Solar

Ormat Technologies Inc. has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas.  Ormat acquired the asset from Con Edison Development. Ormat’s wholly owned subsidiary, Viridity Energy Solutions Inc., will design, build, own and operate the 25 MW battery energy storage system (BESS) project. The project is co-located with an … [Read more...] about Ormat Acquires Shovel-Ready Texas Energy Storage Project

Con Edison and 174 Power Global have entered an agreement to install the largest battery storage project in New York on an industrial site in Astoria, Queens. The battery will be able to discharge 100 MW of electricity. 174 Power Global, which specializes in renewable energy projects, will build and own the battery system off 20th Avenue near the East River on land owned by the … [Read more...] about Con Edison, 174 Power Global Developing Queens Battery Storage Project

The U.S. Department of Energy (DOE) says it is investing up to $45 million in research to advance solar hardware and systems integration – including the creation of a consortium dedicated to developing control technologies for a modernized electric grid. While solar makes up 3% of U.S. electricity, that amount is expected to reach 18% by 2050 – requiring an increase … [Read more...] about DOE Allots Funding to Advance Solar Tech

State regulators are expected to release final rules soon for a new shared solar program expected to launch in 2023. During a summer 2019 visit to his vacation house in New York’s Adirondack Mountains, Scott Surovell clicked on an ad for community solar. He signed up in five minutes. Soon after, he learned that tapping into an off-property array would about cover his … [Read more...] about ‘Netflix for solar’: Virginia finalizing rules for solar subscription program

As the program ends, private solar lending will continue but low-income homeowners may be left behind. Massachusetts’ lauded solar loan program is drawing to a close this month, leaving behind a more robust solar financing market but also taking away a tool that lenders and installers say has been invaluable in bringing the benefits of solar power to underserved … [Read more...] about Massachusetts solar loans program leaves banks with confidence to lend