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California Seeks to Shift Major Battery Incentive Toward Fire, Blackout Resiliency

CPUC proposes to spend $613 million of total $1.2 billion SGIP budget through 2024 on battery-solar systems for high-fire-risk customers. Over its 13-year history, California’s Self-Generation Incentive Program has been the state’s primary driver for distributed solar, biomass power systems, fuel cells. and, over the past half-decade or so, behind-the-meter batteries. Now California regulators are […]

IFC Makes Equity Investment in Federal Bank to Promote Green Recovery

Stem Lays Off Workers Amid Strategic Shift Towards Software

Venture-backed energy storage company thinned its ranks this spring, including its regulatory team, GTM has learned. Leading U.S. commercial energy storage startup Stem laid off employees at the end of April, sources familiar with the situation told GTM. The layoffs came as a surprise to employees on the morning of April 29. Roughly 15 people […]

IFC Makes Equity Investment in Federal Bank to Promote Green Recovery

Batteries Benefit From Ontario’s Bizarre Energy Market

Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]

Tesla Deployed 1.3 GWh of Energy Storage in Q2 2021 with ‘Megapacks Sold Out to 2023’

Batteries Benefit From Ontario’s Bizarre Energy Market

Energy storage developers like Enel X, Convergent and Stem are active in the Canadian province’s politically charged energy market. Batteries are benefiting from a bizarre market setup in Ontario that has politicians canceling energy-saving programs while at the same time pledging to cut bills. The Canadian province is fighting to reduce the financial burden imposed […]

Tesla Deployed 1.3 GWh of Energy Storage in Q2 2021 with ‘Megapacks Sold Out to 2023’