Page 4 - Aligned Climate News Today

Swell Energy is financing the construction of four virtual power plants (VPPs) representing over 200 MWh of distributed energy storage paired with 100 MW of solar photovoltaic capacity in three states — approximately 14,000 solar energy generation and storage systems, intended to provide valuable grid services to the utilities and the local grid. To support the deployment of these and other distributed energy projects, and in partnership with a fund managed by the Infrastructure and Power st...

socaltech.com Los Angeles-based Swell Energy, which is developing what it calls "virtual power plants" which combine solar power and battery storage to feed back energy into the grid, says it has raised $450M in a financing vehicle to help deploy its distributed energy storage systems. According to the company, the new financing came in partnership with a fund managed by the Infrastructure and Power strategy of Ares Management Corporation and Aligned Climate Capital. Swell says the new financi...