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Edison International reported $354 million in Q2 net income compared with about $241 million in the second quarter of 2022.

The 2025 through 2028 period “will be critical to achieving California’s 2030 and 2045 climate goals,” Pizarro said.

The company is confident in its 5% to 7% earnings-per-share growth rate guidance from 2021 through 2025, Rigatti said, and it expects to continue this rate from 2025 through 2028. This is partly due to strong rate base growth and partly because some of the headwinds the company has faced over the last couple of years are projected to stabilize by 2025.

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Source: Utility Dive

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Ameresco and Southern California Edison’s (SCE’s) teams are “working around the clock,” to deliver a 2.1GWh, three-site battery storage portfolio by the end of this year, according to Ameresco’s CEO.

Energy efficiency and renewables solutions company Ameresco reported its second quarter financial results on Monday (1 August). In a conference call to discuss results, CEO and president George Sakellaris offered an update on the project with investor-owned utility SCE, one of the biggest battery storage buildouts ever contracted.

The company is currently also working on its biggest solar-plus-storage project deal to date. Ameresco has partnered with developer Bright Canyon on Kūpono Solar, which will pair 48MW of solar PV with 42MW/168MWh of batteries in O’ahu, Hawaii. The project will be connected to utility Hawaiian Electric’s (HECO’s) grid.

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Source: Energy Storage News

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