Load flexibility can deliver the same value as behind-the-metter batteries at a much lower cost, the author writes. We are in the middle of the most remarkable transformation in the history of the electricity grid — from dirty and centralized to clean, distributed, and digital. Many policymakers and pundits believe that if only we had […]
In U.S., Engie and Hannon Armstrong Form Multi-Gigawatt Renewables Partnership
The portfolio will stretch across five states and encompass both wind and solar projects. The North American arm of European energy giant Engie SA and climate-focused investor Hannon Armstrong announced Thursday they will partner on a 2.3-gigawatt portfolio of U.S. wind and solar projects slated for completion this year. The two will split equity ownership […]
WoodMac: How the Renewables O&M Market Is Adapting to the COVID-19 Crisis
Digital tools such as analytics and remote monitoring will get a boost as wind and solar plant operators draw lessons from the lockdown. Renewables generation has proven largely resilient during the COVID-19 pandemic. Even as global electricity demand has declined, wind and solar PV penetration continues its growth in many regions. In the U.S. — one […]
Engie Looking for More US Clean Energy Acquisitions: North America CEO
French power giant plans to ramp up investments into U.S. batteries, hybrid renewables and offshore wind — but gas plants are off the menu. Engie is on the lookout for more clean energy acquisitions in the U.S., where the company plans to ramp up its investments into grid-scale batteries, hybrid renewables projects and offshore wind, […]
Google Inks Huge Corporate Solar-Plus-Storage Deal in Nevada
NV Energy will provide 350 megawatts of solar and as much as 280 megawatts of battery storage for a new Google data center. Google and Nevada utility NV Energy have joined up on an energy supply agreement to power an under-construction data center outside Las Vegas, with future capacity that rivals the largest corporate solar […]
Utility-Scale Solar Set to Eclipse Onsite Installations in US Corporate Market
Onsite solar installations have dominated the C&I market to date, but the landscape is shifting rapidly, according to Wood Mackenzie. Starting next year, offsite corporate deals are expected to become the largest source of business-led solar procurement in the United States. Procurement from offsite solar power-purchase agreements is expected to triple between 2019 and 2020, […]
Google Promises $150M for Renewables to Green Manufacturing Footprint
Tech giant will put money into “key manufacturing regions” for its products, including Nest. Google on Tuesday announced it will spend $150 million on renewable energy projects in “key manufacturing regions” for its products, including Nest, with a goal to encourage $1.5 billion in capital investment for renewables. Details on the commitment were scarce. Because […]
The US Remains the Market to Beat for Corporate Renewable Purchases
But China is working on several new policies with the potential to boost corporate-led deployment in the world’s largest wind and solar market. This year is on track to be another record-setter for corporate renewables purchases, and while the U.S. is still the engine driving the market’s growth, China is now on the horizon. So […]
SunPower Reports Progress in Its Strategic Overhaul During Q2
“The restructuring of the company is paying off,” SunPower CEO Tom Werner told GTM. SunPower returned to profitability and exceeded its revenue guidance in the second quarter, pointing to signs that its strategic overhaul is bearing fruit. Shares surged 20 percent in after-hours trading, to around $14. Though the company is still working to improve […]
The Battle for Virginia’s Corporate Renewables Market Heats Up
Dominion Energy is challenging electricity providers that provide a 100% renewables option as it readies its own green offering. Tensions are escalating in Virginia between Dominion Energy, rival electricity suppliers and the state’s growing list of big corporations demanding renewable power. Direct Energy and Calpine, two competitive service providers (CSPs) working in utility Dominion’s Virginia […]