The agreement will provide enough electricity to power more than 163,000 homes and avoid 669,000 metric tons of carbon emissions annually.
In a recent report, researchers at NREL estimated that the potential exists to increase U.S. renewable energy storage capacity by as much as 3,000% percent by 2050.
A wave of pilot programs by Minnesota electric cooperatives is saving customers money and providing useful data for larger utilities considering new technology and pricing models to encourage grid efficiency.
Long-duration thermal energy storage developer Malta raised $60 million in its oversubscribed Series B financing round with added support from Chevron Energy Ventures and Piva Capital.
South Korean lithium-ion battery system manufacturer Kokam has entered into a contract to supply a Tahiti utility with a 15 MW/10.4 MWh battery energy storage system (BESS).
Broad Reach Power owns 13 gigawatts of utility-scale solar and energy storage power projects in Montana, California, Wyoming, Utah, and Texas.