Starting a transformative chapter in the electric vehicle (EV) industry, StarPlus Energy, a joint venture between Stellantis and Samsung SDI, has finalized a $7.54 billion loan from the Department of Energy (DOE). The funding, declared on December 18, 2024, is allocated for the construction of two
In December 2023, the Long Island Power Authority (LIPA) in New York approved two large-scale battery energy storage system (BESS) projects developed by Key Capture Energy (KCE). This approval marks a significant move towards reinforcing the energy infrastructure and aligning with New York's
The renewable energy landscape continues to evolve with innovative projects like Clearway Energy Group's latest solar-plus-storage initiative. With a strategic focus on integrating solar power and battery storage, this project not only underscores renewable energy gains but also addresses grid
The rapid deployment of energy storage in Texas since 2023 has had an incredible impact on the state's energy landscape, benefiting consumers and increasing grid reliability. According to the American Clean Power Association (ACP), this extensive expansion yielded at least $750 million in
The U.S. energy storage market is experiencing a remarkable surge, setting groundbreaking deployment records in the third quarter of 2024. This surge is driven by significant increases in both grid-scale and residential energy storage installations, with Texas and California leading the charge. The
In the rapidly evolving digital age, an adequate power supply is becoming increasingly critical for hosting the ever-expanding amount of data we generate daily. The Pacific Northwest, renowned for its technological advancements, faces significant challenges concerning grid constraints that could
