Your Source for Energy Jobs & Industry News
Lightsource bp announced two solar power projects in Texas with a combined 288 MW of generation capacity are now online, pushing the company’s operational fleet in that state to more […]
The post Lightsource bp Brings 288-MW Solar Portfolio in Texas Online appeared first on POWER Magazine.
Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle (EV) infrastructure projects, added 50 MW of completed projects to its portfolio in 2024, […]
The post Renewable Properties Expands Community Solar Portfolio With 50 MW Across Four States appeared first on POWER Magazine.
The post Rosatom Group Building Energy Storage Portfolio appeared first on POWER Magazine.
Russia’s state-owned nuclear power company Rosatom continues to diversify, as one of the group’s subsidiaries has acquired a major stake in a South Korean manufacturer of energy storage products.
RENERA LLC, which is Rosatom’s integrator company for the energy storage business, and also a subsidiary of TVEL Fuel Company of Rosatom, on March 5 announced it has finalized the deal to acquire a 49% share of Enertech International. Enertech makes electrodes, lithium-ion storage cells, and energy storage systems.
The agreement also includes the opportunity for RENERA to build a manufacturing facility for lithium-ion cells and energy storage systems in Russia, with at least 2 GWh of production capacity by 2030. The plan is for that facility to begin production in 2025. Rosatom on Friday said the lithium-ion batteries made in Russia are earmarked for use in electric vehicles (EVs), in what it called “special equipment,” and for battery energy storage systems (BESS) attached to the power grid.…
Entergy on April 16 said it will sell its Indian Point Energy Center to Comprehensive Decommissioning International, a Camden, N.J.-based jointly owned subsidiary of Holtec International, a company buying nuclear plants that are closed or scheduled for retirement.
Holtec in the deal will receive funds that Entergy has invested in a decommissioning trust, currently worth about $ 2 billion. Entergy has now agreed to sell all its remaining fleet of merchant nuclear reactors to decommissioning firms; the company last year said it would sell its Vermont Yankee plant, which closed in 2014, to New York-based NorthStar.
NorthStar said it would complete decommissioning and restoration of the Vermont Yankee site by 2030. Entergy in its decommissioning report filed with the Nuclear Regulatory Commission (NRC) had said its work would not be completed until 2075.
Entergy has said it will shut down the last two of Indian Point’s three reactors in 2021. Unit 1, a 257-MW reactor that came online in 1962, was retired in 1974.…