Energy Update
Done correctly, and with enough of it, energy storage could be the hero of many grids as the energy transition drives the adoption of more variable resources powered by the wind and the sun. Grid operators stress how important it is for dispatchable generation to help keep the grid in balance when other forms of generation ramp up and down quickly in response to the elements.
The Maryland Energy Administration (MEA) said it budgeted $1 million for its 2023 Low Income Solar Grant Program, which aims to extend solar energy to low-income households.
MEA said it anticipates awarding at least five, $200,000 grants to non-profit organizations and local governments that received an earlier award from MEA’s FY18 – FY23 Low-to-Moderate Income Energy Efficiency Grant Program.
A consortium that includes Meta, Broad Reach Power, and REsurety has formed with a goal to maximize the greenhouse gas reduction potential of energy storage technologies.
Charging provider TeraWatt Infrastructure said it lined up more than $1 billion of institutional capital to support the buildout of its fleet-focused electric vehicle charging operations.
Funds managed by Vision Ridge Partners invested alongside existing investors Keyframe Capital and Cyrus Capital, both of which increased their commitments.
Rhode Island officials have broken ground on an offshore wind port project that will create a hub for the industry's growth in the Northeast.
Contributed by John Michael, Josh Heideman, and Ellen Campbell — Vinson & Elkins
For centuries, global commerce moved by the power of offshore wind. While the age of the trading schooner is long past, the power of offshore wind as a modern-day energy resource has barely begun to be tapped.
Contributed by David Snider, Capco
The Energy Department’s Berkeley Lab’s published its latest Tracking the Sun annual report, which is based on data from roughly 2.5 million systems installed nationally through year-end 2021.
Last week’s experience in California shows the impact of aggregated residential demand and the need to pay residential customers to reduce demand. California heat wave means high air conditioner usage leading to strain on the electric grid.
Pages
GET IN TOUCH
- 1875 I Street NW, International Square,
Washington, District Of Columbia, 20006 - Phone: +1 (888) 317-3839
- Email: info@mglllc.com
About
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.