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Energy Storage
Neil Chatterjee, chairman of the Federal Energy Regulatory Commission, believes there are five trends that will be critical in shaping the future of energy storage over the next decade.
Power Sources
The Tennessee Valley Authority Board of Directors on Feb. 14 approved the retirement of Paradise Unit 3 and the Bull Run facility.
Distributed Energy Resources
American Electric Power's competitive renewable energy subsidiary has signed an agreement to acquire Sempra Renewables LLC and its 724 megawatts of operating wind generation and battery assets for approximately $1.056 billion, including $551 million in cash, assumption of $343 million in existing project debt and $162 million in tax equity obligation.
While proposals to purchase Santee Cooper could lead to rate reductions as outlined in a recent ICF report, some South Carolina lawmakers at a Feb. 6 hearing said that there were still too many unanswered questions to say with any degree of certainty that rates would go down.
Electric Vehicles
Electrify America has announced that the second, $300 million cycle of its National Zero Emissions Vehicle investment plan is available and that the 30-month investment period begins on July 1.
Bills and Rates
A subscription plan concept for the energy industry with characteristics similar to Netflix and Verizon was outlined by Navigant’s Lon Huber on Feb. 10 at a National Association of Regulatory Commissioners panel that focused on rate design innovations.
Electric Vehicles
New York Gov. Andrew Cuomo announced that New York is making up to $31.6 million available to expand the number of electric vehicle fast-charging stations in the state.
Electricity Markets
Sunrun Inc., a home solar, battery storage and energy services company, won a bid to deliver home solar and batteries as a source of energy capacity through ISO New England’s recently completed forward capacity auction (FCA) procuring capacity for the 2022-2023 delivery year.