1 billion lithium-ion battery plant, California's Nova Power Bank, set to become world's largest, stabilizes state's power grid and supports climate goals.
California's Nova Power Bank, a $1 billion lithium-ion battery plant near Los Angeles, is set to become one of the world's largest when it comes online later this year. Built on the site of a failed gas-fired power plant, the 680-megawatt battery bank aims to stabilize California's power grid, support its ambitious climate goals, and contribute to its existing 55% share of the nation's power storage capacity. The U.S. storage boom, driven by the growing need to store power generated from wind and solar energy sources, is mainly centered in California and Texas.
April 12, 2024
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