Energy Update
Dallas-based Leeward Renewable Energy said it closed around $420 million in construction-to-term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility in London, Ohio and its Oak Trail Solar Facility near Moyock, North Carolina.
ComEd said it will explore battery energy storage system technology by evaluating the effectiveness of localized batteries to support around two dozen customers who live in Streator, Lostant, and Milledgeville, Ill.
The tech demo will use batteries from Sunverge Energy Inc. and Mesa Technical Associates to support ongoing grid management. Equipment includes a Sunverge battery with 6.5kW / 28kWh capacity, and Mesa batteries with 75kW / 200kWh and 75kW / 350kWh capacity.
The U.S. Department of Transportation awarded more than $100 million for infrastructure projects to support offshore wind energy projects in and around the Atlantic Coast and Great Lakes.
The awards were part of more than $703 million in funding to improve port facilities through the Maritime Administration’s Port Infrastructure Development Program. The funding was made possible by the 2021 Bipartisan Infrastructure Law and additional Congressional appropriations.
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.
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