Tag: energy storage
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FlexGen streamlines energy storage site upgrade process to meet regulatory standards
Battery energy storage and software provider FlexGen Power Systems Inc. has streamlined its process for upgrading its energy management system to meet the latest utility standards and power market regulations. The company’s solutions enable the successful installation of upgrades for energy storage owners, and helps reduce the average upgrade time by about 75%. The upgrades were completed……
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Agilitas constructs largest NWS energy storage system for Con Edison in NYC
Agilitas Energy has completed construction of the largest standalone, non-wires solution (NWS) energy storage system (ESS) in Con Edison’s New York City and Westchester County service area. The grid-scale project will help the utility company meet peak loads for customers with 4.8 MW and 23.7 MWh of capacity. Located in the Long Island City neighborhood……
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Arevon leverages IRA tax credits to build utility-scale solar peaker project in California
Arevon Energy Inc. is using $529 million package to build the Vikings solar-plus-storage project in Southern California. The project is one of the first utility-scale solar peaker plants in the United States. The company’s innovative financing approach combines the Inflation Reduction Act’s tax credit transferability provisions with traditional debt financing. Arevon has closed financing, securing……
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Longroad breaks ground on 377 MW Sun Streams 4 solar + storage project
Longroad Energy has started construction on the Sun Streams 4 project in Maricopa County, Arizona. The project will deliver 377 MWdc of PV and 300 MWac / 1,200 MWh of storage and is expected to achieve commercial operations by mid-2025. Longroad, a U.S.-based renewable energy developer, owner and operator, recently closed on the financing for……
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First Citizens, Spearmint Energy funding battery storage projects | Solar Financing Spotlight
First Citizens Bank is helping to fund a 200 MW energy storage project in California, while Spearmint Energy has secured tax equity for a 150 MW storage project Texas. Learn more about these initiatives along with other funding news in our latest Solar Financing Spotlight. To start off, First Citizens Bank’s Energy Finance business has served……