Today’s renewable energy news includes announcements from PowerBank, Recurrent Energy, and others.
PowerBank Secures USD 309,720 NYSERDA Incentive for Elmira Solar Project
PowerBank has received approval for USD 309,720 in funding from the New York State Energy Research and Development Authority (NYSERDA) to support its Elmira solar project. The incentive strengthens the project’s financial structure and underscores state-level backing for distributed renewable energy development. The Elmira solar installation will contribute clean electricity to the local grid, advancing New York’s ambitious climate and renewable energy targets. NYSERDA incentives play a key role in accelerating solar adoption by lowering development costs and improving project viability. The funding award highlights continued investment in community and distributed solar across New York, reinforcing the state’s commitment to expanding renewable generation and reducing greenhouse gas emissions.
Recurrent Energy Sells 200 MWh Texas Battery Storage Facility to Hunt Energy Network
Recurrent Energy has completed the sale of a 200 MWh battery energy storage facility in Texas to Hunt Energy Network, advancing grid-scale storage deployment in the ERCOT market. The utility-scale battery project is designed to provide grid balancing, peak demand support, and ancillary services, strengthening reliability amid growing renewable penetration. The transaction enables Recurrent Energy to recycle capital into new solar and storage developments, while Hunt Energy Network expands its flexible energy portfolio in Texas. Battery storage plays a critical role in managing price volatility and supporting wind and solar integration in the state’s competitive power market. The 200 MWh facility underscores continued investment in large-scale energy storage across Texas as demand for grid flexibility accelerates.
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