GM Energy Home Systems enable homeowners to repurpose their EV batteries as backup power sources during blackouts, providing a reliable source of electricity for homes equipped with the system. This setup utilizes the massive battery capacity of an EV to store and release energy in times of need. By converting an EV's battery into backup power, homeowners can mitigate the inconvenience of frequent generator use.
The Mobility House is integrating its Advanced Charging Technology (ACT) with Kia's vehicles, enabling Vehicle-to-Grid (V2G) functionality. This technology allows EVs to supply energy back to the grid when not in use, strengthening the nation's straining energy grid rather than weakening it. Utility programs are also being explored to facilitate the widespread adoption of V2G technology.
Evergy expects retail sales to rise by up to 8% annually due to data center growth, with the company increasing its planned gas-fired generation in Missouri from 2.9 GW to 4.7 GW. Meanwhile, Evergy has cut its long-term renewable energy plans by more than 90%. The company's changes come in response to anticipated rising demand for electricity.
The Philippines' first offshore wind zones could generate up to 11 terawatt-hours of electricity per year. However, the timeline for turning this pipeline into actual electricity on the grid is unclear and far from straightforward. The project's feasibility and implementation pace are currently uncertain.
BloombergNEF forecasts that 158GW of global energy storage deployments will occur by 2026, with a 41% increase from the previous year's total of 112GW.
ReVision Energy is developing a 1.34-MW community solar array atop a former municipal landfill in Jaffrey, New Hampshire, with the project expected to come online in early 2027. The Town of Jaffrey will lease the site to ReVision Energy for an annual $10,000 payment and receive energy benefits from the solar installation.
China has criticized the EU's ban on Chinese inverters in EU-funded solar projects, warning it could damage trade relations and supply chains, while also potentially destabilizing the EU's energy transition. The Chinese government considers the EU's designation of China as a "high-risk country" unfair and discriminatory, and urges the EU to lift the measures. China may take necessary measures to safeguard its enterprises' rights and interests in response to the policy changes.
Private equity firm FH Capital has acquired a 75.1% stake in JinkoSolar's U.S. subsidiary, gaining controlling ownership of the company's 2-GW solar panel assembly facility in Florida. JinkoSolar will retain a 24.9% minority interest in the acquisition. The deal is expected to provide additional capital to double the facility's production capacity.
Sunrun saw a steep sales drop in Q1 due to the expiration of solar tax credits and tariffs, but remains one of the largest distributed power plant operators with 4.3 GWh of networked storage capacity as of March 31, representing a 50% year-over-year increase. The company aims to reach 10 GWh of dispatchable capacity by the end of 2028.
European energy storage market growth is driven by subsidies, contracted and merchant revenues. BESS owners-operators attribute their success to these revenue streams in building up the continent's energy storage infrastructure. Subsidies, contracts, and merchant approaches are key factors in Europe's energy storage buildout.
Electrek