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Stock impact report

World's ‘largest' grid battery part of Google-Xcel Energy agreement [Yahoo! Finance]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: Yahoo! Finance
This story was originally published on Utility Dive . To receive daily news and insights, subscribe to our free daily Utility Dive newsletter Dive Brief: Google and Xcel Energy said last week that they intend to build what Xcel calls “the largest battery project by gigawatt-hour energy capacity announced to date in the world” to support a data center in Minnesota powered by 1.6 GW of renewable energy. The 300 MW/30 GWh battery, built by Form Energy, will use iron-air chemistry to deliver multiday discharge during periods of high power demand, Xcel said. Form says its technology can deliver cost-effective discharge for up to 100 hours. Mateo Jaramillo, Form Energy's CEO, said in an interview this week that his company expects to ship the first modules by the end of 2028 and pursue projects of similar scale as its West Virginia factory ramps up production later this decade. “This is really the scale of project that we expect to bid and participate in going forward,” he said. Show less Read more
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