Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.
Utility Public Service Company of New Mexico’s (PNM) plan to procure energy from 950MW of solar and storage facilities by 2022 and replace its retiring 562MW San Juan Generating Station coal plant has been handed a boost.
Vanadium producer Bushveld Minerals has offered its backing to the merger of UK energy storage provider redT with US vanadium redox flow battery maker Avalon Battery, providing a loan to help the deal get over the line – and to help its own vertical integration ambitions.
Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.
Flow battery maker Avalon has initiated a novel business model aimed at lowering the cost of deployment of its energy storage units, effectively ‘renting’ the electrolytes in the devices to a customer in California.
NEXTracker CEO Dan Shugar sat down to talk to Energy-Storage.News about developing – and selling – energy storage systems in lithium and flow battery ‘flavours’ alongside his company’s market-leading PV tracker systems.
Adding energy storage gives solar developers and the industry in general the ability to “keep going”, while offering both lithium and flow battery systems covers a “wide-range of use cases”, NEXTracker CEO Dan Shugar has said.
A supply deal has been signed, for components made by Ideal Power to be integrated into NEXTracker’s solar-plus-storage offerings, including power conversion system and solar PV inverter.
