Energy Update
The focus is shifting from wind to solar at Midcontinent Independent System Operator (MISO). This shift means MISO must guide solar asset owners, who could be the majority of new market participants in the next 3-5 years. MISO is moving from an annual capacity auction to seasonal auctions starting next April. All these changes are too much for solar developers. Hence they need a crash course in MISO capacity and energy market concepts.
Quinbrook Infrastructure Partners and its portfolio company Primergy Solar sold a minority equity stake in the $1.2 billion Gemini Solar + Storage project near Las Vegas to APG, a large pension asset managers based in the Netherlands.
APG agreed to acquire a 49% equity ownership on behalf of its pension fund client ABP. Financial terms were not disclosed.
A virtual power plant operated by Sunrun contributed more than 1.8 GWh to the New England grid this summer.
By Samantha Donalds, Clean Energy States Alliance
By ANDREW HERRIG Associated Press
According to a new report, worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of COVID-19 and the growing energy crisis.
AES dedicated two new battery storage sites in Lancaster, California, the Luna (100MW/400 MWh) and Lancaster Area lithium-ion battery (127 MW/508 MWh) storage facilities.
The two facilities are expected to provide a boost to California’s grid, storing renewable energy to be dispatched during periods of high demand.
GM said it is getting into the vehicle-to-building charging sector with a new business unit known as GM Energy.
It said that its Ultium Home and Ultium Commercial, in combination with the existing Ultium Charge 360, are intended to create a suite of energy management products and services.
Rarely a day goes by that a recruiter isn't trying to poach one of Erik Lensch's 35 employees.
"I've got head hunters calling my team left and right," said Lensch,CEO of Durham, North Carolina-based Leyline Renewable Capital.
A new interactive tool aims to showcase the solar industry's manufacturing capacity outside of China, which currently dominates most supply chains, and has been subject to trade disputes and forced labor concerns.
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