The Senate of New Mexico has passed a bill, which will require investor-owned utilities to have 2GW/7GWh of energy storage online by 2034, the second such move by a US state this week.
Democrat lawmakers in Michigan have proposed a bill requiring utilities to have a combined 2,500MW of energy storage online by 2030, and are mulling a specific target for long-duration technologies.
Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.
The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.