News
Nevada geothermal industry gets boost with discoveries of ‘blind’ systems
University of Nevada - May 21
Geothermal power potential in Nevada is heating up – with two successful discoveries in the Great Basin by the Nevada Bureau of Mines and Geology using a previously untried method for finding hidden geothermal resources. Both discovered systems are blind – meaning there are no surface indications of hot water – and there had been no exploration previously in one of these areas and only minor previous exploration in the other.
Goldman Sachs becomes solar supplier to California CCAs as its acquisition spree continues
Greentech Media - May 16
Canadian Solar subsidiary Recurrent Energy has sold its remaining equity stake in the 100-megawatt Mustang solar project, a key resource for California’s flagship community-choice aggregators, to the Renewable Power Group of Goldman Sachs Asset Management. With the Mustang project, Goldman Sachs Asset Management has also put its money behind the first big California solar project built specifically for community-choice aggregators — in this case, Sonoma Clean Energy and Marin Clean Energy (now MCE), which buy its electricity under long-term power-purchase agreements.
Senator Collins offers bill to boost battery research as GOP pushes energy 'innovation'
The Hill – May 22
Senator Susan Collins (R-Maine) introduced a bill this Wednesday to boost the reliability of wind and solar electricity, aiming to provide $60 million annually for five years toward developing batteries and other types of next-generation storage as a backstop for intermittent generation. The bill comes as other Republicans, who have hailed innovation as the strategy for solving global warming, say they are working on crafting energy legislation that could serve as the party’s alternative to the progressive Green New Deal.
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