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Arizona’s largest battery storage project clinches $513M in financing

Photo: Recurrent Energy Recurrent Energy has secured $513 million in financing for Arizona’s largest standalone battery storage project. Solar and battery storage developer, owner, and operator Recurrent Energy, a subsidiary of Canadian Solar (Nasdaq: CSIQ), secured financing for its Papago Storage project in Maricopa County, Arizona. The financing includes a $249 million construction and term loan,…

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EV sales aren’t ‘lagging’ – they’re headed for long-term growth

Tesla Model 3 Performance EV sales will continue to grow despite the mixed near-term outlook, according to a new report from BloombergNEF – here’s why. BloombergNEF’s Long-Term Electric Vehicle Outlook (EVO) indicates that rapidly falling battery prices, advancements in next-gen battery technology, and improving relative economics of EVs with ICE counterparts continue to underpin long-term…

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The world’s only coal-to-nuclear reactor plant just broke ground in Wyoming

Image: TerraPower Bill Gates’ TerraPower broke ground yesterday on its Natrium nuclear reactor plant, making it the first advanced reactor project ever to start construction. Once it comes online, the Natrium demonstration plant in Kemmerer, Wyoming, will be a fully functioning commercial power plant. According to Gates, founder and chairman of TerraPower, Natrium will “be the most advanced…

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We’re closer to tripling renewable energy capacity by 2030 than we look – IEA

Photo courtesy of Tom Brewster/BLM California Governments are rolling out renewables at a record pace, and tripling capacity by 2030 is within reach – it’s time to make Paris Agreement targets official. Global renewable capacity additions reached almost 560 gigawatts (GW) in 2023, an unprecedented 64% year-over-year increase from 2022, and China was by far…

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