Plus Power’s Post

Another day, another tax equity investment for Plus Power :) This one is $82 million from Morgan Stanley For those keeping track, add this to the roughly $2 billion in debt and tax equity raised by Plus Power since last October for its battery projects in Texas and Arizona. #energystorage #batteries #batterystorage

“Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix,” said Frank Macchiarola, ACP (American Clean Power Association) chief policy officer. “This industry will serve as the backbone of our modern grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources.” https://lnkd.in/gMFQifQd Elevate Renewables™ is actively developing a pipeline of utility-scale energy storage projects which are co-located at existing power generation facilities owned by Arclight Capital Partners throughout the US.  Elevate is also active in energy markets throughout the US where the rapid growth of intermittent renewable energy, such as solar, wind and offshore wind, has created a need for flexible, dispatchable renewable energy which can uniquely be met by utility scale battery storage. The Company is focused on enhancing the resiliency, reliability, and efficiency of the nation’s aging and overtaxed power grids in a way that benefits the planet, their stakeholders, and the broader communities in which these facilities currently operate. For more information, visit: ElevateRenewableEnergy.com #energytransition #batterystorage #gridstability #BESS #dispatchablegeneration #renewableenergy

“Energy storage deployment is growing dramatically, proving that it will be essential to our future energy mix,” said Frank Macchiarola, ACP (American Clean Power Association) chief policy officer. “This industry will serve as the backbone of our modern grid. As we continue to build a strong domestic supply chain, streamlined permitting and evolving market rules can further accelerate the deployment of storage resources.” https://lnkd.in/gMFQifQd Elevate Renewables™ is actively developing a pipeline of utility-scale energy storage projects which are co-located at existing power generation facilities owned by Arclight Capital Partners throughout the US.  Elevate is also active in energy markets throughout the US where the rapid growth of intermittent renewable energy, such as solar, wind and offshore wind, has created a need for flexible, dispatchable renewable energy which can uniquely be met by utility scale battery storage. The Company is focused on enhancing the resiliency, reliability, and efficiency of the nation’s aging and overtaxed power grids in a way that benefits the planet, their stakeholders, and the broader communities in which these facilities currently operate. For more information, visit: ElevateRenewableEnergy.com #energytransition #batterystorage #gridstability #BESS #dispatchablegeneration #renewableenergy

HENRICO, VA - Dominion Energy proposes ‘pioneering’ battery storage technologies in Eastern Henrico In a filing Monday with the Virginia State Corporation Commission, Dominion Energy Virginia proposed what company officials are calling a groundbreaking battery storage pilot project that they believe could significantly increase the length of time batteries can discharge electricity to the grid. The Darbytown Storage Pilot Project will test two new technologies as potential alternatives to traditional lithium-ion batteries, both of which could offer strengthened safety features for battery storage. One of the technologies could discharge energy for multiple days. The batteries in the company’s fleet and across the U.S. have durations that, on average, are limited to four hours or less. The proposed project comes as the company is developing the largest offshore wind project in the U.S. and continuing to expand the second-largest solar fleet in the nation. “We are making the grid increasingly clean in Virginia with historic investments in offshore wind and solar,” said Ed Baine, president of Dominion Energy Virginia. “With longer-duration batteries in the mix, this project could be a transformational step forward, helping us safely discharge stored energy when it is needed most by our customers.” The pilot project, which will be located at the existing Darbytown Power Station in Henrico County, will test two alternatives to lithium-ion batteries: iron-air batteries developed by Form Energy and zinc-hybrid batteries developed by Eos Energy Enterprises. Form Energy’s iron-air technology has the potential to discharge energy for up to 100 hours, significantly longer than the batteries available on the market today. “We are pleased to partner with Dominion Energy on the innovative Darbytown Storage Pilot Project and look forward to delivering a 100-hour iron-air battery system that will enhance grid reliability and provide Dominion’s Virginia customers with access to wind and solar energy when and where it is needed over periods of multiple days,” Form Energy’s co-founder and CEO Mateo Jaramillo said. #escrowcredirt #newmarktitleservices https://lnkd.in/eMxhXz4W

Entergy and NextEra Energy, Inc. plan 4.5GW of solar and storage projects The joint development agreement is a step towards expanding Entergy’s renewable energy portfolio. Entergy utility operations group president Rod West stated: “We’re excited about this joint development agreement, which will enable Entergy to provide our customers with low-cost, renewable energy as demand grows across Arkansas, Louisiana, Mississippi and Texas.” NextEra Energy Resources president and CEO Rebecca Kujawa stated: “We believe the power sector is at an inflection point, and growing electricity demand will be met by low-cost, renewable generation and storage. “We’re pleased to reach this agreement because it further strengthens our long-standing collaboration and adds up to 4.5GW on top of the more than 1.7GW of renewable energy projects already underway with Entergy.” For the full article click the link below: https://lnkd.in/escNMXz3

I am excited to announce that NextEra Energy Resources has entered into a joint development agreement with Entergy to accelerate the development of up to 4.5 gigawatts of new storage and renewable energy projects. This collaboration represents a significant milestone in advancing Entergy's renewable generation portfolio. The power sector is at an important inflection point. We expect the significant new energy demand to be met primarily with renewable generation and storage, and this agreement will enable Entergy to provide customers across Arkansas, Louisiana, Mississippi and Texas with low-cost, reliable energy solutions. It's a great example of how collaboration can help meet the rapidly increasing demand for energy. Together, we are powering the growth in the American economy. #cleanenergy #renewables #storage

I Squared Capital announced today that it has signed an agreement to acquire, in an exclusive transaction, up to 95 percent of Absolute Energy an investment platform focused on renewable energy and broader energy transition technologies. I Squared plans to invest up to €400 million into the company for the development and construction of a 3.0-gigawatt pipeline of solar photovoltaic, wind and storage projects to deliver low-cost, clean power and promote energy security in Italy. The platform will also target adjacent technologies that address the challenges of intermittent power generation, such as battery storage, grid stability and clean fuels. The transaction advances I Squared’s strategy to support the global energy transition by investing in, developing, and scaling assets and technologies that accelerate the transition to a low carbon energy system. #energytransition #renewables https://lnkd.in/eyu6DjxA

Corporate clean energy buying reached a record high last year, with many US companies leading the list of the world’s biggest buyers. Our Texas 67 MWp utility-scale solar facility is set to provide power to a Fortune 50 company. This project will provide the equivalent of enough power for 12,500 homes and is estimated to have a net positive economic impact of over $77 million to the local community. This partnership adds to our growing portfolio of dependable long-term agreements with corporate energy buyers, datacenter operators, e-fuels companies, utilities, and electric cooperatives to procure cost-effective clean energy products. Read more below. https://lnkd.in/egkfyPS5 #solarenergy #renewableenergy 

The Breezy Bulletin - Wednesday Edition 🍃 ⚡ 📰 NextEra Energy, Inc. (NEE.N) 2nd results beat Wall Street estimates on Tuesday as the world's largest wind and solar power firm benefited from strength in its renewable energy unit. The company gained from a clean energy investment push that has received strong policy support following the 2022 U.S. Inflation Reduction Act which includes major provisions for cutting carbon emissions. NextEra has also benefited from volatility in energy prices, with natural gas skyrocketing in 2022 after Russia cut supplies to Europe. NextEra Energy Operating Partners GP LLC (NEP.N), a limited partnership formed by NextEra Energy, said in May it would sell its natural gas pipeline assets to focus solely on renewables and meet real zero carbon emissions targets in 2025. The company's regulated utility business, Florida Power & Light (FPL), onboarded 66,000 more customers year-on-year, while its clean energy unit, NextEra Energy Resources (NEER), added 1,665 megawatts of new renewables and storage projects in the second quarter. "Wind resource performed significantly better than our expectations ... potentially highlighting NEER's diverse asset base and/or asset efficiency versus competitors," said RBC Capital Markets analyst Shelby Tucker. It's exciting to see a renewable energy company, outperforming market expectations. Do you think that green energy companies might be the next big stock market boom like tech recently was? 🤔 #thebreezybulletin #renewableenergy #offshorewind #offshorewindenergy #rebeccatherecruiter #stockmarket #cleantechnology #nexteraenergy