By 2045, California will require the deployment of up to 55 GW of long-duration energy storage (LDES) to support its 100% clean electricity goals. This quantity represents over a 150 fold increase in the amount of energy storage deployed in the state since 2010. By 2030, the state will require 2-11 GW of new operational LDES, according to a recent study from the California … [Read more...] about California’s Current Energy Storage Capacity Falls Short of the Mark
Solar
CIT Coordinates Financing for 7X Energy’s Taygete Energy Project
CIT Group Inc. says its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250 MW Taygete I Energy Project owned by 7X Energy Inc., a utility-scale solar developer, owner and asset manager. Located in Pecos County, Texas, construction on the project was completed by Swinerton Renewable Energy with full energization to be complete … [Read more...] about CIT Coordinates Financing for 7X Energy’s Taygete Energy Project
Summit Ridge, NT Solar Close on Community Solar Partnership
Summit Ridge Energy (SRE), an owner-operator of U.S. community solar projects, and NT Solar, a subsidiary of the National Trust Community Investment Corp. (NTCIC), have closed on a tax equity partnership to finance 11 community solar projects, comprising 27 MW DC, across Illinois and Maryland. The portfolio is expected to be placed in service before the end of the … [Read more...] about Summit Ridge, NT Solar Close on Community Solar Partnership
Panasonic Launches New Line of Modules to Compliment EverBolt Storage System
Panasonic Corp. of North America has unveiled its new EverVolt Solar Modules series with the introduction of four new modules designed to accompany its EverVolt Battery Storage system. Panasonic says the EverVolt Solar Modules provide advanced efficiency and performance – even in high temperatures – as well as exceptional degradation rates and are backed by the … [Read more...] about Panasonic Launches New Line of Modules to Compliment EverBolt Storage System
BloombergNEF: Residential Solar Installations Continue at Record Pace
Global demand for home solar has soared this year, according to recent Bloomberg New Energy Finance (BloombergNEF) research. BloombergNEF reported that U.S. residential solar installations were 21% higher during the first seven months of this year than the same period in 2019. BloombergNEF attributed the demand to Americans on pandemic lockdown becoming more conscious … [Read more...] about BloombergNEF: Residential Solar Installations Continue at Record Pace