Energy Capital The Magazine-March-April 2021-Edition 02

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• Sungrow Energy, Chisholm Grid project Location: Fort Worth, Texas. Expected storage capacity: 100 MW. Expected completion date: June 2021. Note: Once completed, it will be the largest battery storage facility in Texas. • Wärtsilä Group, Eolica Coromuel Wind Farm. Location: La Paz, Baja California, Mexico. Expected storage capacity: 10 MW. Expected Completion Date: Not disclosed. Note: first energy storage project of Wärtsilä in Mexico. • PG&E and its expanded battery storage portfolio in California The Pacific Gas & Electric Company expanded its battery storage portfolio for 2022 and 2023. Expected Storage Capacity: 1000 MW (through six initial projects). Expected completion dates: 2022-2023. • NRStor, Oneida Energy Storage project Location: Ontario, Canada. Expected storage capacity: 250 MW. Expected construction date: 2022. Note: Upon completion by 2024, it will be the largest complex of its kind in Canada.

A transition or a revolution? The energy transition is taking place with different approaches across the region, not only on a material basis but also in each country's regulatory realms. In the US, for instance, federal, state, and local governments and electric utilities encourage programs such as the Renewable Electricity Production Tax Credit (PTC), the Investment Tax Credit (ITC), the Residential Energy Credit, and the renewable energy certificates or credits (RECs). Besides, most states

have some financial incentives available to subsidize the installation of renewable energy equipment. In Canada, the government manages funding, grants, and incentive programs to encourage renewable energy research, development, and demonstration. These efforts include the Energy Innovation and the Green Infrastructure programs, among several others. The administration is also helping oil & gas companies transition through the Oil and Gas Clean Tech Program. For Mexico, the scenario is very different. According to a Wood Mackenzie report released in 2020, the country won't reach its 35% clean energy target by 2024. Core reasons behind this situation are the nondefinite cancellation of new electricity auctions due to the Covid-19 crisis, the increasing centralization of the electric market, and the announcement of new Federal Electricity Commission's (CFE) combinedcycle gas plants additions. In conclusion, different speeds and paces are evident within the US as a whole. In Canada, this transformation is also expanding and evolving with a sense of urgency. On Mexico's side, the country is currently facing its government's reluctance to reinforce its existing renewable infrastructure further. While the transition is impending, it will highly depend on the vision its players acquire upon infrastructure to be remembered as a real revolution. 17


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