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.
Californian investor-owned utility (IOU) PG&E has revealed its energy storage plans in a Climate Strategy Report and cut the ribbon on the 182.5MW Elkhorn battery energy storage system (BESS).
Flow battery companies CMBlue Energy and Redflow, both of whom have developed solutions using alternatives to vanadium, have struck commercial deals in Austria and the US, respectively.
Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW.
The California Public Utilities Commission (CPUC) has approved 497MW of energy storage procured by utility Southern California Edison (SCE) to come online from August 2023 through June 2024.
