battery storage

As distributed energy resources such as residential solar rooftop increase in the next decade, its use for virtual power plants could save US utilities up to US$35 billion, according to a study from consultancy The Brattle Group.

While solar has been the backbone of Japan’s renewable energy push, deployment has been stalling in recent years. Chris Wilkinson of Rystad Energy details the benefits of the country’s feed-in premium scheme, the potential for corporate PPAs and the importance of battery storage.

US residential solar installer Sunnova has secured a conditional commitment from the US Department of Energy which will offer up to US$3 billion in a partial loan guarantee.

The acquisition included 72 solar projects, of them 90% being community solar projects, and six battery storage projects.

Nearly 1TW of solar PV capacity had interconnection queues at the end of 2022, according to a research from Lawrence Berkeley National Laboratory (LBNL).

Solar energy company Sol Systems has announced a renewables procurement and investment strategy with Google to develop new PV projects in the US.

Otovo stopped trading on Euronext Growth Oslo on 13 February and moved to the main list on the following day.

Israeli renewable energy platform Enlight Renewable Energy has announced its intent to raise about US$293 million in an IPO of 14 million ordinary shares on the Nasdaq Stock Market.

A map of the VPPs in which Sunrun’s batteries are participating through Lunar’s platform. Image: Sunrun / Lunar Energy.

Google’s smart home division has joined Ford, Sunpower, Sunrun in partnership centred around scaling market for virtual power plants (VPP).