Failing to create an investment tax credit as part of the ongoing tax extenders legislation, a coalition of clean energy trade bodies in the US have urged.
Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development, owner and operator of the only known “Gulf Coast” style domal-quality salt formation in the western US, have launched an initiative that will see the start of the development for the Advanced Clean Energy Storage (ACES) project in central Utah. Tabbed by MHPS as the world’s largest project of its kind, the ACES initiative will develop 1GW of renewable energy storage.
North Carolina-headquartered utility Duke Energy has agreed to sell a minority stake in a roughly 1.2GW portion of its renewable energy portfolio for US$1.25 billion.
Major US utility Florida Power & Light Company (FPL) is planning to build the world’s largest battery energy storage system adjacent to an existing solar power plant, with plans to roll out multiple other storage systems across the state.
The installation will be used to provide “critical peaking capacity” and “increased” grid reliability. AES will provide a system with a four-hour duration based on Fluence’s Advancion platform. It will be leased under a 20-year contract with AES the owner and operator of the project.
Schneider Electric will perform an expansion of its microgrid project at Marine Corps Air Station (MCAS) Miramar in order to boost grid resilience at the facility.
