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Strata Clean Energy has closed on $559 million in financing for the construction and ownership of the Scatter Wash battery storage complex, a 255 MW storage facility that broke ground last month and is expected to be operational by mid-next year.

“The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” says Markus Wilhelm, CEO of Strata Clean Energy. “This opportunity to collaborate with our financing partners to bring this critical project to fruition will create a lasting, sustainable impact on a region that struggles with grid challenges and extreme heat.”

The Scatter Wash complex will store enough electricity to power 50,000 Arizona homes during peak summer conditions for 20 years, adds the company. Last May, Strata signed a 20-year tolling agreement with Arizona Public Service on the project.

J.P. Morgan and Nomura acted as coordinating lead arrangers and joint bookrunners. J.P. Morgan also fulfilled roles as administrative agent, depositary agent and collateral agent. The financing was further supported by U.S. Bancorp Impact Finance and CoBank as coordinating lead arrangers with The Korea Development Bank and Norddeutsche Landesbank as joint lead arrangers. Siemens and Regions contributed as lenders in this transformative project. U.S. Bancorp Impact Finance was also the primary tax equity investor.

The post Strata Clean Energy Secures $559 Million Financing for 1 GWh Arizona BESS Project  appeared first on Solar Industry.

Strata Secures $559 Million Financing for 1 GWh Arizona BESS Project 

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Renewable Energy

Metaphysics

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Here’s a very short video on the subject of metaphysics, the philosophy of being and reality.

It’s a great example of what I mean when I say that it has been a terrible last few centuries for philosophers.

In ancient times, if you wanted to know what the fundamental building blocks of the universe, you asked a philosopher, perhaps the ancient Athenian Democritus, who propounded the theory of the atom, which was, by definition, indivisible.  Now we refer this question to the realm of particle physics.

Far more recently, those who struggled to know the ultimate nature of reality asked a metaphysician.  Now, once again, we’ve put our trust in science.

I hope you’ll check out the video linked above.

Metaphysics

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Renewable Energy

Invest in Small Wind … At Your Peril

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As a PhD colleague once told me, “If you don’t care how much of pay for electricity, I’ll get you all the renewable energy you could ever ask for.”

In this case, I’d guess the average price per kwh for the typical American household would be somewhere between $5 and $10.

They want you to invest.  Have you ever asked why people with their own money at stake have abandoned these ideas 20 years ago?

Invest in Small Wind … At Your Peril

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Renewable Energy

The U.S. Civil War Didn’t Need to Happen

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At left we see why Lincoln would have done well to let the Confederacy cede from the Union.  He could have simply written a letter to Robert E. Lee stating:

Keep your slaves and your land…for now. Wait until you experience the effects of near-zero industrial and military technology development and the civilized world’s refusal to trade with you barbarians.  By the end of the 19th Century, a stiff breeze will blow you away. Maybe some future U.S. president will invade you with a troop of Boy Scouts with slingshots, or maybe a handful of banditos will ride up from Mexico.

The U.S. Civil War Didn’t Need to Happen

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