2023-12-08 20:40:00

MGE's Use of Solar and Battery Storage to Grow with Purchase of Darien Solar Energy Center

Logo Benzinga
Benzinga
By Business Wire

Approval to purchase a share of the Darien Solar Energy Center is latest step in advancing MGE's net-zero carbon electricity goal.

Madison Gas and Electric (MGE), in partnership with We Energies and Wisconsin Public Service (WPS), subsidiaries of WEC Energy Group, received approval from the Public Service Commission of Wisconsin to purchase solar energy and battery storage from the Darien Solar Energy Center. MGE will own 25 megawatts (MW) of solar energy and 7.5 MW of battery storage from the 250-MW solar and 75-MW battery storage facility in Rock and Walworth Counties in southern Wisconsin.

"The Darien Solar Energy Center is another important step in our ongoing transition to cleaner energy sources, reducing carbon at least 80% by the end of this decade and achieving net-zero carbon electricity by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "MGE's investments in cost-effective, clean energy and battery storage technology help ensure that all our customers will experience the economic and environmental benefits of our clean energy transition."

Continue read on benzinga.com

Logo PR Newswire
Sunlight Group acquires 51% of Triathlon Holding; Companies shall continue autonomous commercial operations, while leveraging synergies ATHENS, Greece, Dec....

Logo Benzinga
MarketsBy Pr Newswire2023-12-08 13:00:00
Sunlight Group acquires 51% of Triathlon Holding; Companies shall continue autonomous commercial operations, while leveraging synergies ATHENS, Greece, Dec....

Logo PR Newswire
VANCOUVER, BC, Dec. 8, 2022 /CNW/ - NG Energy International Corp. (" NGE " or the " Company ") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the...

Logo Benzinga
Business / FinanceBy Business Wire2023-12-08 16:03:00
Leader in concentrated solar thermal power (CSP) aims to integrate sodium-ion batteries to maximize energy storage performance Vast Solar Pty Ltd. (Vast), an...

Logo Fortune
Business / FinanceBy Jeff Amy2023-12-08 17:28:40
Joe Biden's Inflation Reduction Act has incentives for batteries made in the U.S.

Logo The Business Journals
Markets2023-12-07 21:02:50
The new sites advanced solar generation capabilities will provide vital experience and the ability to evaluate emerging commercial technology, SRP said. It...

Logo The Business Journals
Markets2023-12-08 19:50:27
The acquisition gives Olympia Group a third U.S. site to go along with the Sunlight Batteries operations in Greensboro and Mebane.

Logo PR Newswire
CHICAGO, Dec. 8, 2022 /PRNewswire/ -- According to Arizton's latest research report, the APAC green data center market will grow at a CAGR of 11% from...

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-12-08 14:19:05
Energy stocks were rallying pre-bell Thursday with the Energy Select Sector SPDR ( XLE ) climbing by nearly 2.0% recently. The United States Oil Fund ( USO )...

Logo U.S. News & World Report
PoliticsBy Associated Press2023-12-08 15:17:54
ATLANTA (AP) Hyundai Motor Group and a South Korean battery maker say they will jointly invest $4 billion to $5 billion in Georgia to build a new electric...

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-12-07 20:52:36
Energy stocks were ending moderately lower Wednesday afternoon, with the NYSE Energy Sector Index dropping 0.5% while the SPDR Energy Select Sector ETF (XLE)...

Logo InvestorPlace
MarketsBy Josh Enomoto2023-12-08 14:00:27
With climate change and geopolitical flashpoints converging this year, it may be time for investors to consider the top battery stock picks for 2023. While...

Logo OilPrice.com
MarketsBy Alex Kimani2023-12-08 00:00:00
Scores of solar stocks rallied hard on Friday after a probe by the U.S. Commerce Department cleared several companies of tariff evasion though some foreign...

Logo The Business Journals
Business / Finance2023-12-08 12:40:56
South Korea-based LG Chem is building a $3.2 billion electric vehicle battery cathode materials plant in Clarksville, 45 miles northwest of Nashville. It is...

Logo Bloomberg
MarketsBy Vanessa Dezem2023-12-08 06:00:00
German utility EnBW Energie Baden-Wuerttemberg AG agreed to import liquefied natural gas and green ammonia for 25 years as the country substitutes lower...

Logo Nasdaq
Business / FinanceBy Rtt News2023-12-08 12:40:36
(RTTNews) - Air Products And Chemicals Inc. (APD) and AES Corp. (AES) announced Thursday plans to invest around $4 billion to build, own and operate a green...

Logo Nasdaq
Business / FinanceBy Rtt News2023-12-08 13:55:32
(RTTNews) - Stem, Inc. (STEM) announced four 9.9 megawatts standalone energy storage projects in Texas with REX Storage Holdings, LLC. REX is a joint venture...

Logo PR Newswire
TORONTO, Dec. 7, 2022 /CNW/ - Westbridge Renewable Energy Corporation (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (" Westbridge Renewable " or the " Company ") is...

Logo Benzinga
MarketsBy Pr Newswire2023-12-08 10:15:00
Regulators and utilities should consider LEMs to assist with grid stabilization, increased flexibility to integrate more DER, and energy cost reductions for...

Logo PR Newswire
Quarterly dividend declared OKLAHOMA CITY, Dec. 8, 2022 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), announces the election of Cathy R. Gates to the OGE...