Renewable Energy Update 5.07.24

Allen Matkins
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RenewEnrgyUpd

California battery storage increasing rapidly, but not enough to end blackouts, Governor Newsom says

Bullet Los Angeles Times – April 25

Governor Gavin Newsom said on April 25 that California continued to rapidly add the battery storage that is crucial to the transition to cleaner energy, but admitted it was still not enough to avoid blackouts during heat waves. Standing in the middle of a solar farm in Yolo County, Newsom announced the state now had battery storage systems with the capacity of more than 10,000 MW — about 20% of the 52,000 MW the state says is needed to meet its climate goals.


News

New Jersey seeks fourth round of offshore wind farm proposals as foes push back

Bullet Associated Press – April 30

New Jersey is seeking a new round of proposals to build wind energy farms off its coastline, forging ahead with its clean energy goals even as local opposition and challenging economics create blowback to the effort. The state Board of Public Utilities on April 30 opened a fourth round of solicitations for offshore wind farms, giving interested companies until July 10 to submit proposals. There are currently three preliminarily approved offshore wind projects in New Jersey.


IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism

Bullet Utility Dive – April 26

The U.S. Department of the Treasury and the IRS issued final rules on April 25 for the tax credit transferability mechanism included in the Inflation Reduction Act (IRA), offering clarity to the already active tax credit market. The transferability provision allows businesses to transfer “all or a portion of any of” 11 clean energy tax credits to a third party in exchange for tax-free cash, Treasury said, “so that businesses can take advantage of tax incentives if they do not have sufficient tax liability to fully utilize the credits themselves.”


Geothermal heat pumps are helping clean up city buildings

Bullet Canary Media – April 29

Startups within the fast-growing geothermal industry are developing next-generation solutions to produce “clean, firm” electricity in geographic locations that conventional geothermal technologies can’t access. Other companies are innovating on a relatively smaller scale to make it easier and more affordable to decarbonize homes and buildings. Meanwhile, states like Colorado, Massachusetts, Minnesota, and New York are rolling out underground thermal networks, which service buildings much like fossil-gas pipelines do.


Projects

Menifee battery storage plant will be one of largest in the U.S.

Bullet The Press-Enterprise – April 28

The 680 MW Nova Power Bank battery storage facility taking shape in Menifee will link renewable energy produced in off-peak windows with electric utilities in need of peak-hour juice. Billed as one of the largest facilities of its kind in the nation, Nova, which broke around in August at the site of what used to be a natural gas power plant, is expected to be finished in 2025. By then, Nova’s roughly 1,200 batteries spread over 43 acres will store enough electricity to power 680,000 homes for up to four hours.


Shasta County judge rules on controversial wind project east of Redding

Bullet Record Searchlight – April 29

A Shasta County Superior Court judge has ruled that a judge from outside of the area will preside over a lawsuit filed against the proposed Fountain Wind Project. The California Attorney General’s Office had objected to having a lawsuit filed against the California Energy Commission heard in Shasta County because of possible prejudice against the commission, which decided to consider approving the project after it was voted down by the county Board of Supervisors.


Anaheim’s resort-area buses get new solar-powered charging facility

Bullet The Orange County Register – April 26

The Anaheim Transportation Network, the transit agency that runs buses in the city’s resort district, on April 26 opened the first-of-its-kind, solar-powered charging facility in the county to power its fleet of battery electric buses and vans. The charging hub expands the agency’s ability to charge its electric vehicles as its leaders plan to buy more in the coming years.


Ribbon cut at Arizona solar giant

Bullet ReNews – April 26

Longroad has cut the ribbon at its giant Longroad Sun Streams Complex in Maricopa County, Arizona. When complete, the site will include over 950 MW of solar and 500 MWh of storage.


Energy Vault, NV Energy launch 220 MW/440 MWh BESS project in Nevada

Bullet Power Technology – April 26

Energy Vault and NV Energy have started commercial operation of the Reid Gardner BESS in Moapa, Nevada. This development marks a significant step in energy storage solutions as the 220 MW/440 MWh grid-tied BESS is one of the largest in the state.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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