Code Concepts Group was engaged by the Advanced Power Alliance and Texas Solar + Storage Association to review and provide expert input on battery energy storage safety legislation in Texas.
Tag Archives: Energy Storage
Senate Bills 1824 & 1825 (Schwertner)
APA supports SB 1824 (Schwertner), which establishes clear decommissioning requirements for battery energy storage systems (BESS), and SB 1825 (Schwertner), which ensures all BESS facilities in Texas meet the highest fire safety standards.
Renewable Energy Technology in Texas
Texas is dominating in renewable energy development in the U.S. and is estimated to have installed nearly 80% more combined solar, wind and battery capacity than the next largest state. Learn more about these technologies.
Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF
Battery prices saw their biggest annual drop since 2017. Lithium-ion battery pack prices dropped 20% from 2023 to a record low of $115 per kilowatt-hour, according to analysis by research provider BloombergNEF (BNEF). Factors driving the decline include cell manufacturing overcapacity, economies of scale, low metal and component prices, adoption of lower-cost lithium-iron-phosphate (LFP) batteries,Continue reading “Lithium-Ion Battery Pack Prices See Largest Drop Since 2017, Falling to $115 per Kilowatt-Hour: BloombergNEF”
Apex Secures Financing for Texas Storage Facilities
First Citizens Bank Arranges Financing of Great Kiskadee and Angelo From Apex Clean Energy: https://www.apexcleanenergy.com/news/apex-secures-financing-texas-storage-facilities/ Apex Clean Energy today announced that First Citizens Bank Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two battery energy storage projects in Texas. Great Kiskadee Storage is a 100Continue reading “Apex Secures Financing for Texas Storage Facilities”
ENGIE accelerates in battery storage through the acquisition of Broad Reach Power in the United States
A major step towards ENGIE’s objective of reaching 10 GW of battery capacity within the Group by 2030 to support the development of renewable energies ENGIE announces it has signed a binding agreement for the acquisition of 100% of Broad Reach Power, a company specialized in battery storage and based in Houston, from private equityContinue reading “ENGIE accelerates in battery storage through the acquisition of Broad Reach Power in the United States “