Energy Update
Contributed by Aaron Halimi, founder and CEO of Renewable Properties
California just passed AB 2316 (Ward), a new community solar plus storage law that sets the stage for creating a viable community solar program for all Californians. But passing the law is only the first step. The next step is for the California Public Utilities Commission (CPUC) to design a program that attracts both community solar developers and subscribers.
Willie L. Phillips was named by the White House as acting chairman of the Federal Regulatory Commission. He is serving a term on the FERC that ends June 30, 2026.
Hannon Armstrong Sustainable Infrastructure Capital said it closed two new investments in grid-connected renewable energy assets developed, owned and operated by AES.
Canadian Solar said its storage business will provide up to 550 MWh of its utility-scale SolBank energy storage products to Pulse Clean Energy for various UK-based projects.
Under the agreement, CSI Energy Storage will provide commissioning services, along with long-term warranties and performance guarantees.
A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 GWh/year in 2021 to nearly 1,000 GWh/year by 2030.
Most of the announced battery plant projects are scheduled to begin production between 2025 and 2030. By 2030, this production capacity will be capable of supporting the manufacture of roughly 10 to 13 million all-electric vehicles per year. The data were announced by the Department of Energy.
WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
Contributed by Guohui Yuan, Systems Integration Program Manager, U.S. Department of Energy Solar Energy Technologies Office
SolarEdge Technologies said it will acquire the entire share capital of Hark Systems Ltd., a UK-based Software as a Service (SaaS) Internet of Things (IoT) platform. Hark’s customer base includes some of the largest supermarket chains in the UK.
Terms of the deal were not disclosed.
A roadmap has been proposed to achieve 6 GW of energy storage in New York state by 2030, equivalent to at least 20% of the peak electricity load.
The roadmap, which is now before the Public Service Commission for consideration, proposes 3 GW of new bulk storage, 1.5 GW of new retail storage, and 200 MW of new residential storage alongside an array of other actions intended to unlock the rapid growth of renewable energy across the state.
A select group of Midcontinent Independent System Operator (MISO) Transmission Owners is asking the Federal Energy Regulatory Commission to allow them to stop paying renewables developers for reactive power. FERC must reject this proposal and remain fair to independent power producers and renewables developers.
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