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inflation reduction act

California’s 500 MW Oberon Solar with Storage Project Sets Off Operation

A firm that develops, owns, and operates clean energy resources, such as solar PV, co-located storage, and green hydrogen, Intersect Power, has kickstarted the commercial operation for California-based 500 MW Oberon solar and storage project. The Oberson solar with storage project is in line with the USA’s Inflation Reduction Act (IRA) since it employs equipment […]

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Battery Management Firm Element Energy Raises $111 Million

US battery management firm Element Energy, a Menlo Park-based Battery Management Technology company founded in 2019, has announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. The Series B round is co-led by one of […]

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Swift Current’s 197 MW Castle Gap Wind Project Set Into Motion

Swift Current has announced that it has kickstarted operations of its 197 MW Castle Gap Wind Project established in Central Texas. The project supplies power to retail giant, Target Corporation. Swift Current and Target Corporation have forged a partnership by way of a virtual power purchase agreement. Presently, the wind project is generating enough energy […]

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US May See 619 GW Of Renewable Power Between 2023-2030: Report

A latest report from BloombergNEF forecast a staggering 619 gigawatts (GW) of solar, wind and storage to come online between 2023 and 2030 in the United States. The report forecasts that this will raise energy capacity by 19 GW from the previous outlook. While structural constraints, such as permitting and grid connections, and a higher […]

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IRA Can Lead To Creation of 4L Jobs In US, Says Report

A latest report analysing the performance of the Inflation Reduction Act (IRA), in the US in the first-year claimed that the move could lead to the creation more than 400,000 new jobs and hundreds of billions of dollars of investments. The report was released by E2 a business group. It shared the update on the […]

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TotalEnergies Starts 380 MW Utility-Scale Solar Plant with Battery Storage in Texas

French Energy major TotalEnergies has started commercial operations of Myrtle Solar, its utility-scale operated solar farm in the United States. Located south of Houston, Texas, Myrtle has a capacity of 380 megawatts peak (MWp) of solar production and 225 MWh of co-located batteries. With 705,000 ground-mounted photovoltaic panels installed over an area equivalent to 1,800 American football […]

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Solar Exports From India to USA Will Keep Rising Till 2025: IEEFA

A study by the Institute for Energy Economics and Financial Analysis (IEEFA) states that India’s solar photovoltaic (PV) module exports to the United States of America (the U.S.) are likely to keep rising for another couple of years before stagnating from 2025 and declining from 2027. It adds that following the implementation of the Inflation Reduction […]

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Residential Costs Stayed Flat from 2020 to 2022 & then Declined in 2023: NREL

The National Renewable Energy Laboratory (NREL) has released its annual report on ‘U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks.’ The report tracks the solar cost trends to support the U.S. Department of Energy Solar Energy Technologies Office. It aims to accelerate the advancement and deployment of solar technology and gives an account of […]

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Inlyte Gets $8 M For Cheap, Grid Scale Iron and Sodium Batteries

Berkeley, California based Inlyte Energy announced its $8 million seed funding to be used to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. Inlyte’s solution leverages the proven design of the previously-commercialized sodium metal halide battery to create an energy storage system with high efficiency, […]

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