Tag / 8BIT

By Jonathan Spencer Jones, Smart Energy International Helix Power Corporation is seeking seed capital from investors to advance its patented flywheel short-term energy storage technology. The Massachusetts-based start-up is aiming for a minimum of $500,000 and up to $1.07 million to build out and commercialize its technology. The minimum investment requirement is $1,000 and key terms…

Follow @EngelsAngle California lawmakers on Thursday passed a bill to extend a property tax exemption to solar projects that change ownership through the “partnership flip” financing structure. SB 267 aligns California’s property tax system to support the mission of federal renewable energy tax credits, currently 26% for projects that begin construction in 2021 or 2022,…

Follow @EngelsAngle EDF Renewables has signed a 15-year power purchase agreement with Los Angeles-area electricity provider Clean Power Alliance for the Desert Quartzite Solar+Storage project. The Desert Quartzite Solar+Storage project consists of a 300-megawatt solar farm and a 600 MWh battery energy storage system. The agreement will provide enough electricity to power more than 163,000…

Follow @EngelsAngle The Biden administration has started the process of revising public land regulations for renewable energy projects, a move that advocates say could cut costs for wind and solar project developers. The Bureau of Land Management is soliciting public input on proposed rulemaking related to renewable energy permitting and linear rights-of-way on public lands.…

Follow @EngelsAngle U.S. shipments of solar photovoltaic modules — including imports, exports, and modules produced domestically — reached a record 21.8 million peak kilowatts in 2020, despite global pressures of the coronavirus pandemic. Data released by the Energy Information Administration shows U.S. solar PV shipments increased by 33% last year, an increase of 5.4 million…

RENOVA Inc. announces that it is participating in the 17.4-MW Kiangan Hydroelectric Power Project currently under development in Ifugao Province, Philippines and the project concluded loan agreements with the Philippine Development Bank and other financial institutions as of Aug. 26, 2021. The Kiangan project will be RENOVA’s first hydroelectric power project and its first investment…

Follow @EngelsAngle If Duke Energy avoids natural gas capacity additions and adds renewable energy and energy storage under a proposed North Carolina law, the utility could reduce greenhouse gas emissions by 74% over the next decade, according to a study. Economists at The Brattle Group prepared the study, A Pathway to Decarbonization: Generation Cost &…

Fears that the COVID-19 pandemic would substantially slow the development of utility-scale solar generation appear unfounded, at least for seven of the country’s biggest projects. To see if the pandemic, or anything else for that matter, had affected the progress of large solar generation projects, business intelligence provider FirmoGraphs looked at the seven solar projects…

By David Thill, Energy News Network Vermont this summer launched an initiative to spur a challenging but potentially crucial market in the state’s decarbonization goals: ground-source heat pumps. But even with generous new incentives for homeowners, installation is expensive — running upward of $25,000 to $40,000 — and the market is small. Supporters say that…

Follow @EngelsAngle Shell and CoensHexicon have formed a joint venture to build a massive floating offshore wind farm off South Korea. Located about 65 km off Ulsan City, the 1.4 GW MunmuBaram project is expected to generate up to 4.65-terawatt hour (TWh) of clean energy every year, enough to power more than 1 million homes…