Fluence’s initial public offering (IPO) raised just under a billion dollars, with all available shares of the energy storage company’s Class A common stock snapped up as they listed on the Nasdaq Global Select Market.
Tesla’s planned launch of a retail electricity offering to existing customers within the ERCOT service area in Texas will lean heavily on battery storage as well as solar for its expertise, assets and routes to market.
A new report co-authored by energy expert Tony Seba predicts that the combination of solar and wind energy with batteries could undercut and disrupt the existing global energy system with “the cheapest power available” over the next decade.
While planning a better future for California’s energy system will take time and lies in the hands of many, many stakeholders from regulators to government to citizens and corporations, here are a few more of the recent moves forwards in clean energy in the state.
A representative of US energy holding company Duke Energy said yesterday that “no major technological breakthroughs would be required” for it to reach 2030 emissions reduction goals and that battery storage will play an important role.