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FuelCell Energy recently closed on a project debt financing transaction with Liberty Bank and Amalgamated Bank as senior lenders and the Connecticut Green Bank as subordinated lender for the company’s Connecticut Municipal Electric Energy Cooperative fuel cell microgrid-ready project.
Starting on September 1, 2023, Texas public power utility New Braunfels Utilities is shifting to monthly power cost forecasting instead of quarterly forecasting.
The Western Area Power Administration and GridLiance LLC on Sept. 29 announced a joint memorandum of understanding to explore improvements to relieve bulk electric transmission system congestion in the area of Boulder City, Nevada.
The board of managers of the PJM Interconnection has directed the regional transmission organization to file several enhancements to its capacity market with the Federal Energy Regulatory Commission.
The Electric Reliability Council of Texas on Oct. 2 issued a request for proposals to stakeholders to increase operating reserves, with the grid operator looking to add up to an additional 3,000 megawatts for the winter 2023-2024 peak load season.
There needs to be greater scrutiny on battery energy storage devices to ensure reliable performance of the bulk electric system, according to a joint report from the North American Electric Reliability Corporation and the Western Electricity Coordinating Council.
The District Board of Directors for Arizona public power utility Salt River Project recently approved power system strategies to be implemented between 2025 and 2035.
Sunnova Energy International recently entered into a $3 billion partial loan guarantee agreement with the U.S. Department of Energy Loan Programs Office, which equates to a 90% guarantee of up to $3.3 billion of term loans, to support solar loans originated by Sunnova under a new solar loan channel.
New York Gov. Kathy Hochul on Oct. 2 announced the auction of New York State’s first “Build-Ready” project to advance large-scale renewable energy development across the state.
Senators Maria Cantwell (D-WA) and Lisa Murkowski (R-AK) recently introduced legislation that would establish a 30 percent investment tax credit for hydropower environmental and safety improvements.