Renewable energy company Arevon has acquired its first project since being spun out from asset management firm Capital Dynamics, a large-scale solar-plus-storage plant in California.
Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California.
Augmentation at the Vistra Moss Landing Energy Storage Facility in California has been completed, with the world’s biggest battery energy storage system (BESS) now at 400MW / 1,600MWh.
Canadian Solar has seen a “surge in demand for battery storage capacity,” CEO Dr Shawn Qu said, as the vertically-integrated solar PV company reported its latest quarterly financial results.
The cost of battery energy storage in the US fell by 72% between 2015 and 2019 and utilities in the country are set to bring 10,000MW of new grid-connected capacity online in the next two years.
Canadian Solar’s project development subsidiary Recurrent Energy has signed a 15-year deal with California utility Pacific Gas & Electric (PG&E) for energy capacity from one of the world’s biggest battery energy storage system (BESS) projects.
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
Commissioned at the start of this year, the Alamitos Battery Energy Storage System in California is a landmark project for the industry in having competed against natural gas to provide peaking capacity for the grid. Andy Colthorpe finds out the project’s backstory.
A company that pairs available energy capacity with the needs of electric utilities is preparing to put 288MW of flexible power onto the California grid in time for the summer peak in electricity demand that threatens energy security across the state each year.
