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The Game Changer Competitive Grant Program is designed to support novel renewable energy (electric and/or thermal) systems or deployment strategies. Successful projects must result in additional renewable energy capacity installed in the state of Maryland, within the grant period.
The lithium-ion (Li-ion) energy storage systems will be used to mitigate power fluctuations inherent with solar-generated electricity.
“The price of electricity sold to utilities under long term contracts from large-scale solar power projects has fallen by more than 70% since 2008, to just $50/MWh on average within a sample of contracts signed in 2013 or 2014 and concentrated among projects located in the southwestern United States,” explains Mark Bolinger of Berkeley Lab, one of the report’s authors.
Scientists put the growth acceleration down to rising temperatures, extended growing season as well as increased carbon dioxide and nitrogen.
The company will acquire and construct three solar facilities – totaling 128 megawatts (MW) of capacity – including the largest solar photovoltaic (PV) facility east of the Mississippi River. The three facilities will be located in Bladen, Duplin and Wilson counties.Duke Energy also signed power-purchase agreements with five new solar projects in the state, representing 150 MW of capacity.