Gridmatic, the industry-leading AI-enabled power marketer, announces the launch of its first Energy Storage Fund, a $50 million fund Gridmatic will use to oversee the management of up to 500 MW of battery capacity in the ERCOT and CAISO markets.
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Mexico is seeing a surge of large-scale solar and battery storage proposals across multiple states following an October decree that sets clearer rules for private energy investments. From pv magazine LatAm.
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Building 36 GW of solar and 30 GWh of battery storage to reach a 45% clean electricity share by 2030 could cost up to 50% more than the global average.
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Recently, the Mexican Ministry of Energy announced a new regulation mandating that all newly built wind and solar PV projects must be equipped with energy storage systems accounting for at least 30% of their capacity, with a minimum storage duration of three hours.
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