Tag: energy storage
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NineDot raises $225 million for battery energy storage projects | Solar Financing Spotlight
Energy storage takes center stage in the latest edition of the Solar Financing Spotlight, as NineDot Energy, RedoxBlox and Key Capture Energy have secured funding for upcoming projects. Meanwhile, Sunlight Financial and Altus Power are making moves on the investment, sales and acquisition front. Community-scale battery energy storage systems (BESS) developer NineDot Energy has secured……
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Report: U.S. energy storage installations set new record in Q3 2023
The U.S. storage market hit a new high in the third quarter of 2023, installing the most capacity in a quarter to date with 7,322 MWh becoming operational. As outlined in the American Clean Power Association (ACP) and Wood Mackenzie’s latest US Energy Storage Monitor report, the U.S. grid-scale segment saw quarterly installations increase 27% quarter-on-quarter (QoQ) to……
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EnerVenue unveils Energy Rack to enhance storage solutions at scale
EnerVenue has launched the Energy Rack, a pre-assembled solution to enhance energy storage density while reducing integration costs. Each rack consists of fully integrated Energy Storage Vessels (ESVs) in 150 and 102 kWh configurations. The racks can be flexibly combined as storage requirements evolve. “Stationary energy storage customers want easily scalable battery architecture, straightforward installation, and a……
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Kentucky approves utility-scale solar buildout amid retirement of fossil fuel power plants
The Kentucky Public Service Commission (PSC) has approved a major solar energy buildout while also reducing fossil fuel consumption in the state. The PSC issued a landmark decision on Nov. 6 in a case brought by Louisville Gas & Electric and Kentucky Utilities Co. (LG&E-KU). The order will have major long-term impacts not only for……
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Intersect Power energizes 679 MW, 1 GWh Oberon Solar + Storage project in California
Intersect Power LLC has begun commercial operations of its Oberon Solar + Storage project in Riverside County, California. The Oberon project generates 679 MWp/500 MWac of solar energy and features 250 MW/1 GWh of co-located storage. The Oberon project aligns with the priorities of the Inflation Reduction Act (IRA) by using American-made equipment and paying……