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Qcells and Nofar USA Sign Agreement to Develop Energy Storage Projects in Texas

LCG, March 26, 2025--Qcells USA Corp. (Qcells), a wholly owned subsidiary of Hanwha Qcells, and Nofar USA (Nofar), a wholly owned subsidiary of Nofar Energy, recently announced a signed agreement to cooperate on the development and construction of two energy storage projects in Texas. The projects have a combined capacity of 350 MW with a 2-hour duration (700 MWh).

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SPP Receives FERC Approval to be First RTO Operating in Both Eastern and Western Interconnections

LCG, March 205, 2025--The Southwest Power Pool (SPP) today announced it will soon be the first regional transmission organization (RTO) in the nation to provide full services in both the Eastern and Western Interconnections of the U.S. power grid. On March 20, the Federal Energy Regulatory Commission (FERC) unanimously approved Southwest Power Pool’s amended tariff that includes provisions that enable Western members to join the RTO. The expansion of the SPP RTO is scheduled to go live April 1, 2026.

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Industry News

Florida Power & Light Will Cut Rates

LCG, March 14, 2002-The Florida Power & Light Company came to an agreement with Florida officials and electricity consumers, allowing for a 7 percent decrease in electricity rates over the next four years.

A subsidiary of the FLP Group Inc., the Florida company announced that the rate cut will reduce base charges by $250 million and fuel charges by $200 million per year. The plan requires the company to turn over revenues that exceed a specified amount, $450 million for 2002, to Florida customers.

The decision has yet to be approved by the Florida Public Service Commission.

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