Intersect Power to Deploy $837M Worth of BESS in Texas
Intersect Power, LLC, a clean energy deployment company, announced the closing of two transactions totaling $837 million in financing commitments for the construction of three standalone BESS in Texas.Ā The transactions cover portfolio-level construction debt, tax equity, and term debt financing with industry-leading partners.Ā Each BESS, named Lumina I, Lumina II, and Radian, is expected […]
PNNL Debuts āGrid Storage Launchpadā for Large-Scale BESS Research
A first-of-its-kind laboratory has opened in Eastern Washington, bringing together some of the worldās most respected researchers to work on large-scale BESS issues.Ā Pacific Northwest National Laboratory (PNNL) was selected in a DOE competition to create a new nationwide center, dubbed the Grid Storage Launchpad, that will work towards advancing utility-scale energy storage technologies. Federal, state, […]