Rural Development Partners (RDP) has awarded $15 million in New Markets Tax Credit (NMTC) financing to Electric Research Manufacturing Cooperative, Inc. (ERMCO) for expanding their Dyersburg, Tennessee facilities. This investment will create an estimated 400 jobs, increase production capacity, and establish a workforce development center to support the growing demand for critical infrastructure components essential for clean energy transition and grid resilience.
FlexGen, a leader in energy storage solutions, and VC Renewables, Vitol’s solar and storage development platform, have signed a landmark Material Supply Agreement (MSA) for 2GWh of energy storage capacity. This collaboration aims to enhance grid resilience and reliability through innovative energy storage solutions, marking a significant step in the energy transition.
CPS Energy, the largest municipally owned utility in the US, has signed contracts for 350 MW of battery energy storage, bringing its total contracted capacity to 400 MW. This move supports the utility’s Vision 2027 plan to ensure reliable and affordable energy for its growing community. The new projects, located in South Bexar County, Texas, will be operational by the first half of 2026 and are expected to contribute to grid resilience and economic development.
GenCell Energy, a leading provider of hydrogen-to-power solutions, has secured a significant order from Mexico’s state-owned utility Comisión Federal de Electricidad (CFE) for additional GenCell REXTM backup power units. This order follows an initial contract signed in December 2023 and demonstrates the strategic partnership between CFE and GenCell to enhance grid resilience and transition to clean energy.
