Breaking News
Pentagon Creating National Guard 'Quick Reaction Forces' Across US: Reports
Tulsi Gabbard confirms official probe into Anthony Fauci for perjury...
Sen John Kennedy exposes the US Department of Interior under Biden created a DEI program for owls
Grassley Investigates Gates, Rockefeller, and Ford Foundations Over Alleged CCP Funding
Top Tech News
Graphene Dream Becomes a Reality as Miracle Material Enters Production for Better Chips, Batteries
Virtual Fencing May Allow Thousands More Cattle to Be Ranched on Land Rather Than in Barns
Prominent Personalities Sign Letter Seeking Ban On 'Development Of Superintelligence'
Why 'Mirror Life' Is Causing Some Genetic Scientists To Freak Out
Retina e-paper promises screens 'visually indistinguishable from reality'
Scientists baffled as interstellar visitor appears to reverse thrust before vanishing behind the sun
Future of Satellite of Direct to Cellphone
Amazon goes nuclear with new modular reactor plant
China Is Making 800-Mile EV Batteries. Here's Why America Can't Have Them
China Innovates: Transforming Sand into Paper
Southern California Edison To Bring Online 50 MW Tesla Powerpack 2 Systems
The 50 MW projects (utilizing Tesla's Powerpack 2) are conducted by Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group (a global finance corporation).
Beside the large scale of storage systems, Macquarie boasts an industry-first battery storage project financing.
According to the press release, SCE will actually purchase capacity from the Macquarie-owned fleet of behind-the-meter, battery-based energy storage systems, under a 10-year capacity contract to provide load reduction services, as part of SCE's plan to modernize the grid by 2022.
"Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group ("Macquarie") (ASX: MQG; ADR: MQBKY), today announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank.