Sunnova Drives Clean Energy Transformation In Puerto Rico; Selected By The U.S. Department Of Energy's Grid Deployment Office As Part Of A $440M Investment From The Puerto Rico Energy Resilience Fund
Portfolio Pulse from Benzinga Newsdesk
Sunnova Energy International Inc. has been selected by the U.S. Department of Energy's Grid Deployment Office as part of a $440 million investment from the Puerto Rico Energy Resilience Fund. The company is expanding its Sunnova Sentient Virtual Power Plant (VPP) platform to Puerto Rico to participate in LUMA's Customer Battery Energy Sharing (CBES) program. This initiative aims to transform the role of distributed solar and storage customers in enhancing grid stability during peak demand periods, offering financial incentives for participation. Sunnova also plans to install rooftop solar and batteries in vulnerable single-family households across Puerto Rico.
November 08, 2023 | 11:06 pm
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Sunnova Energy International Inc. has been selected for a $440 million investment from the Puerto Rico Energy Resilience Fund. The company will expand its VPP platform to Puerto Rico and install rooftop solar and batteries in vulnerable households.
The news of a significant investment and the expansion of Sunnova's services in Puerto Rico is likely to have a positive impact on the company's stock. The company's involvement in a major energy resilience initiative could boost its reputation and potentially lead to increased demand for its services.
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