CleanSpark Microgrid Cuts Customer Costs 80%

A recently commissioned solar-plus-storage microgrid in San Diego, California, reduced its host’s electricity bill by about 80% in its first month of operation, according to CleanSpark, one of the project’s partners. The microgrid was designed for WS Display/San Diego Sign to provide economic optimization and cleaner energy, as well as cut … [Read more...]

Verdant Microgrid Partners with ClearGen and Blackstone in $150 Million Financing Agreement

Clean energy developer Verdant Microgrid has finalized an exclusive $150 million financing agreement with ClearGen, a Blackstone Credit portfolio company. Founded in 2018, Verdant Microgrid is a US energy company that designs, builds and operates distributed generation projects for commercial and industrial customers. Verdant’s project … [Read more...]

Maryland RFI Seeks Microgrid Information to Help Electrify Bus Fleet

The Maryland Department of Transportation (MDOT) has issued a request for information (RFI) for firms that can plan, provide, operate, and maintain facilities for bus electrification, and it is considering incorporating microgrids into the project. The due date for responding is July 21. The RFI (RFI-21-064-EQ) issued June 23 by the … [Read more...]

IKEA Foundation and Rockefeller to Infuse $1 Billion into Global Electrification

The IKEA Foundation, a philanthropic organization formed by the founder of furniture giant IKEA, and The Rockefeller Foundation have set up a $1 billion platform to develop minigrids and other decentralized energy projects for the 3.6 billion people with unreliable electricity or none at all. Announced Monday, the program aims to reduce 1 … [Read more...]

UC Berkeley Seeks Help as It Pursues Microgrid Project

The University of California, Berkeley, has issued a request for proposals (RFP) for a financial consultant to help the university set up a renewable energy microgrid covering its campus. After studying the issue for several years, the university late last year narrowed its options for replacing its aging natural gas-fired combined heat and … [Read more...]

Scale Microgrid Solutions Acquires Microgrid in Bridgeport, Connecticut

As part of its growth strategy, Scale Microgrid Solutions has acquired a microgrid that serves three key municipal facilities in Bridgeport, Connecticut. “Scale is investing hundreds of millions of dollars to acquire and optimize distributed energy resources, including those currently in commercial operations or in late-stage development,” … [Read more...]

Maryland Agency Awards $566,000 in Microgrid Grants

The Maryland Energy Administration (MEA) issued $566,000 in microgrid grants to eight organizations to fund feasibility studies, planning and design for projects. The funding is from the agency’s Resilient Maryland program, which aims to help eligible organizations and governmental entities set up microgrids, resiliency hubs, resilient … [Read more...]

BRIC Microgrid Opportunity Grows as Biden Doubles Funding to $1 Billion

In an opportunity for microgrids and energy storage, the Biden administration has doubled to $1 billion the Building Resilient Infrastructure and Communities (BRIC) program, a grant program for infrastructure resiliency. The additional funding for the Federal Emergency Management Agency (FEMA) program will allow more communities to … [Read more...]

Blackstone Commits $500 Million for GreenStruxure Microgrids

A Blackstone company has committed microgrid financing of up to $500 million for GreenStruxure, a joint venture between Schneider Electric and Huck Capital that develops modular, energy-as-a-service microgrids for commercial and industrial (C&I), and governmental medium-sized buildings. The agreement with Blackstone's ClearGen allows … [Read more...]

Crunching the Numbers on Microgrid Costs, Benefits

Microgrid economics is determined by a mix of costs and revenue factors, according to a panel of experts at the Microgrid 2021 conference who explained how to think about making the financials work on what can be complex projects. “The use of financial resources to make these projects go is always a paramount concern for developing the … [Read more...]