ArcLight acquired a stake in 5.4 GW of power projects, Arevon closed on $920M in financing, Aypa Power secured funding for an Ontario energy storage project, and Octopus Australia broke ground on a $900M project with multiple renewable energy developments planned, while Sol Systems reached two significant solar milestones.
New York leads the US in battery energy storage system (BESS) moratoriums, with 97 moratoriums in place. This is a significant increase from previous data. The state has taken steps to regulate BESS development.
Eagle Point Credit Management LLC provided a $28.5-million senior secured term loan to Heritage Energy Storage DevCo I LLC, owned by Heritage Energy Holdings, LLC, a Texas-based solar and storage developer. The loan supports the development of energy projects in Texas. Eagle Point will earn interest on the investment through regular repayments made by Heritage Energy.
Maryland legislators are including utility solar in a statewide energy savings initiative, part of the Utility RELIEF Act. The act aims to reduce utility energy costs and build on Governor Wes Moore's existing Lower Bills and Local Energy Act. Clean energy sources like solar power will help achieve these goals.
Sigenergy has launched a 166 kW IP66-rated inverter for commercial and industrial solar installations, featuring updated power electronics to increase efficiency and simplify integration with energy storage systems. The inverter supports nine MPPT trackers and flexible AC/DC connections, with a peak efficiency of 98.7% and operating capabilities up to 5,000 meters above sea level. The unit's smart air cooling system enables stable operation across extreme temperatures.
The US Department of Energy's Office of Electricity is offering $1.9 billion in funding for power grid upgrades, which aim to modernize the grid and lower electricity costs. The project is described as "urgently needed" by the DOE, indicating a priority need for these upgrades.
Google has finalized the $4.75 billion acquisition of Intersect Power, a US renewable energy developer with an initial focus on California and Texas solar-plus-storage projects, to support its expanding US data center operations.
SunPower has completed integrating Sunder Energy into its operations following a September acquisition, with the goal of avoiding common pitfalls such as poor integration leading to talent and value loss. The company's CEO noted that successful integration is often overlooked in acquisitions. SunPower acquired rival residential solar company Sunder Energy.
Peak Energy and RWE Americas to deploy first sodium-ion battery in the US grid, using a passively cooled system that cuts auxiliary power use by 90% and lowers lifetime storage costs by $70/kWh. The project is set to be deployed in eastern Wisconsin as part of MISO's efforts to address capacity constraints and rising costs. The deployment marks a potential pivot towards next-gen, non-lithium storage for the grid operator.
Atlas Energy will acquire $840 million in power assets from Caterpillar, with the goal of expanding private grid infrastructure to meet growing electrical demands from data centers and manufacturing sites undergoing "reshoring" efforts.
Renewable Energy World