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Distributed Energy Resources
New York Gov. Andrew Cuomo recently announced that $5 million is available for projects designed to help integrate renewable energy resources into the state’s electric grid to help make it more resilient.
The Board of Directors for the Salt River Project approved changes to further improve the SRP 2035 sustainability goals that the public power utility said will now include more aggressive measures to reduce carbon emissions, strengthen the grid to allow more customer choice and improve water resiliency.
Electricity Markets
An investment vehicle advised by J.P. Morgan Investment Management is buying Texas-based El Paso Electric, an investor-owned utility, for $4.3 billion in cash and assumed debt.
The Sacramento Municipal Utility District recently signed a 30-year power purchase agreement with Lendlease Energy Development for the output from a 160-megawatt solar project on the site of the decommissioned Rancho Seco Nuclear Generation Station.
Distributed Energy Resources
The Virginia public power cities of Danville and Martinsville, along with Central Virginia Electric Cooperative, are seeking proposals from developers for stand-alone solar, stand-alone energy storage or a combination of solar and storage under a request for proposals.
Power Sources
U.S. geothermal capacity could hit 60 gigawatts by 2050, up from 3.8 GW today, if technology improvements drive down costs, according to a report by the Department of Energy.
Energy Storage
Local and state officials gathered in Ashburnham, Mass., to cut the ribbon on the Ashburnham Municipal Light Plant’s new three-megawatt, five-megawatt-hour battery storage project. The battery is helping AMLP reduce its costs for transmission and capacity.
Public power utility crews connected more than 200 Navajo Nation families as part of a mutual aid initiative by the Navajo Tribal Utility Authority and the American Public Power Association to provide electricity to thousands of Navajo homes that was recently completed.