January 6th, 2017
This week’s TOP 5 includes the start of operation of Tesla’s Gigafactory, the acquisition of Viridity Energy by Ormat, 75MW of order for Younicos in 2016, the completion of the Belectric acquisition by Innogy, and the publication of a new document from the Oregon PUC providing guidelines on the procurement of storage.
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- Tesla started producing cells in its Gigafactory. At first, only the cells for stationary products will be produced in Nevada, followed by the batteries for the new Model 3 in H2, 2017.
- Ormat technology, the Israeli developer of geothermal projects, acquired Viridity Energy in a $35million deal.
- Younicos announced that it has received order for 75MW of energy storage in 2016. Among those is the 49MW project for Centrica in the UK.
- Innogy (the renewable arm of RWE) has completed the acquisition of Belectric that was had been initiated last summer.
- The Oregon Public Utilities Commission published guidelines on how large utilities should procure energy storage projects. These utilities have been given until 2020 to procure at least 5MWh of storage each.