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Stock impact report

Tiny Oregon town hosts 1st wind-solar-battery ‘hybrid' plant [FOX Business Network]

Portland General Electric Co (POR) 
Last portland general electric co earnings: 4/24 05:00 am Check Earnings Report
US:NYSE Investor Relations: investors.portlandgeneral.com
A renewable energy facility in Oregon that combines solar power, wind power and massive batteries to store the energy generated there is the first utility-scale plant of its kind in North America. The project, which will generate enough electricity to power a small city at maximum output, addresses a key challenge facing the utility industry as the U.S. transitions away from fossil fuels and increasingly turns to solar and wind farms for power. Wind and solar are clean sources of power, but utilities have been forced to fill in gaps when the wind isn't blowing and the sun isn't shining with fossil fuels like coal or natural gas. At the Oregon plant, massive lithium batteries will store up to 120 megawatt-hours of power generated by the 300-megawatt wind farms and 50-megawatt solar farm so it can be released to the electric grid on demand. At maximum output, the facility will produce more than half of the power that was generated by Oregon's last coal plant, which was demolished e Show less Read more
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