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Puerto Rican solar and battery project to boost grid reliability

Smart Energy International

Solar renewables company Infinigen Renewables and ArcLight Capital Partners have announced a power and battery infrastructure project in Puerto Rico to provide supportive flexibility and reliability to the power grid. Energy storage is critical to helping Puerto Rico with extreme weather and grid reliability.

Batteries 122
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Electrical distributor EIS to acquire Power Grid Supply

Smart Energy International

EIS, a distributor of electrical process materials and components in North America, announced the successful acquisition of Power Grid Supply (PGS), a supplier of transformer parts and components for the production, repair, and remanufacturing of transformers.

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Smart Energy Finances: Norwegian investors buy 49% stake in Indian transmission scheme

Smart Energy International

This week’s Smart Energy Finances looks at a consortium of Norwegian investors acquiring a 49% stake in an Indian transmission scheme to help scale private capital. Also on the radar are the closing of Gridmatics’ storage fund, Siemens’ financial safety net and the sale of a 410MW battery storage pipeline.

Energy 118
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California’s PG&E tapped 8,500 residential batteries for grid resilience

Smart Energy International

Peaking at nearly 32MW from 8,500 solar-plus-storage residential systems, Sunrun and Pacific Gas and Electric Company (PG&E) customer batteries provided consistent clean energy to California’s power grid through the summer and fall of 2023.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Swiss tech major Hitachi Energy has acquired eks Energy in a strategic move to add power and electronics and energy management software to their ever-growing portfolio. Hitachi Energy called the move part of its strategy to meet global demand for battery energy storage solutions.

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V2G to surpass stationary storage as virtual power plant asset finds study

Smart Energy International

The virtual power plant (VPP) integrated capacity of vehicle to grid (V2G) is forecast to surpass that of energy storage assets ahead of 2040. This is according to US-based consultancy Rethink Energy who in a report hail VPP technology as the core of future power grids. Image courtesy Rethink Energy.

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‘We’re playing catch up’: How grid operators see the future of battery storage

Smart Energy International

From interconnection to market structures, US power grid operators are grappling with an onslaught of battery storage development, which has boomed due to the critical need to shore up variable renewable energy. He said the rule is the product of rapid growth and an imperative to adapt to an evolving grid.