Tag: BESS
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DOE awards $1.2 million in funding for Energy Storage for Social Equity program
The U.S. Department of Energy’s Office of Electricity (OE) has announced approximately $1.2 million in funding for four organizations as part of its Energy Storage for Social Equity (ES4SE) initiative. ES4SE is designed to empower disadvantaged communities to consider energy storage technologies as a viable path toward achieving their energy goals. “These organizations are fully engaged with ES4SE to find energy storage……
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Strata begins operations on 2 ITC financed BESS sites under IRA
Strata Clean Energy has closed on all installments of tax equity financing for two standalone battery energy storage systems in Vermont. Strata partnered with United Community Bank (UCB) and Enhanced Capital on an $8.7 million investment for the Georgia and Springfield, Vermont, projects, each of which have 5 MW/10 MWh of storage capacity. The first installment……
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Duke Energy begins operating the largest battery system in North Carolina
Duke Energy is expanding its battery storage capabilities in North Carolina and has begun commercial operation of the state’s largest battery system, an 11 MW project in Onslow County. The battery system will frequently be operated in conjunction with an adjacent 13 MW solar facility located on a leased site within U.S. Marine Corps Base……
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Spearmint Energy expands BESS portfolio with 900 MW acquisition in Texas
Spearmint Energy has acquired a 900 MW portfolio of battery energy storage solutions (BESS) assets in Texas. Collectively known as Nomadic, the acquisition marks a significant expansion of Spearmint’s BESS portfolio and cements the company as the one of the largest battery energy storage developers in the state. Nomadic consists of three projects, each with……