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Energy Vault and NV Energy commission 440MWh Nevada BESS in 'compressed schedule'

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Energy Vault and NV Energy commission 440MWh Nevada BESS in 'compressed schedule'


The BESS will help NV Energy manage peak demand periods on the grid. The utility, the largest public one in the state, will operate the project which utilises Energy Vault’s BESS hardware and software including its energy management system (EMS) Vault-OS.

Energy Vault described the construction process as a ‘compressed schedule’ while Jimmy Daghlian, VP renewables, NV Energy commented:

“The overall construction process moved very quickly – which allowed us to bring the project in service for our customers ahead of schedule and ahead of the hot summer months. We appreciate Energy Vault’s problem-solving spirit, commitment, and partnership in bringing this project to life.”

NV Energy was revealed as the owner of the project in December 2022 and construction started in Q2 2023. It is owned by investment firm Berkshire Hathaway, and readers may be familiar with it as one of the main offtakers for the Gemini solar-plus-storage project, one of the world’s largest.

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Energy Vault is primarily known for its gravity-based long-duration energy storage (LDES) technology EVx, for which it is close to commissioning its first commercial project in China. The company moved into short-duration with BESS and multi-day LDES with green hydrogen because of a slow take-up of LDES technologies, CEO Rob Piconi explained in an interview last year (Premium access).



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Nevada

Residents of eastern Nevada urged to prepare for wildfire season

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Residents of eastern Nevada urged to prepare for wildfire season


ELY – A Bureau of Land Management fire official Wednesday advised eastern Nevada residents to prepare their home and property for the advent of wildfire season.

BLM Ely District Fire Management Officer Tye Petersen said the time to prepare is now and offered a few simple tips to reduce homeowners’ fire risk, including clearing dense brush “to up to 30 feet from around the house and removing all dead vegetation. I also recommend trimming all lower branches on trees growing adjacent to the home to prevent fire from ‘laddering’ to the roof. Trim overhanging branches too and clean the gutters,” said Petersen.

Petersen likewise suggested installing spark arresters on all small engines and equipment and keeping flammable materials away from the house and garage and fire tools within easy reach.

Check this newspaper’s classified section each week for more helpful tips on home protection, as well as responsible outdoor recreation.

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Equities Analysts Issue Forecasts for Nevada King Gold Corp.’s FY2024 Earnings (CVE:NKG)

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Equities Analysts Issue Forecasts for Nevada King Gold Corp.’s FY2024 Earnings (CVE:NKG)



Nevada King Gold Corp. (CVE:NKG – Free Report) – Equities researchers at Desjardins issued their FY2024 earnings estimates for Nevada King Gold in a research note issued to investors on Tuesday, April 30th. Desjardins analyst J. Sclodnick anticipates that the company will earn ($0.07) per share for the year. Desjardins currently has a “Buy” rating and a $1.00 target price on the stock. Desjardins also issued estimates for Nevada King Gold’s FY2025 earnings at ($0.03) EPS and FY2026 earnings at ($0.03) EPS.

Nevada King Gold Trading Down 7.4 %

Shares of NKG opened at C$0.32 on Friday. The firm has a fifty day simple moving average of C$0.38 and a 200 day simple moving average of C$0.39. The stock has a market capitalization of C$108.20 million, a price-to-earnings ratio of -1.66 and a beta of 1.40. Nevada King Gold has a 12 month low of C$0.28 and a 12 month high of C$0.50.

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Nevada King Gold (CVE:NKG – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01).

About Nevada King Gold

(Get Free Report)

Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. The company explores for gold, silver, iron ore, vanadium, and other base metals. The company was formerly known as Victory Metals Inc and changed its name to Nevada King Gold Corp in April 2021.

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Late-season storm expected to bring heavy snowfall to the Sierra Nevada

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Late-season storm expected to bring heavy snowfall to the Sierra Nevada


SOUTH LAKE TAHOE, Calif. — A late-season storm is expected to hit the Sierra Nevada this weekend, bringing rain and mountain snow to Northern and Central California, meteorologists said.

The National Weather Service issued a winter storm warning for the mountain range from 11 a.m. Saturday to 8 a.m. Sunday for elevations above 5,000 feet (1,524 meters). Rain is likely to hit lower elevations.

Heavy snowfall is expected to accumulate from 5 to 10 inches (12.70 to 25.40 centimeters) at 5,000-foot (about 1,500-meter) elevations. Above 9,000 feet (about 2,700 meters), 1 to 2 feet (0.3 to 0.61 meters) of snow could fall.

Wind gusts in the area could reach 55 mph (88.5 kph), according to the weather service.

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