A joint venture owned by utility giant National Grid has secured $150 million in new credit to help grow its renewable energy investment over the coming years.
Emerald Energy Venture LLC secured its $150 million portfolio revolving facility structured by SMBC, which is also lead arranger and agent. The portfolio revolver can be expanded to $250 million midway through next year.
The new credit will allow National Grid’s EEV to fund construction of solar, battery storage and wind projects [...]
Two new Michigan solar projects are now operational and delivering up to 40 MW of carbon free power to the region.
National Grid Renewables announced work was completed at Bingham Solar and Temperance Solar, both part of the company’s MiSolar Portfolio. National Grid Renewables owns both projects, which will generate under power purchase agreements with utility Consumers Energy.
The developer kept the construction work as local as possible. Michigan-based contractor J. Ranck Electric han [...]
Atlantic U.S. utility National Grid is partnering to demonstrate a multi-use renewable hydrogen-based energy storage and delivery system in New York.
The venture with Standard Hydrogen Corp. will focus around developing what National Grid called the first such hydrogen storage and delivery system in New York’s Capital Region. The project is expected to be completed late next year.
The planned system will produce hydrogen from purchased renewable power exclusively. Once stored, [...]
The Nevada National Security Site (NNSS) inaugurated the Mercury Solar Project late last month and moved it further down the path of sustainability, giving NNSA its first net-zero-energy building. [...]
Sandia National Laboratories last week said that its researchers are studying corrosion on solar panels to help industry develop long-lasting PV panels and increase PV system reliability.