Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTDecember 7 (Renewables Now) - US energy storage solutions provider FlexGen Power Systems Inc on Tuesday said it has been selected to integrate 2.1 GWh of energy storage in California.
The energy storage capacity will be added at three substations of electric utility Southern California Edison (SCE), which contracted US cleantech company Ameresco Inc (NYSE:AMRC) to deliver the project.
Ameresco has picked FlexGen to provide its energy storage technology, HybridOS energy management system platform and equipment for the battery scheme.
The energy storage systems, expected to be ready in the summer of 2022, should improve grid reliability and reduce the grid's dependence on natural gas power plants. They are being built on “an aggressive timeline” in response to California governor Gavin Newsom’s emergency proclamation to enhance electricity reliability in the face of extreme heat events.
FlexGen says its HybridOS energy management system platform delivers energy storage value across ancillary services, capacity and energy market.
Weekly renewables M&A round-up (Aug 8-12)
Aug 12, 2022 17:43 CESTUK hits 25.5 GW of wind power capacity
Aug 12, 2022 17:15 CESTRWE to make over EUR 5bn in green investments in 2022
Aug 12, 2022 17:11 CESTTurkish renewables firm Kalyon Enerji sells 50% stake to Abu Dhabi's IHC for 477 mln euro
Aug 12, 2022 16:27 CESTDEME installs substation at Fecamp wind farm offshore France
Aug 12, 2022 15:59 CESTUnit of Malaysia's TNB gets more time to reach fin close for 50-MW solar project
Aug 12, 2022 15:30 CEST