Industrial park invests in energy storage company

Can energy parks provide grid services?

Energy parks can provide grid services, but they face regulatory challenges, including uncertainty around the rules for co-located load, according to Energy Innovation. Google will buy power for planned data centers to be co-located with renewable energy and energy storage to be built by Intersect Power, the companies said on Dec. 10, 2024.

What is industrial outdoor storage?

These lots, usually a couple of acres of gravel or asphalt near highways, ports and other shipping infrastructure, are a niche part of the commercial real estate world called industrial outdoor storage, or IOS. Until recently, they drew mostly smaller investors, said Ryan Chambers, a director of financial markets and real estate for PwC.

Should energy parks be regulated?

Energy parks — such as those envisioned under the Google initiative with Intersect Power — can serve large loads like data centers and also provide grid services, but they face regulatory challenges, including uncertainty surrounding the tariffs for co-located load, according to the report.

Should energy parks serve large loads?

Energy parks serving large loads can bring a range of benefits, including equipment savings, the leveraging of tax credits with local economic development benefits, and the ability to expand projects over time, according to Energy Innovation.

Why do e-commerce companies need large parking spaces?

An earlier wave of investment in the sector followed a boom in e-commerce, which requires huge spaces to park inventory, shipping containers and the vehicles used in last-mile delivery services. The large, outdoor spaces and proximity to major transportation nodes also make them a good solution for parking and storing large commercial trucks.