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Why Are Storage Firms Selling Their Project Portfolios?

Experts are asking whether project portfolio sell-offs by Amber Kinetics and Powin Energy represent a new trend. Last month, Flywheel maker Amber Kinetics said it was giving up on a 20-megawatt project, Energy Nuevo, for Pacific Gas and Electric in California. “The company’s new five-year strategic plan calls for an acceleration of equipment deployment and a de-emphasis on project development,” said Amber Kinetics in a press release.
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