A “first-of-its-kind” project financing deal will bring 50MW of Tesla Powerpacks online in California, Macquarie Capital, the investing and advisory arm of global finance corporation Macquarie Group has said.
According to the latest GTM Research figures, energy storage is coming into its own and is no longer confined to a handful of US states. 21 states now have 20MW of storage projects proposed, in construction or deployed. Further, 10 states have pipelines of more than 100MW.
California-headquartered grid-scale electrical energy storage company Primus Power has secured US$32 million in equity financing from a range of investors including a well-known Saudi family, to help accelerate its EnergyPod 2 storage system.
Time is running out for stakeholders offering comments to Washington’s Utilities and Transportation Commission (WUTC) on its draft policy statement regarding how energy storage is treated by investor-owned utilities’ (IOUs) in their integrated resource planning (IRP).
EDF Renewable Energy has created a new business unit, Distributed Electricity and Storage (DES), which will focus on distributed solar and storage projects up to 30MW.
US battery and energy storage system manufacturer Aquion Energy has declared bankruptcy under Chapter 11 and offloaded 80% of its employees, according to a company release.
Led by a record-breaking final quarter, energy storage reached 336MWh in 2016, growing 100% in megawatt-hours from 2015’s installed capacity, despite staying roughly flat in megawatts with 221MW deployed last year.
US utility Southern California Edison (SCE) is looking to acquire distributed energy projects to help strengthen the grid in the Goleta area of Santa Barbara, California.
The North American subsidiary of international investor-owned energy supplier E.ON has partnered with Greensmith Energy to deliver two grid-scale energy storage systems known as the Texas Waves projects.
In anticipation for the expected reopening of the Self-Generation Incentive Program (SGIP), SimpliPhi Power and CivicSolar are partnering up to provide energy storage solutions for residential solar installers in California.
