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Canadian Solar Announces New Battery Energy Storage Projects in California and Texas

LCG, March 6, 2025--Canadian Solar Inc. (Canadian Solar) announced today that e-STORAGE, a subsidiary of Canadian Solar majority-owned subsidiary CSI Solar Co., Ltd. (CSI Solar), has secured Battery Supply Agreements and Long-Term Service Agreements (LTSA) for two major battery energy storage projects developed by Aypa Power, a Blackstone portfolio company. These projects are designed to improve grid resilience and support renewable energy integration. Construction of the projects is planned to begin in Q3 2025.

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GE Vernova and AWS Announce Strategic Framework Agreement to Support AWS's Data Center Growth and to Address Global Energy Demand and Grid Challenges

LCG, March 5, 2025--GE Vernova and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced yesterday the signing of a strategic framework agreement (SFA) designed to (i) support AWS’s data center scaling and (ii) provide collaboration to address increasing global energy demand, advance grid security and reliability, and decarbonization of electric power systems.

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Industry News

NV Energy Offers Commercial Customers Low-Cost Renewable Energy Rate Option

LCG, March 7, 2019--NV Energy filed additional information with the Public Utilities Commission of Nevada (PUCN) about the Nevada GreenEnergy Rider (NGR 2.0) last week that makes available over a million megawatt hours of renewable energy resources for large commercial customers.

NV Energy's president and chief executive officer stated, "We believe we are the best energy partner for our customers and will continue to work closely with them to keep them as fully-bundled customers. NGR 2.0 offers eligible customers the ability to pay a rate directly tied to low-cost, Nevada-based solar resources, which is in line with our own philosophy to provide all of our customers with clean energy, while keeping rates low. This sustainable energy solution is a win-win as eligible customers will reduce their energy costs while NV Energy retains the renewable energy credits in order to comply with Nevada's renewable portfolio standard for the benefit of all customers."

The NGR 2.0 offering will reduce the cost most eligible commercial customers, including casinos and government entities, pay for electric service. Commercial customers who use a minimum of 8,760 megawatt hours of energy and have a load factor of 50 percent with an annual usage of one megawatt or more are eligible to participate. Governmental entities need only use 8,760 megawatt hours of energy annually.

The initial allotments for the renewable energy rate include up to 565,000 megawatt hours of solar for southern Nevada customers and 375,000 megawatt hours for those in the north.

The new NV Energy offering aims to retain existing customers and to avoid customers discontinuing electric service from NV Energy.

NV Energy will use an "open window" period for enrollment, which includes a first-in-time, first-in-right approach to designate renewable energy allotments. The first enrollment window will open on March 18, 2019, and will remain open until the resource pool is full.
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