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Behind-the-Meter Battery Pioneer Stem to Take SPAC Route to Public Markets

GreenTechMedia

Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. ” Stem’s role in opening up the behind-the-meter battery market. and abroad.

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NuScale’s Federal Safety Approval Moves US Modular Nuclear Reactors a Step Closer to Reality

GreenTechMedia

While small modular reactors have powered naval ships for decades and are also in use in other military applications, they’ve yet to be approved for use in commercial power generation. NuScale investors include major government contractors and nuclear energy engineering firms such as Ares Corp.,

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After Rapid Success in Japan, Moixa Prepares for International Storage Push

GreenTechMedia

The firm is now managing a network of more than 10,000 residential batteries in Japan, networked and managed as a fleet, less than a year after entering the market. It has a headstart on many of its competitors having started work on virtual power plant (VPP) trials back in 2013. It was the first to create a VPP in the U.K.

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Vistra, LS Power Top Winners in PG&E?s 420MW Storage Procurement

GreenTechMedia

Pacific Gas & Electric has asked California regulators to approve seven battery projects totaling 423 megawatts, or nearly 1.7 gigawatts of carbon-free resources to help meet grid reliability needs that will arise when four natural gas-fired power plants retire next year to reduce their environmental harm to coastal waters.

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Looming Grid Shortfall Prompts 2.5GW California Procurement Proposal

GreenTechMedia

The proposal follows a string of unusual orders from the state's regulator to deal with the ongoing reliability crises for Southern California’s power grid.

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Treasury Department Announces Second Round of Section 48C Tax Credit for Clean Energy Manufacturing Facilities

38 North Solutions

Expired since 2013, the law provides $10 billion in credits for qualifying advanced energy projects, $4 billion of which must be allocated projects located in energy communities. However, this would only apply to the facility in question, meaning a company could use 48Cfor one facility, and 45X for another.

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Southern California Edison Inks Another Massive Round of Utility-Scale Battery Contracts

GreenTechMedia

Six months after inking California’s largest single energy storage procurement, utility Southern California Edison has added another three massive utility-scale battery projects to its portfolio—plus a behind-the-meter battery project with Sunrun. The four-hour duration 2.63 utility record books. The four-hour duration 2.63