California ISO (CAISO) is gearing up for another rapid expansion in battery storage capacity in 2024, building upon its position as the leading provider of electrochemical energy storage assets in the United States.
Developers are set to install 6,813 MW of battery power storage within CAISO’s jurisdiction this year, per S&P Global Market Intelligence data. It will largely consist of 4-hour lithium-ion resources, marking a significant increase from the additions seen in 2023.
Non-hydro energy storage connected to CAISO’s grid stood at 8,453 MW at the start of the year. Most of which was built over the past 4 years.
Charging Ahead with Battery Power
Battery projects constitute the largest portion of the planned 12,126 MW of net CAISO capacity additions in 2024. This is followed by an anticipated new solar capacity of 4,801 MW, often integrated with storage.

Despite potential delays in development timelines, many projects scheduled for completion in 2024 are progressing toward energization ahead of the peak summer demand season. Among them is Calpine Corp.’s Nova Power Bank in Menifee, Calif., a massive 680-MW/2,720-MWh battery system expected to come online in June.
Backed by 5 separate offtake agreements and over $1 billion in debt financing, the Nova Power Bank marks the emergence of Houston-headquartered Calpine as a major developer of battery storage facilities in the United States.
This expansion complements its existing portfolio of approximately 26 GW of operating gas and geothermal assets across North America.
The Nova Power Bank project is set to be deployed in phases. Two 230-MW sections are slated to enter commercial operations in June under contracts with Southern California Edison Co. (SCE). This will be followed by a 50-MW phase for community choice aggregator Peninsula Clean Energy in August.
Furthermore, another 110-MW section for SCE will start service in September, with a final 60-MW tranche to start in 2025. This timeline positions the Nova Power Bank to become operational in less than 5 years following the retirement of GE’s financially struggling combined-cycle gas plant in January 2020.
Alex Makler, senior vice president of Calpine’s Western US region, noted in an interview.
“It’s [battery storage] not only economically valuable; it’s really valuable from a system planning standpoint. It helps with ensuring reliability, adequate supply and it makes room for even more development of renewables.”
Powering Progress with Clean Energy Projects
Arevon Energy Inc. is also actively constructing storage and solar projects in California. These include the Condor Battery Storage Project in San Bernardino County and the Vikings solar-plus-storage complex in Imperial County.
Long-term offtake agreements with utilities and community choice aggregators support these projects.
The contracts assist in meeting the requirements set forth by the California Public Utilities Commission’s significant 2021 mandate for load-serving entities to secure a minimum of 11,500 MW of clean energy resources by 2026.
The directive was originally designed to address potential shortfalls resulting from the anticipated decommissioning of Pacific Gas and Electric Co.’s 2,240-MW Diablo Canyon nuclear power plant in San Luis Obispo County, California, as well as several aging gas plants.

The aim is to meet state regulations mandating the procurement of clean energy resources. The delay in retirements of aging gas plants and the Diablo Canyon nuclear power plant has prompted a slowdown in generation retirements in California, with only minimal capacity expected to retire in 2024.
As the development of energy resources accelerates, CAISO is undertaking reforms to streamline its generator interconnection process. This is to ensure a smoother pathway for future energy and storage projects.
This initiative aligns with the state’s ambitious goals, such as those outlined in Senate Bill 100. The ultimate goal is to reinforce the importance of timely and efficient resource onboarding to maintain progress toward sustainable energy.
Energizing Homes with Sustainable Battery Solutions
Once finalized, the Nova Power Bank project could provide power for up to 680,000 homes for up to 4 hours. This capacity is particularly crucial during the early evening hours when power demand surges, coinciding with low solar power generation.
Calpine is actively exploring opportunities to enhance or replace additional facilities within its portfolio with battery systems. This move aligns with a broader industry trend of leveraging existing infrastructure and leveraging federal tax credits.
Calpine has already integrated lithium-ion batteries into its operations at the Russell City Energy Center in Hayward, California, providing “black start” capability to aid grid recovery from blackouts. Integrating batteries into generation operations allows for quicker starts and smoother startup or shutdown processes, Makler explained.
The company boasts a pipeline of around 2,000 MW of additional battery power storage capacity in California. This includes standalone projects and systems co-located with other power plants.
The state has massively increased its battery storage by 757% in just 4 years, from 2020 to 2023 as seen below.

California ISO is leading the charge in battery storage expansion, with 6,813 MW of capacity slated for installation in 2024. As the state pushes towards clean energy goals, streamlined interconnection processes and innovative projects like Nova Power Bank will be instrumental in maintaining progress towards its decarbonization journey.
The post Is the Battery Boom Heating Up? California Leads the Charge! appeared first on Carbon Credits.
Carbon Footprint
Climate Impact Partners Unveils High-Quality Carbon Credits from Sabah Rainforest in Malaysia
The voluntary carbon market is changing. Buyers are no longer focused only on large volumes of cheap credits. Instead, they want projects with strong science, long-term monitoring, and clear proof that carbon has truly been removed from the atmosphere. That shift is drawing more attention to high-integrity, nature-based projects.
One project now gaining that spotlight is the Sabah INFAPRO rainforest rehabilitation project in Malaysia. Climate Impact Partners announced that the project is now issuing verified carbon removal credits, opening access to one of the highest-quality nature-based removals currently available in the global market.
Restoring One of the World’s Richest Rainforest Ecosystems
The project is located in Sabah, Malaysia, on the island of Borneo. This region is home to tropical dipterocarp rainforest, one of the richest forest ecosystems on Earth. These forests store huge amounts of carbon and support extraordinary biodiversity. Some dipterocarp trees can grow up to 70 meters tall, creating habitat for orangutans, pygmy elephants, gibbons, sun bears, and the critically endangered Sumatran rhino.
However, the forest within the INFAPRO project area was not intact. In the 1980s, selective logging removed many of the most valuable tree species, especially large dipterocarps. That caused serious ecological damage. Once the key mother trees were gone, natural regeneration became much harder. Young seedlings also had to compete with dense vines and shrubs, which slowed the forest’s recovery.
To repair that damage, the INFAPRO project was launched in the Ulu-Segama forestry management unit in eastern Sabah.
- The project has restored more than 25,000 hectares of logged-over rainforest.
- It was developed by Face the Future in cooperation with Yayasan Sabah, while Climate Impact Partners has supported the project and helped bring its credits to market.
Why Sabah’s Carbon Removals are Attracting Attention
What makes Sabah INFAPRO different is not only the size of the restoration effort. It is also the way the project measured carbon gains.

Many forest carbon projects issue credits in annual vintages based on year-by-year growth estimates. Sabah INFAPRO followed a different path. It used a landscape-scale monitoring system and waited until the forest moved through its strongest natural growth period before issuing removal credits.
- This approach gives the credits more weight. Rather than relying mainly on short-term annual estimates, the project measured carbon sequestration over a longer period. That helps show that the forest delivered real, sustained, and measurable carbon removal.
The scientific backing is also unusually strong. Since 2007, the project has maintained nearly 400 permanent monitoring plots. These plots have allowed researchers, independent auditors, and technical specialists to observe the full growth cycle of dipterocarp forest recovery. The result is a large body of field data that supports carbon calculations and strengthens confidence in the credits.
In simple terms, buyers are not just being asked to trust a model. They are being shown years of direct forest monitoring across the project landscape.
Strong Ratings Support Market Confidence
Independent assessment has also lifted the project’s profile. BeZero awarded Sabah INFAPRO an A.pre overall rating and an AA score for permanence. That places the project among the highest-rated Improved Forest Management, or IFM, projects in the world.
The rating reflects several important strengths. First, the project has very low exposure to reversal risk. Second, it has a long and stable operating history. Third, its measured carbon gains align well with peer-reviewed ecological research and independent analysis.
These points matter in today’s market. Buyers have become more cautious after years of debate over the quality of some forest carbon credits. As a result, they now look more closely at durability, transparency, and third-party validation. Sabah INFAPRO’s rating helps answer those concerns and makes the project more attractive to companies looking for credible carbon removal.
The project is also registered with Verra’s Verified Carbon Standard under the name INFAPRO Rehabilitation of Logged-over Dipterocarp Forest in Sabah, Malaysia. That adds another level of market recognition and verification.
A Wider Model for Rainforest Recovery
Sabah INFAPRO also shows why high-quality nature-based projects are about more than carbon alone. The restoration effort supports broader ecological recovery in one of the world’s most important rainforest regions.
Climate Impact Partners said it has worked with project partners to restore degraded areas, run local training programs, carry out monthly forest patrols, and distribute seedlings to support rainforest recovery beyond the project boundary. These efforts help strengthen the wider landscape and expand the project’s environmental impact.
That broader value is becoming more important for buyers. Companies increasingly want projects that support biodiversity, ecosystem health, and local engagement, along with carbon removal. Sabah INFAPRO offers that mix, making it a stronger fit for the market’s shift toward higher-integrity credits.

The post Climate Impact Partners Unveils High-Quality Carbon Credits from Sabah Rainforest in Malaysia appeared first on Carbon Credits.
Carbon Footprint
Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story
Bitcoin’s recent drop below $70,000 reflects more than short-term market pressure. It signals a deeper shift. The world’s largest cryptocurrency is becoming increasingly tied to global energy markets.
For years, Bitcoin has moved mainly on investor sentiment, adoption trends, and regulation. Today, another force is shaping its direction: the cost of energy.
As oil prices rise and electricity markets tighten, Bitcoin is starting to behave less like a tech asset and more like an energy-dependent system. This shift is changing how investors, analysts, and policymakers understand crypto.
A Global Power Consumer: Inside Bitcoin’s Energy Use
Bitcoin depends on mining, a process that uses powerful computers to verify transactions. These machines run continuously and consume large amounts of electricity.
Data from the U.S. Energy Information Administration shows Bitcoin mining used between 67 and 240 terawatt-hours (TWh) of electricity in 2023, with a midpoint estimate of about 120 TWh.

Other estimates place consumption closer to 170 TWh per year in 2025. This accounts for roughly 0.5% of global electricity demand. Recently, as of February 2026, estimates see Bitcoin’s energy use reaching over 200 TWh per year.
That level of energy use is significant. Global electricity demand reached about 27,400 TWh in 2023. Bitcoin’s share may seem small, but it is comparable to the power use of mid-sized countries.
The network also requires steady power. Estimates suggest it draws around 10 gigawatts continuously, similar to several large power plants operating at full capacity. This constant demand makes energy costs central to Bitcoin’s economics.
When Oil Rises, Bitcoin Falls
Bitcoin mining is highly sensitive to electricity prices. Energy is the highest operating cost for miners. When power becomes more expensive, profit margins shrink.
Recent market movements show this link clearly. As oil prices rise and inflation concerns persist, energy costs have increased. At the same time, Bitcoin prices have weakened, falling below the $70,000 level.

This is not a coincidence. Studies show a direct relationship between Bitcoin prices, mining activity, and electricity use. When Bitcoin prices rise, more miners join the network, increasing energy demand. When energy costs rise, less efficient miners may shut down, reducing activity and adding selling pressure.
This creates a feedback loop between crypto and energy markets. Bitcoin is no longer driven only by demand and speculation. It is now influenced by the same forces that affect oil, gas, and power prices.
Cleaner Energy Use Is Growing, but Fossil Fuels Still Matter
Bitcoin’s environmental impact depends on its energy mix. This mix is improving, but it remains uneven.
A 2025 study from the Cambridge Centre for Alternative Finance found that 52.4% of Bitcoin mining now uses sustainable energy. This includes both renewable sources (42.6%) and nuclear power (9.8%). The share has risen significantly from about 37.6% in 2022.
Despite this progress, fossil fuels still account for a large portion of mining energy. Natural gas alone makes up about 38.2%, while coal continues to contribute a smaller share.

This reliance on fossil fuels keeps emissions high. Current estimates suggest Bitcoin produces more than 114 million tons of carbon dioxide each year. That puts it in line with emissions from some industrial sectors.
The shift toward cleaner energy is real, but it is not complete. The pace of change will play a key role in how Bitcoin fits into global climate goals.
Bitcoin’s Climate Debate Intensifies
Bitcoin’s growing energy demand has placed it at the center of ESG discussions. Its impact is often measured through three key areas:
- Total electricity use, which rivals that of entire countries.
- Carbon emissions are estimated at over 100 million tons of CO₂ annually.
- Energy intensity, with a single transaction using large amounts of power.

At the same time, the industry is evolving. Mining companies are adopting more efficient hardware and exploring new energy sources. Some operations use excess renewable power or capture waste energy, such as flare gas from oil fields.
These efforts show progress, but they do not fully address the concerns. The gap between Bitcoin’s energy use and its environmental impact remains a key issue for investors and regulators.
- MUST READ: Bitcoin Price Hits All-Time High Above $126K: ETFs, Market Drivers, and the Future of Digital Gold
Bitcoin Is Becoming Part of the Energy System
Bitcoin mining is now closely integrated with the broader energy system. Operators often choose locations based on access to cheap or excess electricity. This includes areas with strong renewable generation or underused energy resources.
This integration creates both opportunities and challenges. On one hand, mining can support energy systems by using power that might otherwise go to waste. It can also provide flexible demand that helps stabilize grids.
On the other hand, it can increase pressure on local electricity supplies and extend the use of fossil fuels if cleaner options are not available.
In the United States, Bitcoin mining could account for up to 2.3% of total electricity demand in certain scenarios. This highlights how quickly the sector is scaling and how closely it is tied to national energy systems.
Energy Markets Are Now Key to Bitcoin’s Future
Looking ahead, the connection between Bitcoin and energy is expected to grow stronger. The network’s computing power, or hash rate, continues to reach new highs, which typically leads to higher energy use.
Electricity will remain the main cost for miners. This means Bitcoin will continue to respond to changes in energy prices and supply conditions. At the same time, governments are starting to pay closer attention to crypto’s environmental impact, which could shape future regulations.

Some forecasts suggest Bitcoin’s energy use could rise sharply if adoption increases, potentially reaching up to 400 TWh in extreme scenarios. However, cleaner energy systems could reduce the carbon impact over time.
Bitcoin is no longer just a financial asset. It is also a large-scale energy consumer and a growing part of the global power system.
As a result, understanding Bitcoin now requires a broader view. Energy prices, electricity markets, and carbon trends are becoming just as important as market demand and investor sentiment.
The message is clear. As energy markets move, Bitcoin is likely to move with them.
The post Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story appeared first on Carbon Credits.
Carbon Footprint
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The post LEGO’s Virginia Factory Goes Big on Solar as Net-Zero Push Speeds Up appeared first on Carbon Credits.
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