Largest U.S. independent solar power developer delivers affordable,
dispatchable PV and storage solutions
8minutenergy
Renewables, LLC (“8minutenergy”), the largest independent solar
power developer in the U.S., announced it has expanded into the energy
storage market with a 1 gigawatt (GW) project pipeline. The company is
focused on standalone storage and hybrid (solar PV + storage) systems,
driven by its storage leadership team that has several decades of
experience building some of America’s largest energy storage, renewable
energy, and transmission projects.
8minutenergy is pursuing opportunities in key solar markets, including
California, where the company maintains more than 700 MW in operational
generation assets, and a 12.5% utility market share. The company is also
addressing growing markets such as Texas and the Southeast. Moving into
energy storage aligns with industry forecasts, with GTM
Research predicting that the nation’s annual energy storage capacity
will surge to 655 MW in 2018, and will exceed 2 GW in 2021.
“Utilities and corporations nationwide are looking for reliable,
cost-competitive clean energy solutions. Solar PV and energy storage are
poised to meet this demand while delivering strong returns,” said
8minutenergy’s Vice President of Storage Solutions, Steve McKenery. “Not
only can storage improve project economics, but it can also make
renewable power dispatchable – that’s a clear win for the future of
clean energy.”
8minutenergy is working with industry-leading manufacturers to offer
energy storage solutions featuring lithium-ion and flow batteries,
flywheels, and other storage mediums. In order to develop cutting-edge
power plants, the company applies its technology-agnostic approach and
proven utility-scale solar experience. 8minutenergy has also expanded
its existing solar PV research and development facility by adding energy
storage facilities to test plant performance innovations and grid
balancing capabilities.
“Having worked closely with the largest utilities in America for the
past few decades allows us to uniquely understand our customers’ needs
and system requirements,” said 8minutenergy’s Vice President of Storage
Integration, Carl Stills. “We are working on storage solutions that are
already cost-competitive across the board, improve energy yield, and
maximize renewable incentives. Now with fully dispatchable renewable
energy, we can complement any existing utility portfolio.”
8minutenergy’s core energy storage team includes experts with over 100
years’ of combined experience in the utility, transmission, and storage
sectors; as well as experience in storage development with customers
such as Southern California Edison, Imperial Irrigation District, San
Diego Gas & Electric, Consolidated Edison, Pacific Gas and Electric
Company, and Hawaiian Electric Company. The team has initiated and/or
managed several of America’s largest energy storage projects and
advancements, including the first lithium-ion energy storage project
over 30 MW in the western U.S., and the first utility-scale wind and
storage project in Hawaii. Additionally, the team has numerous patents
pending in battery storage solutions.
To learn more, contact the company at info@8minutenergy.com
or visit www.8minutenergy.com/energy-storage.
About 8minutenergy Renewables, LLC
Founded in 2009, 8minutenergy Renewables is the nation’s largest
independent developer of solar PV and storage projects. To date,
8minutenergy has nearly 5.5 GW under development in North America,
operates over 700 MW in solar assets, and been awarded more than 1.5 GW
in power purchase agreements. The company is developing some of the
largest solar plants in the world, including the 800 MW Mount Signal
farm in California. 8minutenergy has an unmatched ability to produce
affordable clean energy, and to deliver strong financial returns on
utility-scale solar and storage projects. For more information, please
visit www.8minutenergy.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516006209/en/
Copyright Business Wire 2017