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🔋 Texas is gearing up for a green energy revolution with Intersect Power's new grid batteries! 🌿 By 2024, three massive battery installations will add nearly 1 gigawatt-hour of storage capacity, supporting Texas' rapidly expanding energy storage market. Intersect Power's CEO, Sheldon Kimber, is leading the charge: "We're ramping our battery growth much more quickly than we thought we ever would," showcasing their commitment to clean energy solutions. These projects, including Lumina I, Lumina II, and Radian, will store solar power and provide critical flexibility to Texas' energy grid. 🔌 ☀ According to Kimber, "The Texas projects secured $837 million to advance our storage plans," highlighting the scale of investment driving clean energy innovation in the state. These initiatives not only enhance grid reliability but also pave the way for future advancements in sustainable energy technologies. Stay tuned as Texas accelerates towards a greener and more resilient energy future! 🚀 #CleanEnergy #EnergyStorage #GreenTech #RenewableEnergy #TexasEnergy #GridBatteries https://lnkd.in/e2fE5NSk

The article below outlines how Solar installations will account for almost all growth in U.S. power generation this year, according the U.S. Energy Information Administration. Solar installations will account for “almost all growth" in U.S. power generation in 2024-2025, increasing solar’s share of power production from 4% in 2023 to 5.6% this year and 7% in 2025 With interestingly Utility-scale solar installations rising due to back of tax credits. Especially in markets, such as Texas' ERCOT, California's CAISO and the large eastern PJM network. Although Grid connections may continue to prove a challenge, Developers and EPC are confident of seeing a high growth scenario from 2024 to 2028, especially in emerging markets such as Florida. #EPC #Solargrowth #BESS

Numerous renewable energy investment opportunities available in Efficient Markets, via RenovaNexa and Government Resources. Sealed bid listings currently hosted by RenovaNexa: Solarstone Limited - Eastern Colorado Energy Center - 30 MW Solar PV + 60 MW / 180 MWh BESS - Location: Kit Carson County, Colorado - Bidding Closes: September 30, 2024, 4:00 PM (CT) Clean Royalties Generation, LLC - ISO New England - Community Solar Portfolio (3 MW) - Locations: Addison, Caledonia, Chittenden, Washington, Windham, and Windsor Counties, Vermont - Bidding Closes: October 31, 2024, 4:00 PM (CT) Black Mountain Energy Storage II, LLC - ERCOT - Battery Storage Portfolio; 750 MW x 2h Capacity - Locations: Bell, Calhoun, Harris, Lampasas, and Martin Counties, Texas - Bidding Closes: October 31, 2024, 4:00 PM (CT) Government Resources is facilitating a geothermal energy lease sale for the Bureau of Land Management (BLM), featuring 66 parcels covering 200,000+ acres in Nevada. This offering ends October 8. Interested in learning more? DM me or visit www.efficientmarkets.com for details. #Sustainability #CleanEnergy #RenewableEnergy #SolarEnergy #BatteryStorage #GeothermalEnergy #InvestmentOpportunities #EnergyTransition #CleanTech #GreenEnergy

AES Indiana, Pike County government officials and community leaders Thursday celebrated the announcement of approximately $1.1 billion in investments over the next two years to convert Petersburg Generating Station Units 3 and 4 from coal to natural gas, pending approval from the IURC — and two new projects, including solar and battery storage. The Pike County Battery Energy Storage System and the Petersburg Energy Center will add 250 megawatts of solar and 180, megawatt-hours of battery storage to AES Indiana's portfolio, creating approximately 300 jobs during construction and generating approximately $40 million in taxes and benefits for Pike County over the next 20 years, the utility reported. Conversion of the two remaining coal units at its Petersburg Generating Station to natural gas will be completed by the end of 2026, when AES Indiana anticipates being the first utility in Indiana out of coal, pending approval of the project from the IURC. The project is part of AES Indiana's 2022 Integrated Resource Plan, which includes transitioning coal-powered units to natural gas and adding wind, solar and battery storage capacity over the next five years. The Petersburg Energy Center, a 250 MW solar and 180 MWh energy storage facility, is under construction and expected to be operational by the end of 2025. The Pike County Battery Energy Storage System, when completed, can store and deliver up to 200 MW of electricity for four hours, which can help meet energy demand during peak times. It will be one of the largest battery energy storage systems in the Midcontinent Independent System Operator — AES Indiana's grid operator — footprint. To save energy & cost for your business, contact me at https://buff.ly/2EjAMbu. #Reliability #EnergyStorage #EnergyEfficiency #Renewables #EnergyAudit #Procurement #Resilience https://buff.ly/4dEBpKi

The Gemini solar-plus-storage project, a monumental stride in the U.S. clean energy transition, is now operational near Las Vegas, Nevada. Boasting 1.8 million solar panels and a 380 MW battery storage system, it's set to meet a whopping 10% of Nevada's peak power demand. This project is not just about power; it's a testament to innovative ecosystem management, reducing typical solar plant footprint by over 20% while generating up to 690 MW of energy. Financed by a groundbreaking $1.9 billion deal, Gemini has created around 1,300 jobs and contributed approximately $463 million to the local economy. With a 25-year power purchase agreement with NV Energy, this project is a beacon of sustainable development, powering the present and illuminating the future. Read More: https://lnkd.in/gUsBXqKz #solar #solarpower #bess #energystorage #sinovoltaics #innovativeinsider #QualityAssurance #QA

Texas adds record amount of battery storage to grid — and more is on the way: “As the Texas grid was closing out a record year for new battery storage projects across the state, it was eyeing a flood of plans for additions that will dwarf 2023’s totals.” “Since April, the Electric Reliability Council of Texas has received applications for battery projects that would add 50,000 megawatts of storage capacity to the power grid it operates.” “The grid operator is anticipating adding 25,000 megawatts of battery power in 2024 and more than 40,000 megawatts in each of the next two years.” “In late December, Austin-based Jupiter Power announced a $65.5 million financing agreement to build a 200-megawatt battery site in Houston. The next day, On.Energy announced that it had closed on a $40 million financing deal to build its own sites near Houston.” “One fast-growing company, Enel North America, said it tripled battery capacity in Texas in 2023, ending the year with 523 megawatts of storage. And it was planning to add 823 megawatts this year.” “Battery storage and solar power projects make up the largest percentage of power projects ERCOT has in its queue awaiting approval to be added to the grid. That’s even as the state is adding new incentives for construction of natural gas power plants. But battery sites are typically less expensive and faster to build. They also can charge off the grid when the cost of power is low or can store power from renewable sources such as solar and wind.” “In addition to the influx of applications for battery sites, ERCOT has received applications for 7,700 megawatts in natural gas generation. Vegas said he hopes that will increase as a new incentive program for such projects comes online.” #energyindustry #batterystorage #texasgrid #ercot #texas #energyandpower #batterytechnology #batterystoragetogrid

Declining prices for Battery Energy Storage Systems (BESS) are shifting the financial dynamics of the renewable energy market. As BESS becomes more affordable, projects previously on the fringe of profitability are now seeing improved internal rates of return (IRR), enticing investors. This cost reduction not only catalyzes the broader adoption of energy storage technologies but also integrates seamlessly with renewable sources like solar and wind, enhancing grid reliability and sustainability. Such economic shifts underscore the growing importance of energy storage in achieving a balanced and resilient energy infrastructure. Explore this development further on Energy Storage News. #EnergyStorage #RenewableEnergy #EconomicShift #BESS #GridReliability #Sustainability https://lnkd.in/efsWdmbZ

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced a $71 million investment, including $44 million for research, development, and demonstration projects on two major thin-film photovoltaic (PV) technologies. Projects will help enable domestic manufacturing of affordable solar hardware, increase the portion of solar hardware value kept in the U.S. economy, and promote American leadership of thin-film PV technologies. First Solar, the only US-headquartered company among the world's ten largest solar manufacturers, has been awarded $15M for the project titled 'High-Density Interconnect Technology for CdTe PV Modules' and another $6M for the project titled 'High‐Performance Tandem Modules Based on Wide‐bandgap FAPbI3 Perovskites and Narrow‐bandgap CI(G)S Bottom Cells'. Truly a recognition of the exciting work happening at First Solar and the contributions of all the brilliant minds behind these projects. #cleanenergy #firstsolar #departmentofenergy #solar #madeinUS First Solar ❤️ https://lnkd.in/gq-Yzwzg

Why won’t PJM let batteries and clean power bolster a stressed-out grid? The country’s biggest grid operator is preventing developers from adding batteries to existing projects that have extra grid space, in defiance of a federal mandate. PJM, the largest electric grid operator in the U.S., has a major problem — old, dirty power plants are closing down faster than new clean energy resources can replace them. This mounting grid crisis is already driving up electricity costs for the 65 million people living in PJM’s territory, which stretches from the mid-Atlantic coast to the Great Lakes. By the end of the decade, the situation could become so dire that it threatens the reliability of PJM’s grid. EDP Renewables’ Meadow Lake I wind farm in Illinois. Grid operator PJM denied a plan from the developer to add solar to the project to boost its energy output. (EDP Renewables) PJM, the largest electric grid operator in the U.S., has a major problem — old, dirty power plants are closing down faster than new clean energy resources can replace them. This mounting grid crisis is already driving up electricity costs for the 65 million people living in PJM’s territory, which stretches from the mid-Atlantic coast to the Great Lakes. By the end of the decade, the situation could become so dire that it threatens the reliability of PJM’s grid. The blame falls in large part on PJM’s worst-in-the-nation grid-interconnection backlog. New energy projects looking to come online in its region face yearslong wait times before they’re even considered. #energy #electricity #power #windpower #electricpower #transmission #electricenergy Source: https://lnkd.in/gjDi7JCn

The US awards $2.2 billion to expand and strengthen the grid Solar energy powering grid Source: Shutterstock The US Department of Energy (DOE) today announced a $2.2 billion investment in the grid to create resiliency and growth. The money will be put toward eight projects across 18 states to help protect the grid against extreme weather events, lower costs for communities, and create additional capacity to meet load growth, which the DOE cites as “stemming from an increase in manufacturing and data https://lnkd.in/gvv4SW3i