Maurice B. Shaw’s Post

“#Batterystorage deployment in Canada kicks into gear” “The deployment of #batteryenergystoragesystems (BESS) in Canada is picking up the pace, with the announcement of a 705 MWh #batterystoragesystem delivery to Nova Scotia by Canadian Solar’s #eStorage and various other projects in provinces across the country. However, this surge cannot come quickly enough says Energy Storage Canada.” JULY 11, 2024 - MARIJA MAISCH AND BLATHNAID O'DEA From ESS News “Canadian Solar’s e-Storage has secured a contract from Nova Scotia Power to develop the first #gridscalebatteryenergystorage projects across three locations in Nova Scotia, Canada.” “The projects, totaling 150 MW / 705 MWh DC and located in Bridgewater, Waverley, and White Rock, will play a major role in enhancing the #gridreliability and stability, while contributing to provincial and federal targets of achieving 80% #renewables by 2030.” https://lnkd.in/eP427E2W? Source- original post Read all my posts #MariusPreston

TC Energy in deal to sell Portland #NaturalGas for US$1.14bn 👉 Sale advances TC Energy plans to divest C$3bn of non-core assets in 2024. Read more 👉 https://lnkd.in/gEVvYRVU #NGW #energy

TC Energy in deal to sell Portland #NaturalGas for US$1.14bn 👉 Sale advances TC Energy plans to divest C$3bn of non-core assets in 2024. Read more 👉 https://lnkd.in/gEVvYRVU #NGW #energy

TC Energy in deal to sell Portland #NaturalGas for US$1.14bn 👉 Sale advances TC Energy plans to divest C$3bn of non-core assets in 2024. Read more 👉 https://lnkd.in/dArtXuJM #NGW #energy

Exciting news from the U.S. Department of Energy (DOE)! 🌟 $1.3 billion committed to develop three transmission lines, adding 3,500 MW to the grid and over 13,000 jobs. 1. Cross-Tie: 1,500 MW, Utah to Nevada, starts 2025. 2. Southline: 748 MW, New Mexico to Arizona, begins 2025. 3. Twin States: 1,200 MW, powering clean energy in Quebec and New England. At LONGi Solar, we're committed to a greener future. These projects align with our mission to drive clean energy innovation. Full article from pv magazine USA here: https://bit.ly/47hYlfa 💡🌍 #LONGiSolar #CleanEnergy #Infrastructure #Renewables

For Texas, an all-gas system makes a lot of sense in the current century. In fact, it makes more economic sense than a system with high levels of wind and solar infilled by underutilized and overworked gas fired capacity. But what makes the most sense long-term is a system with a balance of truly rival resources - nuclear, coal, and gas. Each fills a strata of load and is at least a partial (system adequacy contribution) substitute for the others, keeping fuel price advantage profiteering at a minimum while ensuring cost recovery for capacity resources, something the current regulated wholesale market system’s single clearing price energy auction design fails to do. The following article makes some valid points, but misses the mark on others.

Intersect Power is set to expand its footprint in Texas with $837 million in financing for three major battery installations. Expected to be operational by 2024, these projects will add nearly 1 gigawatt-hour of energy storage capacity, bolstering Texas' booming storage market. CEO Sheldon Kimber envisions a future where industrial facilities connect directly to massive solar and battery projects. While this vision is still on the horizon, Intersect Power is making significant strides with its Lumina I, Lumina II, and Radian battery projects. These installations will store solar power from Intersect’s Lumina and Radian projects, providing additional flexibility to the state. The financing includes construction and term debt from HPS Investment Partners, LLC and Deutsche Bank, along with tax equity from Morgan Stanley. Kimber emphasized the importance of battery storage, noting that it supports grid resilience and capitalizes on renewable energy's peak-to-trough energy arbitrage. #renewableenergy #energystorage #cleanenergy #intersectpower #texas #solarpower #sustainability #gridresilience #batterystorage #batterie #cleanenergytransition

financing + power trading = energy transition... excited that my team has provided financing to highview's long-duration energy storage asset and will be the route-to-market provider… #energytransition  #sustainablefinance #energystorage  #powertrading UK INFRASTRUCTURE BANK, CENTRICA & PARTNERS INVEST £300M IN HIGHVIEW POWER CLEAN ENERGY STORAGE PROGRAMME TO BOOST UK’S ENERGY SECURITY Today’s investment will enable the construction of one of the world’s largest long duration energy storage (LDES) facilities in Carrington, Manchester, using Highview Power’s proprietary LAES technology. Once complete, it will have a storage capacity of 300 MWh and an output power of 50 MWs per hour for six hours. Construction will begin on the site immediately, with the facility operational in 2026, supporting over 700 jobs in construction and the supply chain. Richard Butland, Co-Founder & CEO of Highview Power: “There is no energy transition without storage. The UK’s investment in world-leading offshore wind and renewables requires a national long duration energy storage programme to capture excess wind and support the grids transformation. UKIB and Centrica and our partners have today backed our ambitious plan to bring renewable energy storage into the UK economy at scale, liberating the potential of what is both the greenest and by far the cheapest energy source for the UK economy and provide energy security. Our first project in Carrington will be the foundation for our full scale roll-out in the UK and expansion with partners to share this British technology internationally.” Richard Gnodde, CEO of Goldman Sachs International said: “We are proud to partner with clients to drive the energy transition, by helping to scale the commercialisation of cutting edge energy storage technologies with financing and trading services”. Read more: https://lnkd.in/eTW_sYXs

Business owners will save on their energy bills at home thanks to Ofgem's new price cap in July. 𝗕𝗨𝗧 can they save on business energy too? #Ofgem #PriceCap #Energy #BusinessEnergy BusinessComparison

Congratulations to the NSW Government for releasing the Long-Duration Storage review, an important consultation for battery, pumped hydro energy systems (PHES) and gas projects in NSW. Long duration storage (LDS) is the missing link in the energy transition, and we need fit-for-purpose policy to unlock investment in NSW.  The review is seeking feedback on the minimum duration of LDS, mechanisms to encourage LDS and options to aggregate infrastructure, with responses due by 18 June. The review tends towards supporting shorter (4hr) duration, supporting batteries and gas (indirectly) in place of medium and deep storage. It is worth reading, and considering its likely impacts on gas and storage.  LDS projects provide system resilience to low probability, high-impact reliability events.  Clarity from this review and support from the government would give the industry greater certainty, enabling investment in LDS capacity to avoid locking in gas. In order for LDS projects to be ready when more renewables enter the market post 2030, strong investment signals need to be sent now. Stride will continue to assess the best options to provide investment certainty for clean LDS projects. https://lnkd.in/gcg6kjhv