Sunrun CEO Lynn Jurich has said that using behind-the-meter systems to provide grid services could be “extremely valuable in certain targeted ways” as the company rolls out energy storage systems into key regional markets.
While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Green Charge, a subsidiary of Engie, will install 1.6MWh of energy storage alongside solar at five schools in California’s Visalia Unified School District.
Solar entrepreneur and financier Jigar Shah probably requires little introduction. The SunEdison founder and former CEO is now president at Generate Capital, a project financing venture for sustainable infrastructure investment. Shah spoke with Andy Colthorpe about Generate Capital’s latest solar-plus-storage projects for a school district in California, as well as sharing his thoughts on the economics of energy storage today.
Legislation recently introduced in California to cut red tape and reduce permitting times for energy storage systems and currently awaiting the state Governor’s rubber stamp could also halve the costs associated with paperwork, commercial system provider Stem has said.
The value of a front-of-meter battery energy storage system in California could be doubled or even trebled, by adding more than one revenue stream to the project, a new report says.
Los Angeles Department of Water and Power (LADWP) announced Wednesday that it has selected Doosan GridTech and its partner, KTY Engineering, to provide LADWP’s first battery energy storage system (BESS) with a capacity of 20MW at its Beacon Solar Plant in Kern County, California.
As might be expected, California’s main utilities led the way in 2016 for US state-by-state deployment of energy storage, with Southern California Edison installing as much as 40% of the national total, according to a new survey.
The requirement of nine hours of energy storage duration at a project touted as a possible replacement for a new natural gas plant in California makes it tough for the newer technology to compete on cost, an analyst has said.
An agreement to construct a 20MW lithium-ion battery energy storage system (BESS) has been approved by the Los Angeles Department of Water and Power (LADWP), which would reduce reliance on natural gas generation.
