DOE Cancels Sunnova’s $3B Loan Guarantee
The U.S. Department of Energy (DOE) has cancelled a $2.92 billion loan guarantee previously committed to residential solar company Sunnova. Originally disclosed in 2023, the loan guarantee has been “de-obligated,” thus removing the requirement for the federal government to continue financing. It was the first loan guarantee designated for Virtual Power Plants (VPPs) and could […]
Massachusetts Targets 5,000MW of Energy Storage by 2030
Massachusetts is moving toward its goal of procuring 5,000MW of energy storage by 2030. The state’s Department of Energy Resources (DOER) partnered with Massachusetts electric distribution companies (EDCs) to file a draft request for proposal (RFP) to the MA Department of Public Utilities for the procurement of mid-duration battery energy storage systems (BESS). Eversource, […]
ABB Launches BESS-as-a-Service to Simplify Clean Energy Adoption
Global technology leader ABB announced the launch of its new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service), a flexible solution to support the clean energy transition that requires no upfront capital investment. BESS-as-a-Service is the first of many emerging next-gen service models that are designed to break down clean technology adoption barriers and help companies reach their […]