Developer, using Iron-air technology instead of lithium-ion for long-duration storage, will build first state facility at PG&E plant site—as U.S. battery installation set new records in the third quarter and is set to in 2024.
Major wind developer, and others that include giant Equinor, predict millions in writedowns as first projects face tough economics, but proponents see a solid market that needs government attention to current obstacles.
Offshore wind’s dual tendency to highlight critical needs and shatter expectations has shown itself more than once. Like our other infrastructure, it needs large-scale, long-term investments in which both public and private sectors play a role.
The state announced it would purchase uncontracted energy to sell to utilities to propel the market, as key developer Equinor launches the first undersea robotic analysis and design of its deepwater project site off Morro Bay.
Energy and resilience megaprojects starting and planned in New York and New Jersey pose big logistical challenges but will generate economic and quality of life benefits, said public and private industry experts at Sept. 15 ENR forum in New York City.
Drilling rigs are punching the last of 320 boreholes this summer on a full city block along the East River, where Lendlease is building a 789,000-sq-ft mixed-use complex of five buildings in Brooklyn’s Greenpoint neighborhood.