(BRK.A), (BRK.B)
Berkshire Hathaway’s BHE Renewables has partnered with Powin, a global energy storage leader, to develop one of the largest solar and storage microgrids in Ravenswood, West Virginia. This innovative project will supply renewable energy to Titanium Metals Corporation (TIMET), a Berkshire subsidiary, to support titanium production for the aerospace industry.
Powin will provide a 50 MW Centipede™ Stack800 battery system as part of the microgrid, which also includes a 106 MW solar array. The battery system can discharge energy continuously for 10 to 12 hours, highlighting the capability of lithium-ion phosphate batteries for long-duration use. This is one of Powin’s first projects that align with domestic content requirements under the Inflation Reduction Act, supporting U.S. economic growth.
The microgrid project will be completed in phases, with initial deliveries in 2025 and full capacity by 2027. This is the second collaboration between Powin and BHE Renewables, further advancing renewable energy solutions and economic revitalization in the U.S.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.