Tag: battery energy storage

Plus Power gets loan for a energy storage project in Hawaii

Plus Power gets loan for a energy storage project in Hawaii

November 11, 2021 |

Plus Power, a renewable energy firm based in the United States, has closed a loan arrangement for its Kapolei Energy Storage project in Hawaii. The said project has a capacity of 185 MW/565 MWh. The company has agreed to a $219 million credit facility with Hawaiian Electric, which includes $188 million in non-recourse construction debt and $31 million in letters of credit. CoBank and Silicon Valley Bank joined Mizuho Securities USA and KeyBanc in leading the financing.

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Ameresco to supply battery storage systems to Southern California Edison

Ameresco to supply battery storage systems to Southern California Edison

October 30, 2021 |

Southern California Edison (SCE) has signed a contract with Ameresco, a cleantech integrator and renewable energy asset developer, owner, and operator, to design and build three grid scale battery energy storage systems (BESSs) at existing substation parcels throughout SCE’s service territory in California. The systems have a total capacity of 537.5 MW and a four-hour endurance, totalling 2,150 MWh.

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The significance of low residential solar-plus-storage adoption in New Jersey

The significance of low residential solar-plus-storage adoption in New Jersey

October 14, 2021 |

New Jersey is an example of a state that lacks the right cocktail of incentives and grid reliability issues to move quickly out of the nascent, “early adopter”- only market stage – where  most  homeowners aren’t yet opting to install batteries in their homes, and many solar installers do not pitch storage. Looking at detailed vendor and installer data, Wood Mackenzie finds that New Jersey’s market has a few key characteristics that are consistent with the state’s low solar-plus-storage demand.

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U.S. Narrows Gap with China in Race to Dominate Battery Value Chain

U.S. Narrows Gap with China in Race to Dominate Battery Value Chain

October 12, 2021 |

The U.S. moves up the ranking to come second in both 2021 and 2026. As a country, the U.S. has the second largest EV market globally, after China. Tesla and Asian cell manufacturers continue to make significant investments in the country, and the Biden administration’s policy to help establish a domestic battery supply chain and support EV growth will further strengthen the country’s position.

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ESS signs 2 GW battery deal with SB Energy

ESS signs 2 GW battery deal with SB Energy

October 4, 2021 |

ESS, based in Oregon, has agreed to sell 2 GWh of long-duration batteries to SB Energy, a wholly owned subsidiary of SoftBank Group Corporation. The transaction is valued at least $300 million and the entire agreement will last till 2026. ESS has already delivered the first system an SB Energy’s facility in California.

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CSI Solar secures a 1.4 GWh battery storage system in California

CSI Solar secures a 1.4 GWh battery storage system in California

September 13, 2021 |

Canadian Solar’s majority-owned subsidiary, CSI Solar Co., has got a contract to supply a 350 MW/1,400 MWh fully integrated battery storage system to the Crimson stand-alone battery storage project in Riverside County, California. CSI will also provide EPC and long-term maintenance services as part of the contract.

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Ample raises $160 million to scale its battery swapping system

Ample raises $160 million to scale its battery swapping system

August 25, 2021 |

Ample, a San Francisco-based company, has raised $160 million in its Series C funding to expand its swappable, modular electric vehicle battery system.  Ample is attempting to revive an old concept of leapfrogging charging difficulties by providing speedy battery swaps to EV owners.

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Wärtsilä to deliver 100MW of energy storage in England

Wärtsilä to deliver 100MW of energy storage in England

July 22, 2021 |

Wärtsilä, a technology company, will supply Pivot Power, a subsidiary of EDF Renewables, with 100MW / 200MWh of energy storage systems for its next two projects in the West Midlands, England, to support the roll-out of Pivot Power’s revolutionary Energy Superhub concept. Wärtsilä will instal batteries in two locations: Coventry and Sandwell, on the outskirts of Birmingham.

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Could China lead the global energy storage market by 2030?

Could China lead the global energy storage market by 2030?

July 7, 2021 |

China’s proposed policy to accelerate energy storage deployments – with a target to take its energy storage capacity to 30 gigawatts (GW) by 2025 – could triple our current capacity forecast. The five-year timeframe could prove challenging from an economic standpoint, but China has good reason to push ahead. Government support for the strategic battery market is strengthening against the backdrop of heightened US-China tensions and China’s pledge to peak emissions by 2030.

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BCPG invests $24 million for Vanadium Flow Battery development

BCPG invests $24 million for Vanadium Flow Battery development

July 6, 2021 |

BCPG PLC, a Thai renewables firm, has invested $24 million in VRB Energy, a producer of vanadium flow batteries, to help it expand its worldwide energy storage business.The investment will go into developing VRB Energy’s unique storage system, enhancing production capacity, and vertically integrating vanadium processes.

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Maldives floats tender for 40 MW/40 MWh of battery energy storage systems

Maldives floats tender for 40 MW/40 MWh of battery energy storage systems

June 11, 2021 |

Maldives’ Ministry of Environment, Climate Change, and Technology has floated a tender for the engineering, procurement, construction of a 40 MW/40 MWh battery energy storage systems (BESS) across 11 select islands. The BESS are set to improve renewable energy penetration for island grids and ensure efficient operation of generators in the solar-diesel hybrid generation mix.

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Sun Cable plans to construct factory to supply world’s biggest solar + storage project

Sun Cable plans to construct factory to supply world’s biggest solar + storage project

April 1, 2021 |

Singapore-based manufacturer, Sun Cable has applied with the Development Consent Authority of Australia’s Northern Territory to build a facility that will manufacture Maverick solar array systems, designed by 5B. Sun Cable plans to build the manufacturing facility in East Arm Business Park in Darwin, which is close to the city’s port. Sun Cable reports that the construction of the project will begin immediately after financial close in October 2023, with commercial operations to begin in 2027.

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Queensland aims to install large-scale batteries at substations

Queensland aims to install large-scale batteries at substations

March 25, 2021 |

The Queensland state government has proposed installing five large-scale, network-connected batteries as part of a community battery trial. The batteries will have a cumulative capacity of 40 MWh and will be installed at substations in Townsville, Yeppoon, Bundaberg, Hervey Bay, and Toowoomba. Energy Queensland-owned sites have been identified for this trial where there is high penetration of solar on the network and deployment can occur as quickly and efficiently as possible.

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Energy Australia to build 350 MW battery to replace its coal plant

Energy Australia to build 350 MW battery to replace its coal plant

March 16, 2021 |

Energy Australia has announced that it will close the Yallourn power station in Victoria’s Latrobe Valley in mid-2028, four years ahead of schedule, and build a 350 MW battery instead. The 1,480 MW brown coal-fired plant currently produces about 22 per cent of Victoria’s electricity and is the oldest power station in the state. With the shutting down of the Yallourn power station reduce, Energy Australia’s carbon dioxide emissions are expected to fall by over 60 per cent.

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VRB Energy to develop 100 MW solar project with integrated storage in China

VRB Energy to develop 100 MW solar project with integrated storage in China

March 16, 2021 |

VRB Energy has announced the signing of a framework agreement for a 100 MW solar photovoltaic and 100 MW / 500 MWh vanadium flow battery integrated power station project in Xiangyang city in the Hubei Province of China. Additionally, the agreement also includes the construction of the first 50 MW per annum of a new 1,000 MW per annum “Gigafactory” manufacturing facility for the company’s energy storage systems, and a vanadium flow battery intelligent energy research and development institute.

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2 GWp solar park with storage and diesel backup to come up in the Philippines

2 GWp solar park with storage and diesel backup to come up in the Philippines

February 25, 2021 |

he Solar Philippines Corporation has announced plans to build a large power complex combining 2 GWp of solar power capacity, 6 GWp of energy storage, and a 600 MW diesel backup plant in Nasugbu, Batangas City. The company has secured a Solar Service Energy Contract from the Department of Energy giving it exclusive right to explore, develop and utilise the solar resource. Solar Philippines has also secured about 2,000 hectares of land for the project in Nasugbu.

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NTE Energy plans 5 GW of solar and energy storage projects in the US

NTE Energy plans 5 GW of solar and energy storage projects in the US

February 12, 2021 |

United States-based power generation developer, investor and operator NTE Energy has announced its plans to develop more than 5 GW of clean energy projects in the next five years. It is planning to develop a clean energy pipeline of 1.2 GW solar and 3.9 GW battery energy storage systems. The company expects 3 to 4 GW of these projects to come online by 2026.

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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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