The award of contracts by utility Southern California Edison (SCE) for 537.5MW/2.150MWh of battery energy storage systems (BESS) has enabled a significant rise in revenues for Ameresco’s project business.
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.
Southern California Edison, one of the US’ top-ranking utilities for energy storage capacity already deployed, has signed contracts for seven more projects, totalling 195MW in its California service area.
JLM Energy, a US maker of residential ’microstorage’ systems that pair with individual solar panels, is leaning on its US$25 million project finance fund to develop larger storage projects for commercial businesses.
California’s Self-Generation Incentive Program (SGIP), the scheme to incentivise the use of distributed energy, opens for applications at the beginning of next month, weighted to favour energy storage.
A “first-of-its-kind” project financing deal will bring 50MW of Tesla Powerpacks online in California, Macquarie Capital, the investing and advisory arm of global finance corporation Macquarie Group has said.