The global energy storage market is projected to grow to $546 billion by 2035, according to a report from Lux Research. One of the largest markets will likely be residential energy storage, with an expected compound annual growth rate of 76% and $8 billion revenue increase over the next three years. Analyst Chloe Holzinger, one […]
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Enel Green Power has started operations at the 245 MW second phase of its Roadrunner solar plant in Upton County, Texas. The overall 497 MW project is the largest operational solar farm in Texas and the company’s largest in the U.S. “Our engineering and construction team executed on a project of monumental scale in record […]
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BrightRidge is partnering with Silicon Ranch to build a 9 MW solar farm – The Martin Solar Farm – in western Washington County, Tenn., under the flexible terms of BrightRidge’s new 20-year partnership agreement with the Tennessee Valley Authority (TVA). Historically, local power companies (LPCs) were required to sell all electricity they generated directly to […]
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DTE Energy has updated its MIGreenPower voluntary renewables plan with the Michigan Public Service Commission (MPSC). The plan includes bringing online an additional 420 MW of solar energy by 2022. The new solar assets will source clean energy purchases from corporate, municipal and industrial customers participating in the company’s MIGreenPower program. If the MPSC approves […]
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Illinois American Water, the largest investor-owned water utility in the state, is working with Sol Systems to develop two solar fields. The energy-saving photovoltaic (PV) fields will be located on Illinois American Water property in Champaign. The PV fields, which convert light to usable energy, will be the largest of their kind within American Water’s […]
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Black & Veatch, a company that specializes in power infrastructure engineering, procurement and construction (EPC) services, has named Paul Skurdahl as senior vice president and director of solar energy within the company’s rapidly growing power business. Backed by more than 35 years in the power industry, including over 15 years in renewables, Skurdahl joins the […]
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NextEra Energy Resources LLC, a wholesale generator of electric power, has highlighted a suite of clean energy storage developments in California that could nearly double the total installed capacity of battery storage available in the U.S. today. The company plans to build nearly 700 MW of fully-contracted battery storage projects in California before the end […]
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The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy policies […]
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EnerVenue, a company that specializes in metal-hydrogen batteries, has launched with $12 million in seed funding. The investment enables EnerVenue to accelerate the development of its safe, maintenance-free and cost-efficient clean energy storage solution. Based on technology proven over decades under extreme aerospace conditions – including powering the International Space Station and Hubble Space Telescope […]
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The 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets, according to Frost & Sullivan’s recent analysis, Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030. Falling costs and renewable-friendly energy policies […]
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Wasatch Energy Group and sonnen have committed to deploying a series of residential virtual power plant (VPP) projects in California. The Wasatch California VPP Fleet I and II will outfit some 3,000 residential apartment homes with solar generation and sonnen intelligent battery energy storage. In aggregate, the project is set to become the largest apartment-community-based […]
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First State Investments (FSI), a global investor in infrastructure, and Energy Capital Partners (ECP), a power and renewables private equity investor, say FSI is acquiring a 40% stake in Terra-Gen from ECP. The terms of the agreement were not disclosed. Terra-Gen, based in New York, develops, constructs and operates utility-scale wind, solar, energy storage and […]
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