Renewable Energy News

Softbank invests $110M in new energy storage system

2 дні 7 годин ago
Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.

Who will benefit from the surge in behind-the-meter battery installations?

4 дні 7 годин ago
The electric utility industry has been buffeted by two recent trends that threaten to upend the profitability, and in some cases the future viability of, those companies that are slow to adapt to a new, rapidly changing landscape. Specifically, in the past decade, the industry has had to grapple with both waning demand and the growth of distributed energy generation.

What is the future of the utility?

5 днів ago
Many of us are somewhat familiar with what an electric utility does. Our house receives electricity, and we get a bill in the mail each month for it. Here in North Carolina, that bill is likely coming from Duke Energy. In other parts of the country it may be PG&E or Dominion Power. For at least a century, these utility monopolies have built power plants, installed transmission and distribution lines, billed customers for their electricity use, and the utility made a predictable margin for their work.

BNEF says corporate energy market is strong

5 днів 16 годин ago
Coming on the heels of Gap’s announced 90-MW PPA with Enel Green Power, BloombergNEF released its 2H 2019 corporate energy market outlook in which it said that corporations signed contracts to purchase 8.6 GW of clean energy in 2019 through July, up from 7.2 GW at the same time last year.

Gap signs PPA for 90 MW of wind

6 днів 4 години ago
Global apparel retailer Gap Inc. announced that it has signed a 90-MW virtual power purchase agreement (VPPA) for the Aurora Wind Project with Enel Green Power North America, marking one of the largest offsite renewable energy contracts by an apparel retailer.

100 MW of solar and 10 MW of battery storage coming to San José CCA in 2022

1 тиждень 2 дні ago
This week, San José’s Community Choice Aggregator (CCA) which is called San José Clean Energy (SJCE) and EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), signed a 20-year power purchase agreement (PPA) for 100 MW of new solar energy capacity and 10 MW of battery storage at the Sonrisa Solar Park in Fresno County, California. The project is anticipated to be operational in 2022.
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