星期二, 9月 28, 2021
Home PV Finance LS Power forms new clean energy development firm Rev Renewables

LS Power forms new clean energy development firm Rev Renewables

LS Power announced the formation of Rev Renewables, a new company focusing on the development, acquisition and operation of energy storage and renewable projects. Rev brings together the storage and renewable assets of parent company LS Power — a firm with three decades of investment, innovation and development experience in the U.S. power and energy infrastructure industries — along with a team of seasoned industry professionals to create a differentiated clean energy growth platform.

With a 2.4-GW portfolio of operating storage, solar and wind projects on Day 1, Rev launches as one of the largest independent pure-play energy storage and renewables companies in the U.S. today. Rev’s sizeable portfolio includes a California-based battery storage portfolio (615 MW by the end of 2022) that includes Gateway, the world’s largest battery at 250 MW when it was energized in 2020; the largest non-utility pumped storage hydro portfolio in the mid-Atlantic region of PJM (1,620 MW); wind assets (132 MW); and a portfolio of 25 solar power facilities spanning 14 states (467 MWdc/365MWac). Rev also has a robust development pipeline of projects underway across the country.

“Energy storage and renewable generation are essential components in meeting our decarbonization goals while maintaining affordability, reliability and resilience,” said Paul Segal, CEO of LS Power. “The rising demand for clean energy solutions presents a once-in-a-lifetime opportunity for Rev Renewables to deploy its human and capital resources into storage, solar and wind projects. Rev is the latest effort by LS Power to support the commercialization and deployment at-scale of clean energy technologies.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Modules Manufactured in Europe Emit 40% Less CO2 than the Chinese: Fraunhofer ISE

Researchers at the Fraunhofer Institute for Solar Energy have claimed that solar modules manufactured in the European Union produce 40% less carbon dioxide than...

Generac unveils new microinverter as part of move into solar, energy storage

Generac, a U.S. manufacturer of backup power generation products for the residential, light commercial and industrial markets, has unveiled two new solar microinverter models...

China pledges not to build new coal plants abroad yet questions remain

“China will step up support for other developing countries in developing green and low-carbon energy and will not build new coal-fired power projects abroad,”...

Circular economy could support India’s push for clean energy, self-reliance

With approximately 44 GW of installed PV capacity and 40 GW of installed wind capacity as of July – against a 450 GW renewables...