Duke Energy Plans Microgrid in North Carolina, Envisions $500 Million in Battery Projects in Long-Term Resource Plan

Duke Energy Progress LLC asked the North Carolina Utilities Commission to approve its Hot Springs microgrid project consisting of a 2-megawatt solar facility and a 4-megawatt lithium-based battery storage facility in Madison County, according to an Oct. 8 filing with the agency. The company said the project provides an innovative grid solution without the need…

GE Capital to Sell $1 Billion of Energy Investments to Apollo Global Management

GE Capital entered into an agreement to sell a $1 billion portfolio comprised primarily of equity investments in energy assets to funds managed by affiliates of Apollo Global Management LLC, according to the company’s Oct. 8 press release. The sale includes 20 investments in renewable energy, contracted gas-powered generation, and midstream energy infrastructure assets in…