8minutenergy Renewables has disclosed a 1GW project pipeline focused on standalone storage and hybrid (solar PV + storage) systems to expand its business into the energy storage market.
The American solar power developer revealed that it is targeting opportunities in major solar markets. This includes California, where it has a portfolio of over 700MW in operational generation assets, along with a 12.5% share in the utility market.
8minutenergy is also pursuing emerging markets like Texas and the Southeast to deliver solar PV and storage solutions that it says are affordable and dispatchable.
8minutenergy Storage Solutions vice president Steve McKenery said: “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.
“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.”
The solar power company will offer energy storage solutions by working with some of the leading manufacturers. Its product range for the market include lithium-ion and flow batteries, flywheels among other storage mediums.
8minutenergy plans to apply its technology-agnostic approach and proven utility-scale solar experience to develop cutting-edge power projects.
8minutenergy storage integration vice president Carl Stills said: “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.
“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.”
The solar power developer has also upgraded its solar PV research and development hub with the addition of energy storage facilities where plant performance innovations and grid balancing capabilities are being evaluated.