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Australia’s new giant Tesla Megapack battery project completes project financing

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Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. It also brings together the Commonwealth Bank of Australia (CBA), Westpac, and DNB in the provision of a long-term syndicated debt facility.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc. Chargers paired with energy storage will optimize low-cost renewable energy sources and provide additional grid resiliency, allowing EVs to recharge and support critical facilities when power is out.

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Tesla Virtual Power Plant is providing energy security to Australian homes

Teslarati

A few years ago, Tesla teamed up with the Government of South Australia and various energy authorities to build South Australia’s Virtual Power Plant. And we can also, in working with the utilities, use the Powerwalls to stabilize the overall grid. So that gives people energy security. MWh in the first quarter this year.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Meanwhile, projects face long lead times to finance, develop and commission. Germany and Australia are currently the leaders in this space, with sizeable markets in Japan and California as well. Co-located renewables-plus-storage projects, in particular solar-plus-storage, are becoming commonplace globally.

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Bank of America joins Stanford’s Global Climate & Energy Project

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The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. About 40% of the awards have gone to non-Stanford researchers at 39 institutions in the United States, Australia, China, Japan and Europe.

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Ocean Power Technologies completes first 150 kW PowerBuoy device

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The PB150 PowerBuoy, with a peak-rated output of 150 kW, is the largest and most powerful wave power device designed by OPT to date, and is designed for use in arrays for grid-connected power generation projects. (OPT) has completed the first of its new generation utility-scale PowerBuoy device, the PB150. Earlier post.) The PowerBuoy 150.

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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It can also provide lowest-cost long-term storage for electrical grids relying on renewable energy. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. Hydrogen can also reduce and potentially replace natural gas in all applications.

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