Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.
Around 60% of new solar projects planned in US utility service areas are hybrid resources paired with storage. Recurrent Energy’s Lucas Moller explains the appeal.
A front-of-meter microgrid combining 2.2MW of solar PV with a 9MWh battery has gone online in Humboldt County, northeast California, which its developers claim is the first of its kind.
Investor-owned utility SDG&E is turning its first lithium iron phosphate-based battery energy storage system (BESS) online today, while Stanford university says it has hit 100% renewable electricity with the offtake from Goldman Sachs’ recently-commissioned Slate solar-plus-storage project.
