Energy Update
What is being billed as one of Europe’s largest battery energy storage systems entered service in England.
Developed by Harmony Energy Limited and using a Tesla 2-hour Megapack system, the Pillswood project, near Hull, has the capacity to store up to 196 MWh of electricity in a single cycle.
The project is expected to provide balancing services to the British electricity grid network and also enable the replacement of fossil fuels with renewable energy.
Swell Energy said it raised $120 million to further its virtual power plant (VPP) programs. The round was led by SoftBank Vision Fund 2 and Greenbacker Development Opportunities Fund I, LP, with participation from an Ares Infrastructure Opportunities fund and Ontario Power Generation Pension Fund.
CSI Energy Storage said it will provide up to 2.6 GWh of battery energy storage capacity for the build-out of energy storage projects managed by UBS Asset Management’s Real Estate & Private Markets business in North America.
The projects are scheduled to reach commercial operation in 2024 and 2025.
Episode 26 of the Factor This! podcast featuring Vote Solar's executive director, Sachu Constantine, will be available wherever you get your podcasts on Monday, Nov. 21.
General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the region could top 1 million units annually by then.
Federal regulators took steps that could lead to new mandatory standards for inverter-based resources (IBRs) in an effort to enhance the reliability of the bulk electric system.
IBRs are solar photovoltaic, wind, fuel cell and battery storage resources that use power electronic devices to change direct current power to alternating current power, to be transmitted on the bulk-power system.
A California jury awarded two landowners $6.5 million in damages they said they suffered from construction of a solar farm developed by BayWa r.e.
The San Diego Superior Court jury made the award for damages caused after site work altered the landscape and caused flooding damage to their land. The verdict was reported by the San Diego Union-Tribune.
The traditional way of modeling battery storage as pumped hydro in an integrated resource plan is outdated. Current and future energy storage technologies provide multiple benefits that can be stacked on top of each other. IRP models must analyze these multiple benefits since capacity credit values decrease as renewable penetration increases. Because of these multiple benefits, hourly models in IRPs must be replaced by sub-hourly models.
Siemens Energy said its overall fiscal year 2022 performance was held back by its Siemens Gamesa Renewable Energy (SGRE) unit.
Christian Bruch, president and CEO of Siemens Energy, said that while the company’s gas and power business delivered “solid results,” Siemens Gamesa “did not meet expectations.”
Enel North America has announced plans to build a 3 GW solar cell and module manufacturing plant in the U.S.
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