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Energy Storage News•about 2 months ago

•The US Department of Energy (DOE) has provided a substantial US$26.5 billion loan package to Southern Company's subsidiaries in Georgia and Alabama.
•This financing supports the development of 16 GW of new generation capacity, explicitly including Battery Energy Storage Systems (BESS).
•The loan signals strong federal policy support for large-scale utility infrastructure projects, potentially leveraging programs like the IRA for significant capital deployment.

storage

Utility Dive•about 2 months ago

•Governors are under pressure to lower power bills, but the current default approach of expanding traditional infrastructure risks significant rate increases.
•Relying on new poles, wires, substations, and peaker plants for every new megawatt of demand is identified as a primary driver of future 'rate shock'.
•The article advocates for an unspecified 'credible path' that moves beyond conventional infrastructure expansion to achieve sustainable and lower electricity costs, implying a need for innovative, distributed, or non-wires alternatives.

storage

Energy Storage News•about 2 months ago

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