California is poised to receive two large battery storage projects, aimed at supporting the state’s rapid adoption of solar. And while South American lithium producers have been slow to scale to meet the rising demand, at the BNEF Summit in New York this week, Aleksey Yefremov of Instinet noted that Chinese and Australian lithium producers had quickly moved in to fill the gap. Macquarie has closed a third debt financing round for three MWh of batteries, part of its planned 63 MW, 97 MWh battery project for Southern California Edison . Meanwhile, the Los Angeles Department of Water and Power ( the Los Angeles Department of Water and Power ) is reportedly set to install 1.8 GW of batteries to provide capacity when 340 major gas plants are closed.
California is poised to receive two large battery storage projects, aimed at supporting the state’s rapid adoption of solar. Macquarie has closed a third debt financing round for three MWh of batteries, part of its planned 63 MW, 97 MWh battery project for Southern California Edison . Meanwhile, the Los Angeles Department of Water and Power ( the Los Angeles Department of Water and Power ) is reportedly set to install 1.8 GW of batteries to provide capacity when 340 major gas plants are closed.