Energy Update
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) announced the Foundational Agrivoltaic Research for Megawatt Scale (FARMS) funding opportunity, intended to award $8 million in funding for projects that examine how solar energy projects paired with agriculture–so-called “agrivoltaics”–can scale up.
Gravity-based energy storage developer Energy Vault has started construction on its first commercial-scale project.
The 100 MWh energy storage system is being built near a wind farm in Rudong, Jiangsu Province outside of Shanghai, China.
To gather support for the MISO board’s approval of the $10 billion transmission portfolio this summer, MISO executives sounded the alarm bells that there are “insufficient firm resources” this summer implying a greater chance of deploying emergency procedures. From April, MISO’s 2022 capacity auction prices reflected the need for increased imports.
Eversource could exit its joint venture to develop offshore wind projects with Ørsted amid record-setting lease auctions in the U.S.
The energy giant announced in its quarterly earnings report that it had launched a "strategic review" of the 50-50 partnership, which could result in the sale of some or all of its stake.
Advocacy group Vote Solar named Sachu Constantine as its new executive director.
Constantine is Vote Solar’s second executive director, following the term of co-founder Adam Browning, who led the organization through its first 20 years.
Idaho Power asked its regulators to approve a plan for it to install and own 524MWh/120 MW of battery storage, to come online in the summer of 2023.
Being a renewable energy operator has become a lot more challenging over the past few years. Gone are the days when an operator could pick a single asset class (wind or solar), sign a long term guaranteed price PPA, and focus on generation only, with no concern about market pricing or energy curtailment.
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NJR Clean Energy Ventures' 4.4 MW floating solar array located in Sayreville, New Jersey (Courtesy: NJR CEV)
Construction is underway on an 8.9 MW floating bifacial solar array at a water treatment facility in New Jersey.
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