Dive Summary:
- Pacific Gas & Electric (PG&E) has received approval from the California Public Utilities Commission on an energy purchase agreement with SolarReserve.
- The agreement allows PG&E to power from SolarReserve's Rice Solar Energy Project; all-told the Rice project could power 65,000 homes.
- The agreement will go into effect on June 1, 2016; the Rice project should be completed before 2016 and will cost $750 million and create more than 5,300 jobs.
From the article:
SolarReserve claims that the Rice Solar Energy Project is the largest of its kind in California to incorporate a comprehensive energy storage system. Most storage systems that are associated with alternative energy are separated from the energy system itself. By incorporating storage into the project itself, SolarReserve believes that it has created a more efficient system overall that will be more capable of delivering the electrical power that is needed. ...