Sempra Energy on April 22 marked its complete exit from the U.S. renewables business as it completed the sale of 724 MW of operating wind generation and battery assets to American Electric Power (AEP) for $1.05 billion. The San Diego–headquartered utility holding company, which says it has the largest U.S. customer base, said the move […]
Duke Energy on April 17 announced it will develop six utility-scale solar power projects in North Carolina, among 14 solar projects chosen as part of the state’s Competitive Procurement of Renewable Energy (CPRE) program. The 14 projects—10 in North Carolina and four in South Carolina—could cost as much as $772.5 million to build according to […]
Legislation recently introduced in the U.S. House that would expand the federal solar investment tax credit (ITC) to energy storage technologies has gained the backing of major trade groups representing the solar, hydropower, and wind sectors. The Energy Storage Tax Incentive and Deployment Act (H.R. 2096), introduced on April 4 by Reps. Mike Doyle (D-Pa.), […]
The Department of Energy (DOE) unveiled a slate of measures to help U.S. hydropower thrive as costs for wind and solar plummet. Measures will include a roadmap to identify hydro’s value in a future grid, and a first-of-its-kind prize designed to encourage innovative and faster pumped storage construction techniques. In her opening speech at Waterpower […]
Florida Power and Light Co. (FPL) has been building new solar farms and bringing gigawatts of new natural gas-fired generation capacity online in recent years. Now the utility has announced what it calls the world’s largest solar-powered battery storage system. FPL on March 28 said the Manatee Energy Storage Center, a 409-MW/900-MWh battery storage facility, […]
India’s first grid-scale battery-based energy storage system was launched in February. The 10-MW system is owned by AES Corp. and Mitsubishi Corp., and operated by Tata Power Delhi Distribution Ltd. (Tata
Depending on the deployment location and competing energy prices, photovoltaic solar panels are among the most cost-effective power solutions being added to the grid today, often without subsidies and other incentives. The revelation came during a panel discussion—which included several CEOs from the power sector—that took place at the Bloomberg New Energy Finance (BNEF) Summit […]
The January agreement between GE and Japan’s Sumitomo Corp. for a 1.8-GW combined cycle power plant in the United Arab Emirates (UAE) is part of the country’s commitment to increasing its power generation
Eight years after Germany decided it would halt nuclear power production by 2022, the country that relied on lignite and hard coal for 38% of its generated power in 2018 will phase out coal by 2038 or earlier
Battery storage technology has moved in fits and starts, but today experts note that rapid advances make it difficult for safety standards to keep pace. Developers of storage systems are designing projects to
