SolaX Power, a renowned leader in global energy storage solutions, has announced a substantial investment of 149.8 million USD. This significant financial move is set to revolutionize the company's capabilities in energy storage and smart energy systems. The new facility will be located in Zhejiang
The utility-scale grid-connected microgrid market is experiencing unparalleled growth, driven by the increasing integration of renewable energy sources, grid modernization initiatives, and the emergent need for enhanced energy resilience. As of 2023, this burgeoning sector was valued at $1.5
In a decision expected to bring financial relief to many, the Idaho Public Utilities Commission (PUC) has approved Avista Utilities' applications for fixed cost adjustment (FCA) and power cost adjustment (PCA). The subsequent changes will result in decreased rates for customers. Avista submitted
California has recently achieved a groundbreaking milestone in the realm of energy storage, with the California Independent System Operator (CAISO) integrating over 10.219 gigawatts (GW) of utility-scale energy storage into its power grid by October 2024. This substantial achievement aligns with
The second quarter of 2024 marked a significant milestone for the U.S. energy storage sector, as reported by the American Clean Power Association (ACP) and Wood Mackenzie. With over 3 GW/10.5 GWh of new energy storage capacity deployed, this period reflects a remarkable growth trajectory, signaling
The global shift to decarbonized power is not just a lofty goal; it’s an urgent necessity. With the increasing impacts of climate change, reducing carbon emissions from electricity generation has become a priority for governments and industries worldwide. However, achieving net-zero targets is
