Energy Update
Solar company Altus Power Inc. and module manufacturer Heliene Inc. signed a three-year agreement under which Altus Power will be able to buy up to 250 MW of solar modules from Heliene for use in solar generation projects across the U.S.
In connection with the supply agreement, Altus Power also plans to invest up to $5 million in Heliene as part of that company’s anticipated take-over transaction with Buzz Capital 2 Ltd. and listing on the TSX Venture Exchange.
A solar market analysis firm said that the 25 GW of utility scale capacity expected to be deployed in 2022 may end up closer to 15-20 GW as supply chain-related issues continue to challenge the industry.
Corporations bought a record 31.1 GW of clean energy through power purchase agreements (PPAs) in 2021, up nearly 24% from the previous year’s record of 25.1 GW. That’s according to research firm BloombergNEF (BNEF).
New York Governor Kathy Hochul announced that the New York Power Authority (NYPA) Board of Trustees has approved economic development awards to three companies that will create 79 new jobs and spur nearly $46 million in capital investments.
Sempra Infrastructure signed a memorandum of understanding (MOU) with Entergy Louisiana to develop renewable energy to power Sempra Infrastructure’s facilities in the state, including the Cameron LNG liquefied natural gas export facility.
Entergy said that a proposed expansion of the export facility could represent additional renewable energy capacity of around 900 MW.
TransAlta asked Alberta regulators for approval to build a 180 MW/360 MWh battery energy storage system on land that is part of the Ghost Hydro-electric facility near Cochrane, Alberta.
The utility said it plans a two-phase approach to construction with Phase 1 constructed, energized and tested by the end of 2023, prior to the construction of Phase 2. The project has an estimated cost of C$120 million ($95 million). The second phase could enter service in 2025.
The Minnesota Public Utilities Commission said January 20 that it would require Xcel Energy to implement new ways to review solar projects applying to connect to the grid while continuing to maintain reliability and safety standards.
As part of the Commission’s decision, Xcel will pilot group application reviews, roll out a customer cost sharing proposal for system upgrades, and report back to the Commission on its progress.
Consulting firm Wood Mackenzie released analysis saying California’s newly proposed net metering tariffs would cut the state’s residential solar market in half by 2024.
The California Public Utilities Commission (CPUC) proposal, known as NEM 3.0, would reduce payments granted to rooftop solar customers for the excess power they generate, which is known as net metering.
California’s Pacific Gas and Electric (PG&E) is proposing to add nearly 1,600 MW/6,400 MWh of battery energy storage across nine projects in the state.
The energy storage projects would come online between 2023 and 2026, coinciding with the expected retirements of gas plants in southern California and PG&E’s Diablo Canyon Nuclear Power Plant.
A malfunctioning heat suppression system caused the incident that damaged Vistra Corp.’s Moss Landing Energy Storage Facility in California, according to investigative findings released by the company.
Moss Landing Phase I (300 MW/1,200 MWh) has been offline since the September 4, 2021 incident. Responding emergency crews that day found scorched battery racks and melted wires.
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