Tagged * Renewable Energy™

Solar PV and energy storage prices ‘soared’, NREL market report says

By Renewable Energy World The National Renewable Energy Laboratory (NREL) released its annual cost breakdown of installed solar photovoltaic (PV) and battery storage systems. U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks, With Minimum Sustainable Price Analysis: Q1 2022 details installed costs for PV and storage systems as of the first quarter (Q1) of…

Leeward Renewable places 100 MW solar + storage project in service

By Renewable Energy World Leeward Renewable Energy said it completed construction and started operations of its 100 MW Rabbitbrush Solar Facility in Kern County, California. The project includes a 20 MW, 50 MWh battery energy storage system. Energy generated by the project will serve two not-for-profit, community-owned electricity providers, Central Coast Community Energy and Silicon…

Buzz around zinc ion batteries may be overstated, researchers say

By Renewable Energy World A recent study by Canadian and U.S.-based researchers suggests that zinc-ion battery chemistry for grid-scale energy storage may face more challenges than is widely believed. Aqueous zinc ion battery (AZIB) chemistry has been identified as a promising technology for grid storage based on its use of zinc, a key sustainable metal,…

Siemens unit invests in li-ion battery maker KORE Power

By Renewable Energy World Idaho-based lithium-ion battery producer KORE Power said it closed on an initial $75 million tranche of a private placement anticipated to total $150 million. Siemens Financial Services was the lead investor. It was joined by Quanta Services, Nidec Motor Corp., Honeywell Ventures, Trog Hawley Capital and an unnamed utility-scale energy storage…

Activate expands its solar-focused real estate portfolio

By Renewable Energy World Texas-based Activate Renewables, which acquires real estate and royalty interests in wind, solar and energy storage, said it closed on the purchase of a renewable energy real estate portfolio owned by Alchemy Renewable Energy. The portfolio consists of the real estate related to five solar projects located in North Carolina and…

Enel launches retail energy business for C&I customers

By Renewable Energy World Enel North America said it launched a retail energy business in Texas with a focus on commercial and industrial customers. The venture aims to enable customers to buy renewable energy directly from Enel’s generation assets without having to make a long-term financial commitment through a more conventional power purchase agreement (PPA)….

Leeward Renewable lines up financing for two solar pv projects

By Renewable Energy World 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. MUFG served as the green…

ComEd plans to test hyper-local BESS in outage-prone areas

By Renewable Energy World 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…

Port projects to support offshore wind gain federal financial backing

By Renewable Energy World 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….

Using Tesla Megapacks, Pillswood energy storage enters service

By Renewable Energy World 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…

Swell Energy raises $120M for virtual power plant deployment

By Renewable Energy World 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. The funding is expected to support…

Small modular reactor waste analysis report

Small modular nuclear reactors, which offer greater flexibility and lower upfront cost than large nuclear reactors, have both some advantages and disadvantages when it comes to nuclear waste generation. Read Full Article Here For more great articles: Renewable Energy News — ScienceDaily

CSI Energy Storage to provide batteries to UBS projects in ERCOT

By Renewable Energy World 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. In July,…

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