Información sectorial

European Grid Edge M&A Alert: Centrica Buys REstore for $81M

REstore, the Belgian startup that’s taken a leading role in Europe’s emerging demand response markets, has been acquired by U.K.-based utility and energy provider Centrica for €70 million ($81.4 million) in cash. It’s the latest acquisition in a year busy with European utilities shopping for startups to help them compete in a distributed energy future. 

PNM issues RFP for 456 MW of resources, pushing for renewables and storage

Public Service Company of New Mexico (PNM) has issued a request for proposals for 456 MW of resources, including renewable energy and battery storage resources. The resources are identified in the utility’s 2017-2036 integrated resource plan with the understanding that the coal-fired San Juan plant will close at the end of 2022. The utility announced earlier this year that it plans to phase out coal-fired generation completely, with plans to fill that gap with natural gas, storage and solar energy.

Ore. utility proposes up to approximately 39 MW of storage projects

Portland General Electric is proposing to install up to 38.7 megawatts of energy storage devices through a variety of projects ranging from microgrids to residential storage projects, according to a Nov. 1 filing with the Oregon Public Utility Commission. 

Lazard: Falling clean energy costs don't yet spell the end of baseload generation

Lazard has analyzed of the financials of energy from various generation sources, and storage for different applications, finding clean energy resources are broadly declining in cost. But while renewables are "increasingly cost-competitive" and storage technology "holds great promise," the firm said alternative energy systems alone "will not be capable of meeting the baseload generation needs of a developed economy for the foreseeable future." 

In new trend, utilities propose separate rate classes for solar customers without rate increase

Among a record level of U.S. solar policy actions tallied by the North Carolina Clean Energy Technology Center (NC CETC) in its latest quarterly report, a potentially important new approach to the renewable resource emerged. “Some utilities proposed separating customers who own distributed generation into their own rate class, but without actually proposing any rate increases or rate changes,” Autumn Proudlove, the center's manager of policy research, said.