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At a time of nearly unprecedented legislative gridlock on Capitol Hill, there are too few policies that have the bipartisan support and national importance necessary to move through Congress. But one of those policies has received the backing of key congressional constituencies and could revolutionize the energy grid as we know it. This Op/Ed from Kelly Speakes-Backman and Heather Reams describes the need for a stand-alone storage investment tax credit.
The Nevada Public Utilities Commission on Dec. 4 approved NV Energy’s Integrated Resource Plan, including three solar projects totaling 1,190 MW and 590 MW of energy storage capacity. All of the new projects will be located in southern Nevada and are planned to be online by 2024. The utility last year committed to doubling its renewable energy resources by 2023 and says it is on track to meet that goal. The largest of the projects is Quinbrook Infrastructure Partners’ Gemini solar+storage project. The company says it is believed to be one of the largest projects of its kind globally, with capital expenditures expected to top $1 billion.
Sunnova Energy International Inc. has expanded its Sunnova SunSafe 1 solar+battery storage system offering into Florida, making the state the 13th market where Sunnova now offers SunSafe. Sunnova also announced the addition of a 15-year financing plan for add-on solar battery storage. This offering is immediately available in all existing Sunnova SunSafe markets.
Oak Ridge researcher Michael Starke has been leading a project supported by the Office of Electricity’s Energy Storage Program to create and enhance controls for second-use battery energy storage, including testing of a 15 kilowatt system at a Habitat for Humanity home site in North Carolina. Testing is also taking place at an Oak Ridge research house in a neighborhood near the lab.
Ørsted on Wednesday announced plans to build a 460-megawatt solar-plus-storage project in West Texas, near existing oil and gas infrastructure in the Permian Basin. The storage facility will be relatively modest in size by the standards of the latest projects, at 40 megawatts with one hour of capacity, running alongside a 420 MW AC solar array.
South Korea’s LG Chem said it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors. The facility, expected to be located in the Lordstown area of Ohio, would see an investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each. A GM-LG plant could be the first unionized battery factory in the U.S. Teslas factory and LG Chems battery factory in Michigan do not have unions.
US regulators gave energy storage a boost with recent approvals of tariffs filed by grid operators that create standardized ways of offering the resource to wholesale markets. Approved for some grid operators in late October and others last week, the tariffs are a response to a previous Federal Energy Regulatory Commission (FERC) order seeking fair treatment of energy storage in wholesale markets.
New York’s utility regulator has approved construction on a 316-megawatt battery storage plant, a facility that, if built, would provide emissions-free power to New York City and the surrounding region while replacing a significant portion of the city’s fossil-fueled energy. Known as the Ravenswood Development, the project aims to provide 2,528 MWh of power and would operate during peak hours, with enough storage capacity to discharge 8 hours of power during the hours of highest demand.
The Commonwealth of Massachusetts is likely to fall short of its greenhouse gas emission goals if it cannot implement utility-scale storage, according to a new study. More than 70% of the state’s two pumped-hydro storage facilities — with a collective capacity of around 1,800 MW — is currently unutilized due to the lack of market incentives, according to researchers. The lack of utility-scale storage could mean that the state’s grid remains “dirty” even with a high penetration of renewables.
NV Energy received approval from state regulators to add three solar projects in Southern Nevada that should generate enough electricity to power 230,000 homes. On Wednesday, the Public Utilities Commission of Nevada approved NV Energy’s Integrated Resource Plan, which would add 1,190 megawatts of solar renewable energy projects to the state, as well as an additional 590 megawatts of energy storage capacity.
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