nevada utility NV Energy and Google are plotting a major solar-plus-storage facility outside of Las Vegas in a deal being billed as the largest battery-backed solar corporate agreement in the world.
Los Angeles Department of Water and Power (LADWP) last week approved power purchase agreements for what is thought to be the cheapest solar-plus-storage project so far in the US.
Assets are up for sale following the bankruptcy of EnSync, a networked smart home solutions provider from the US which has been using battery energy storage to aggregate connected systems for energy trading and other services.
A proposal by Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities (IOUs) to deploy large-scale energy storage to replace peaking natural gas plants has been approved by the state’s regulator.