Category: Hybrids and Energy Storage

AES Clean Energy closes landmark debt financing for 400 MWh standalone battery storage project in California

AES Clean Energy closes landmark debt financing for 400 MWh standalone battery storage project in California

February 9, 2021 | , ,

AES Clean Energy has announced the closing of the $154.2 million in non-recourse debt financing for Luna Storage, a 400 MWh standalone battery storage project in California. The project is located in the city of Lancaster in Los Angeles County in California. The fund was raised by KeyBanc Capital Markets Inc., Credit Agricole Corporate and Investment Bank, Silicon Valley Bank, and Export Development Canada. The transaction was closed by sPower, an independent power producer, which merged in January 2021 to become a part of AES Clean Energy’s business in the United States.

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e-Zinc raises $2.3 million from BDC Capital to accelerate commercialization of its energy storage technology

e-Zinc raises $2.3 million from BDC Capital to accelerate commercialization of its energy storage technology

January 19, 2021 | ,

e-Zinc, a Toronto-based energy storage innovator, has raised $2.3 million in a closed round led by BDC Capital’s Cleantech Practice. The company intends to deploy its first in-field system in May 2021 at their facility in Stratford, Ontario. This project is financially supported by Sustainable Development Technology Canada and NRCan.

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Evolution of power sector in the US with widespread electrification

Evolution of power sector in the US with widespread electrification

January 14, 2021 | , ,

NREL’s recent report analyses different scenarios of electrification in the US and how it will impact capacity addition and operation of the grid. To meet electricity demand in high-electrification scenarios, installed capacity grows to more than double 2018 levels by 2050. Generation from low-cost renewable energy increases in all the scenarios.

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Origin announces plans for a 700 MW battery storage system in Australia’s New South Wales

Origin announces plans for a 700 MW battery storage system in Australia’s New South Wales

January 13, 2021 | , ,

Origin Energy Limited, a leading Australian integrated energy company, has issued an Expression of Interest to select a suitably qualified firm to supply and install a large-scale battery at Eraring Power Station in New South Wales. This battery would have an overall capacity of up to 700 MW and a dispatch duration of 4 hours.

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Engie and Neoen propose 1 GW solar plus storage project in France

Engie and Neoen propose 1 GW solar plus storage project in France

January 12, 2021 | , , ,

French energy giant Engie and ndependent power producer Neoen have announced plans to develop Europe’s largest solar-plus-storage plant . The project, “Horizeo” will have a installed capacity of 1 GW and include a green hydrogen production unit, an agrivoltaic plant, and a data center. It is estimated to cost Euro 1 billion and will be managed by French energy regulator CRE.

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Neoen plans to build a 500 MW battery storage project in Australia

Neoen plans to build a 500 MW battery storage project in Australia

January 11, 2021 | , ,

Neoen, a renewable energy developer, has initiated the planning process for a 500 MW/1,000 MWh battery storage project in New South Wales. The project will be located around 100km west of Sydney, near the site of the former Wallerawang coal-fired power station. The project, referred to as the ‘Great Western Battery’, would form a major part of an evolving New South Wales energy grid.

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India awards its first round-the-clock clean energy contract for record tariff

India awards its first round-the-clock clean energy contract for record tariff

May 9, 2020 | , , , ,

India’s ReNew Power has won the country’s first tender to provide continuous (24/7) green energy, bidding for an initial price of INR 2,900 per MWh. The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply.

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