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POWER Magazine•3 months ago

•Elevate Renewables, an energy storage and hybrid power generation asset owner, acquired the largest standalone battery storage project in the PJM Interconnection.
•This M&A activity highlights the accelerating investment and consolidation within the large-scale battery storage market, particularly in key ISOs like PJM.
•For developers, this signals strong market demand and valuation for significant storage assets, indicating opportunities for project development and potential acquisition targets.

interconnect

Utility Dive•3 months ago

•PJM has revised its near-term load growth forecast downwards, citing stricter vetting processes for data centers and a cautious economic outlook.
•Despite the near-term reduction, PJM projects significantly higher long-term load growth than previously estimated, indicating a substantial future demand for power.
•For large power consumers, particularly data centers, the 'stricter vetting' implies potential delays or increased scrutiny for new interconnections and capacity additions within PJM.

interconnect

POWER Magazine•3 months ago

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