Intersect Power has become the latest player in the energy storage space to feel the adverse effects of tariff increases and policy uncertainty.

Public Service Company of New Mexico (PNM) is seeking regulatory approval of two Energy Storage Agreements and a Certificate of Convenience and Necessity covering 350MW of energy storage capacity across three projects.

The New Mexico Public Regulation Commission has approved an application from Public Service Company of New Mexico to add 309.5MW of energy storage to the investor-owned utility’s portfolio by summer 2026.