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Macquarie s Green Investment Group to take stake in utility-scale energy storage developer esVolta

Published: 20 Jan 2021, 06:42 By: Some of Green Investment Group s selected year-in-review highlights of 2020. Image: GIG via Twitter. The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects. esVolta has 600MWh+ of contracted energy storage projects in California, including the 75MW / 300MWh Hummingbird Energy Storage project which is one of several new facilities enabling investor-owned utility Pacific Gas & Electric (PG&E) to retire a 605MW natural gas plant in Coyote Valley, California. Elsewhere in the state - which has aggressive policy goals to reach 100% clean energy by 2045 - the developer was picked by Community Choice Aggregator (CCA) groups to help support their supply of electricity to retail customers with a 15MW / 60MWh standalone battery storage project. In February 2020, esVolta closed a sen

How BC s Fossil Fuel Fights Link to a String of Wins in the US

A thin green line with global impact. Latest in a series on creating a zero-carbon bioregion. Robert McClure, executive director of InvestigateWest, is a veteran newspaper reporter, a finalist for the Pulitzer Prize and winner of the John B. Oakes Award for Distinguished Environmental Journalism. SHARES Familiar mood, different Vancouver. Protesters block an oil-carrying train in Vancouver, Wash. in 2016 part of a two-decade movement spanning Alaska to California. Photo: Alex Milan Tracy, the Associated Press. [Editor’s note: This is part of a year-long occasional series of articles produced by InvestigateWest in partnership with The Tyee and other news organizations on shifting the Cascadia region to a zero-carbon economy.]

US Says BP Pays $24 4 Million But Challenges Natgas Manipulation Fine

Reuters Your browser does not support the audio element. BP Plc paid almost $24.4 million to the U.S. Treasury to cover allegations company traders manipulated natural gas markets in 2008, but is still challenging the fine in court, U.S. energy regulators said in a filing. The U.S. Federal Energy Regulatory Commission (FERC) alleged BP violated the Natural Gas Act by manipulating the next-day gas market at Houston Ship Channel from mid-September through Nov. 30, 2008. FERC said in a filing late Jan. 5 that BP paid the fine on Dec. 28 but noted the company said it intends to seek review in the U.S. Court of Appeals for the Fifth Circuit.

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