There could be nearly 13GW of energy storage on the grid in New York by the middle of this Century, providing an “exceptional tool” to help balance renewable energy generation, the CEO of the state’s network operator has said. The New York Independent System Operator (NYISO) earlier this month issued its annual Power Trends report, […]
New York awards 22 solar and battery projects totaling 2.4 gigawatts – EQ Mag Pro
New York has awarded 22 solar PV projects totalling 2.4GW of power, including six co-located sites with a combined 159MW of battery energy storage systems (BESS). The awards represent the state’s largest land-based procurement of renewable energy to-date, first covered by Energy-Storage.news‘ sister site PV Tech. The 22 projects will require US$2.7 billion in investment […]
Oil settles higher on demand optimism, gasoline strength – EQ Mag Pro
NEW YORK : Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country’s coronavirus pandemic was receding in the hardest-hit areas. Brent crude futures for July delivery rose $2.69 to settle at $114.24 a barrel, a 2.4% gain, while U.S. West Texas Intermediate (WTI) crude […]
Greenbacker acquires 55 MW operating wind project in New York – EQ Mag Pro
Company expands its wind fleet with one of its largest projects to date New York, NY : Greenbacker Renewable Energy Company LLC (“GREC” or “Greenbacker”), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced today that, through a wholly owned subsidiary, it has purchased Howard, a 55.4 MW operating wind project […]
New York takes first steps in preparing the electric grid for more renewables – EQ Mag Pro
The New York State Energy Research and Development Authority (NYSERDA), New York State Electric and Gas (NYSEG) and Rochester Gas & Electric (RG&E) has announced two projects in the Southern Tier have received awards through the first round of the Future Grid Challenge to help forecast and assess the impact of increasing electrification on the […]
Greenbacker Capital’s debut private equity fund closes near its funding cap – EQ Mag Pro
The nearly $150-million fund delivers capital and technical guidance to growth-stage clean energy companies. New York, NY : Greenbacker Capital Management, LLC (“Greenbacker Capital” or “Greenbacker”), announced today that its Greenbacker Development Opportunities Fund I, LP (“GDEV” or “the Fund”) has completed fundraising at $142 million, nearly reaching its $150 million hard cap. The Fund, […]
AI tool could help plan NYS’s transition to clean electrical power – EQ Mag Pro
Cornell engineers have developed a powerful artificial intelligence tool that could help New York state and other governments plan the transition to a carbon-neutral power sector, using a combination of machine learning and optimization modeling to provide hour-by-hour analysis of the empire state’s energy needs. States including New York, which has committed to producing 100% […]
ACORE Celebrates Historic New York Bight Offshore Wind Auction – EQ Mag Pro
WASHINGTON, D.C. : Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), following the completion of the New York Bight Offshore Wind Lease Auction. “The New York Bight offshore wind lease auction – the largest in our nation’s history – is an undeniable sign of the […]
Biden Clean Power Push Hits New York With Offshore Wind Sale – EQ Mag Pro
The Biden administration is preparing to sell offshore wind rights near New Jersey and New York, a down-payment on its bid to decarbonize the U.S. power grid and generate renewable electricity from nearly all U.S. coasts. Under the auction, which could be announced as soon as Wednesday, the U.S. government aims to sell leases to […]
New York to Spend $500 Million to Fuel Boom in Offshore Wind – EQ Mag Pro
New York state will spend $500 million building up ports and manufacturing infrastructure for offshore wind farms in a bid to become home base for the nascent industry…Read More… Source : bloombergquint