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Rising battery storage costs: A long-term trend or short term blip?

Business Green

The price of battery energy storage systems rose for the first time since records began in 2022, as raw material and component costs soared, and developers and system integrators increased their margins in the face of challenging economic headwinds and soaring energy costs worldwide. link] pic.twitter.com/C55UHprYIv.

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PacifiCorp Readies Huge Solicitation for Renewables, Energy Storage

GreenTechMedia

Last year PacifiCorp finalized a landmark integrated resource plan (IRP) that for the first time envisions it relying on large amounts of wind farms and solar backed by energy storage to meet its long-range energy needs. ” More coal-fired power plants to close region in the region. and] those ended up as battery storage projects.”

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What happens after your country runs on 99 percent renewable electricity?

The Verge: Energy

In the winter, like a six-month period from June to December, many of the hydropower plants get surplus flows. That’s when we have low wind, but we have more hydropower. Why does Costa Rica rely so heavily on hydropower, which makes up 73 percent of electricity generation? So, it will be affected.

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The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

GreenTechMedia

million natural-gas customers across six states, with a 51,000-megawatt generation portfolio that’s roughly 42 percent natural gas, 33 percent coal, 18 percent nuclear and 7 percent hydro and solar power. Duke's utilities serve 7.7 million electric customers and 1.6 Southern Company. million customers.

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Appalachian Power seeks up to 300 MW of renewable generation capacity

Renewable Energy World

15, 2024 will be considered. Bidders may also include proposals with an option for a battery storage system. Under the RFP, Appalachian Power may acquire a single or multiple solar and/or wind facilities from winning bidders who meet certain economic and operational criteria.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

The ITC will fall to a 22 percent rate for projects that begin construction by the end of 2023, and then fall to 10 percent for large-scale solar projects and to zero percent for small scale solar projects in 2024. ” Wind tax credit impacts. Wind power will also benefit from the tax extensions provided for in the bill.

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