Tuesday, 4 August 2026

The PJM Board of Managers has directed PJM to file two proposals with the Federal Energy Regulatory Commission addressing the reliability and affordability effects of Large Loads joining the grid faster than new generation can be built, according to PJM Inside Lines.

The imbalance behind the directive is stark in PJM's own numbers. New Large Loads across the region are forecast to grow by an estimated 70 GW by 2038, while roughly 15 GW of generating resources have retired since 2022, PJM Inside Lines reported.

That gap already shows up in the capacity market. The most recent auction, covering the 2028/2029 Delivery Year, cleared 6,831 GW below the system's Reliability Requirement, according to PJM Inside Lines.

One of the proposals would create a one-time Reliability Backstop Procurement. PJM proposes running it from Sept. 30 through Oct. 21, with results released in early December, per PJM Inside Lines.

Cost exposure is bounded. PJM proposed capping the total cost of accepted supply offers in that procurement at $555/MW-day.

The procurement also carries a hard delivery deadline: eligible resources must come online no later than June 1, 2032, according to PJM Inside Lines.

Explaining the package, the Board said it is guided by PJM's core responsibility to keep the lights on for the 67 million people served in the region.

Massachusetts is extending its ConnectedSolutions residential battery virtual power plant (VPP) program to vehicle-to-grid (V2G) connections, according to ESS News. The state already has more than 150,000 electric vehicles on the road, ESS News reported.

The existing battery scheme paid out more than USD 5.4 million to 5,251 residential participants for the 2025 season. Those payments bought measurable grid relief: batteries enrolled in ConnectedSolutions delivered roughly 40 MW of net summer capacity savings during the 2025 season, split between 28.9 MW from residential systems and almost 11 MW from commercial units, per ESS News.

Program administrators are aiming considerably higher. Their 2025-2027 plan targets roughly 125 MW of battery performance capacity, comprising 93 MW residential and 31.5 MW commercial. Reaching that residential figure would require more than triple the 28.9 MW logged last season.

A spokesperson for the program told EV website electrek.co that initially eligible vehicles include the Ford F-150 Lightning, Nissan Leaf, Kia EV9, Polestar 3, and Volvo EX90. The Mobility House, EnergyHub, and Sunrun are participating, with EnergyHub's Edge DERMS platform managing dispatch for the pilot.

The wider ConnectedSolutions footprint gives some sense of what aggregated household assets can do under stress. During a June 2024 heat wave, utilities reported that the region-wide VPP cut peak demand on the New England power grid by more than 375 MW, according to ESS News.

Adding bidirectional vehicles changes the arithmetic of the residential target. Passenger EV packs are larger than typical home batteries, and the eligible list names five models rather than a single platform, meaning enrollment growth depends on how many owners of those vehicles pair them with compatible bidirectional charging hardware. The Mobility House and Sunrun bring vehicle-side and residential-solar customer bases into the same dispatch stack that EnergyHub controls.

Commercial batteries remain the smaller share of both the delivered result and the plan, at almost 11 MW achieved against a 31.5 MW target. Residential assets, now including cars, carry the bulk of the capacity ambition.

Battery storage developer Viridi has installed a battery energy storage system (BESS) at Oak Ridge National Laboratory as part of grid technology research, according to Power Magazine.

The installation follows a strategic partnership Viridi announced with the Department of Energy's Oak Ridge National Laboratory (ORNL) in Tennessee, Power Magazine reported. The stated purpose of the tie-up is to support research into next-generation utility grid technologies that advance grid resilience and reliability.

ORNL is a Department of Energy laboratory, and the partnership frames the Viridi hardware as a research asset rather than a commercial grid-connected project.

Green Mountain Power (GMP) pulled 90 MW from its virtual power plant (VPP) at the peak of Vermont's early July heat wave, trimming an estimated USD 6 million from what all customers pay for peak electricity, Electrek reported.

The aggregation now stands at 110 MW of capacity, which the utility says makes it the largest single power resource in Vermont by capacity, according to Electrek. That places a distributed fleet, rather than a generating station, at the top of the state's supply stack.

Residential batteries account for 53 MW, more than half the total, per Electrek. Enrollment has passed 10,000 batteries across more than 5,000 GMP customers.

Those batteries can cover nearly 10% of Vermont's summer peak demand, a storage-to-state-peak ratio GMP describes as the highest in New England, Electrek reported.

The capacity has already displaced hardware. GMP has permanently closed peaker plants at Vergennes and Rutland, following an ISO-New England retirement process, as the VPP grew, according to Electrek. Peakers earn their keep on a handful of high-demand hours a year, the same hours a dispatchable battery fleet is built to cover.

The USD 6 million figure is an estimate of avoided peak cost spread across the customer base, not a payment to battery owners. Peak-hour purchases set a disproportionate share of a utility's wholesale bill, so shaving the top of the load curve during a heat wave carries outsized value relative to the megawatt-hours involved.

Dispatching 90 MW against a 110 MW nameplate implies most of the enrolled fleet responded when called. The gap between enrolled capacity and delivered output is the number that decides whether a VPP can substitute for firm generation in a capacity accreditation process, which is the test the Vergennes and Rutland closures passed.

Ontario's Independent Electricity System Operator has approved the 150 MW/1.2 GWh Simcoe Battery Energy Storage System Project in Norfolk County and signed a facility agreement carrying a 20-year capacity term, according to ESS News.

The contract gives the project guaranteed payments, which ESS News reported can be topped up with revenue from grid exports and ancillary services. The counterparty is Simcoe Battery Project General Partnership Inc..

Ownership sits with a consortium. ESS News named Six Nations Group and the Mississaugas of the Credit Business Corporation alongside Aecon Group, Sitka Power Inc. and NRStor as project owners.

Aecon expects the site to enter commercial operations in 2030, per ESS News.

The four-hour duration implied by the 150 MW power rating and 1.2 GWh of energy capacity places the asset in the longer-duration segment of grid-scale lithium deployment.

Tesla has contracted for roughly 1 TWh of electricity a year from Project Sterling, a hybrid solar and battery plant ContourGlobal is developing in Arizona, in the United States. The volume equals about 90% of what the site is expected to generate annually, ESS News reported.

Solar capacity at the site totals 509 MW (dc), or 450 MW (ac). Alongside it sits a battery energy storage system rated at 360 MW and 1.4 GWh, according to ESS News.

On-site construction is due to start later this year. ContourGlobal is targeting commercial operation in 2028.

The power is destined for California rather than the state where it is produced. Project Sterling interconnects with the Western Area Power Administration (WAPA) grid in Arizona and holds firm point-to-point transmission rights into California's CAISO market, ESS News reported. Through a pseudo-tie to CAISO, the plant will supply Tesla's California operations with bundled electricity and renewable energy certificates (RECs) under the long-term corporate power purchase agreement.

Antonio Cammisecra, chief executive of ContourGlobal, said the contract is the company's "biggest PPA ever".

With 1.4 GWh of storage sitting behind 450 MW (ac) of solar, the battery can discharge for roughly three hours at full rated power, moving daytime generation into later delivery hours on the CAISO side of the pseudo-tie. Selling around 90% of as-generated output under contract leaves ContourGlobal with only a narrow merchant position on the remainder.

One of the largest batteries in the state is idle after its owner was placed into administration, RenewEconomy reported.

The Templers battery energy storage system (BESS) was under construction, according to an image credited to Zen Energy and published by RenewEconomy.

RenewEconomy, which covers the Australian energy market, did not attach further operating detail to the stalled asset beyond the administration of its owner.

Many retired electric vehicle batteries in China are processed by uncertified recyclers, creating environmental and worker safety risks, according to Inside Climate News.

The outlet reported that the practice is spread across the country. China spent the past decade building the world's largest electric vehicle market and is now confronting one consequence of that build-out: a growing wave of batteries nearing the end of their service life, Inside Climate News said.

The hazards flagged by the outlet fall on two fronts, environmental damage and the safety of the people doing the dismantling, and both stem from processing that sits outside the certified channel.

Factorial Energy and SK On have signed a memorandum of understanding to jointly assess whether solid-state cells can be integrated into SK On's existing lithium-ion production lines, electrive reported.

The evaluation covers technical feasibility as well as integration, according to electrive. The partnership is aimed at speeding the market launch of Factorial's FEST solid-state technology, which electrive reports is already being tested in real-world applications, including with the Stellantis brand Dodge.

SK On brings scale to the arrangement. The cell manufacturer has an annual production capacity of more than 200 GWh worldwide, according to electrive. Its established automotive customers include the Hyundai Motor Group, Ford, Volkswagen and Ferrari.

That manufacturing base is the point of the deal for Factorial. "A battery breakthrough only matters if it can be manufactured at scale," said Factorial founder and chief executive Siyu Huang, as quoted by electrive. Adapting existing lithium-ion lines rather than building dedicated plants is the route the two companies have agreed to examine first.

Factorial's own backers overlap with SK On's customer list. Its strategic investors and partners include Hyundai, Kia, Mercedes-Benz and Stellantis, electrive reported. Hyundai therefore sits on both sides of the arrangement, as an SK On buyer and as a Factorial investor.

Solid-state cells have so far run into the same obstacle across the industry: laboratory performance that does not translate into volume output on equipment designed for conventional liquid-electrolyte chemistry. The Factorial and SK On study addresses that gap directly by testing whether the incumbent line configuration can carry the new cell format. FEST remains in real-world testing rather than serial production.

The memorandum does not commit either party to a production volume or a build-out. Its stated scope is the joint evaluation of technical feasibility and integration.

TotalEnergies, South African renewables developer Hydra Storage Holding and local investment firm Reatile Renewables have inaugurated a 216 MW solar plant paired with 500 MWh of battery storage in the Northern Cape province of South Africa, according to ESS News.

The Hydra project sells 75 MW of dispatchable renewable electricity into the national grid under a 20-year power purchase agreement with Eskom, the national utility, ESS News reported. Delivery runs continuously between 5:00 a.m. and 9:30 p.m., the mechanism that turns intermittent solar output into a firm daytime and evening block.

That contract covers more than 400 GWh a year, which ESS News put at roughly the consumption of 200,000 South African households.

The combination of 216 MW of photovoltaic capacity with a 500 MWh battery energy storage system is billed as Africa's largest hybrid renewable energy project to commence operations, per ESS News.

The start-up lands in a market that added 1.6 GW of solar in 2025, lifting cumulative installed solar capacity above 10 GW, according to ESS News.

GE Vernova is expanding its Power Transmission manufacturing site in Charleroi, Pennsylvania, backing the plant with a USD 138 million investment that the company says should create roughly 275 high-skilled manufacturing jobs through 2028, according to the GE Vernova newsroom.

The Charleroi plant builds high-voltage circuit breakers, switchgear products and instrument transformers, per the company's announcement. Those are the components that sit between generation and load on transmission networks, and the expansion targets that product line directly.

Hiring does not stop at the 2028 mark. GE Vernova said additional recruitment is planned beyond that point, on top of the approximately 275 positions tied to the USD 138 million commitment.

Counting other commitments, the company expects to put USD 166 million into Western Pennsylvania and to create more than 700 new highly-skilled manufacturing jobs across the state, according to its statement.

The site work also fits inside a much larger capital program. GE Vernova said it plans to invest nearly USD 1.3 billion across its U.S. manufacturing facilities and research centers between 2025 and 2028, aimed at strengthening domestic manufacturing capacity, accelerating innovation and helping meet growing electricity demand.

Pennsylvania Governor Josh Shapiro attended an event marking the expansion, the company said.

The framing GE Vernova chose is a supply-chain one. High-voltage circuit breakers and instrument transformers have long factory lead times, and the company is positioning added Charleroi capacity as a response to rising power demand rather than as a one-off plant upgrade.

A 200 MW/800 MWh battery plant built by Greenvolt Power is now running in northeastern Poland, ESS News reported. The Turośń Kościelna site sits near Białystok, in Podlaskie Voivodeship, and feeds into the country's transmission network through a 110 kV connection.

Cells at the plant use lithium iron phosphate chemistry, delivered by BYD Energy Storage; P&Q held the general contractor role. Greenvolt Power sits within Greenvolt Group, which KKR owns.

The asset's contracted revenue starts in 2028, when it enters Poland's capacity market on a 17-year agreement. Its capacity obligation is set at 170 MW, or 85% of the plant's power rating, according to ESS News.

Work on a second site of identical size is close to complete. The Ełk project in Warmińsko-Mazurskie Voivodeship matches the 200 MW/800 MWh configuration, with commercial operation expected in Q4 2026.

At the end of June, Greenvolt counted 2,595 MW of battery storage projects in its Polish pipeline, plus 657 MW of solar PV and 238 MW of wind, ESS News reported.

João Manso Neto, chief executive of Greenvolt Group, said the company has battery projects under development in 13 countries, totalling a 5 GW pipeline.

Poland's 2028 capacity market delivery year drew contracts for more than 30 electrochemical storage projects in the main auction, together carrying a capacity obligation of roughly 1.7 GW, according to ESS News. The 170 MW obligation at Turośń Kościelna represents a tenth of that total.

Household batteries connected to Australia's main grid now carry more power capacity than the country's grid-scale battery fleet, according to RenewEconomy. The crossover holds for power, not for stored energy.

Modo Energy puts installed home battery capacity at 7.8 GW as at the end of June, up from an estimated 1.4 GW. That figure sits just above the 7.7 GW of grid-scale capacity counted by the same firm.

RenewEconomy attributes the surge to the federal government's Cheaper Home Batteries program, which it describes as enormously popular.

The shift is already visible in load shapes. Modo Energy says home batteries charging through the solar peak and discharging into the evening are reshaping operational demand.

The distinction between power and energy matters for how the two fleets behave. RenewEconomy notes the milestone applies to power capacity, with storage volume a separate question.

A 10 MW/25 MWh battery storage installation is now running at Marktoberdorf in Bavaria, Germany, built by regional utility VWEW-Energie together with developer Green Flexibility, ESS News reported.

Seven months separated contract signature from commissioning, according to statements from the two companies cited by ESS News.

Dispatch follows Green Flexibility's REGIOlink concept. ESS News describes it as a grid-neutral strategy under which the unit answers to electricity price signals and to requirements set by the local distribution network.

Neither party had worked with the other on a project before this one, per ESS News.

Zelestra has locked in Axpo as the offtaker for a 207 MW/830 MWh battery project in the Italian region of Friuli-Venezia Giulia under a tolling contract running 10 years, ESS News reported.

Ownership, construction and operation of the site stay with Zelestra, while Axpo handles optimization services under the terms of the deal, per ESS News.

Ground is due to be broken in 2027, and the battery is slated to reach commercial operation the following year, in 2028, according to ESS News.

Eliano Russo, CEO of Zelestra Italy, said the addition takes the developer's authorized battery storage portfolio in Italy to 970 MW, a position he described as the country's second-largest holding of permitted battery storage capacity.

Simone Rodolfi, head of origination and structured products at Axpo Italia, said the contract is Axpo's first battery storage tolling agreement in Italy.

Under the tolling structure, Zelestra retains the asset and the operating obligation, and Axpo directs how the battery is optimized across the decade-long term.

Red Eléctrica has finished expanding the 220 kV Cerdà substation in Barcelona, according to the company. The facility is intended to support the electrification of the Port of Barcelona's quays.

The transmission operator described itself as the Redeia subsidiary responsible for electricity transmission and system operation in Spain, and said the work was completed this week.

The expansion carried an investment of more than EUR 1 million by Red Eléctrica, per the company's statement. The substation sits in the Zona Franca.

Shore-side electrification allows berthed vessels to draw power from the grid instead of running onboard engines, which shifts port demand onto the transmission network. The upgraded Cerdà site is the connection point Red Eléctrica identifies for that shift at the quays.

EDP has commissioned a 36 MW/72 MWh battery energy storage system at its Las Lomillas site in Spain, completing a hybrid plant that puts wind, solar and storage behind one grid connection, according to ESS News.

The site sits in Cuenca and pairs a 49.5 MW wind farm with a 36 MW solar plant and the new battery, all exporting through a single 122 MW grid connection, ESS News reported. The connection infrastructure was originally designed for about 50 MW of export capacity.

The storage installation is built from 24 containerized units rated at 1.5 MW each, per ESS News.

Funding came in part from Spain's Institute for the Diversification and Saving of Energy (IDAE), which awarded up to EUR 6.2 million (USD 7.13 million) through its program for innovative renewable energy storage projects under the European Union's NextGenerationEU recovery plan, ESS News reported.

EDP said Las Lomillas takes its hybrid renewable capacity in Spain above 260 MW.

Red Eléctrica is starting construction on the 400 kV Cardoso substation in the municipality of Carreño, the first facility of the Central Asturias Power Ring, according to the transmission operator. Red Eléctrica describes itself as the Redeia subsidiary responsible for transmission and operation of the electricity system in Spain.

The operator plans to invest EUR 26.5 million in the substation and the line that will connect it to the transmission grid.

Work is expected to take approximately 18 months, Red Eléctrica said.

Cardoso is designed as a Gas-Insulated Switchgear (GIS) substation, which the company describes as compact and smaller in size, housed inside a building for better landscape integration. It will carry two switchyards, one at 400 kV and one at 220 kV.

The substation is the opening element of the Central Asturias Power Ring, according to the company's announcement.

Electrovaya has launched ElvaPulse 1500, a stationary battery energy storage system (BESS) targeted at data centers and other critical infrastructure, according to ESS News. The company is a Canadian battery manufacturer listed on Nasdaq and the Toronto Stock Exchange as ELVA.

The unit is built into a 20-foot modular container on a 1500 VDC architecture. ESS News reported nominal energy of up to 2.88 MWh and continuous power output of up to 7 MW.

Electrovaya said the platform is meant to sit alongside generators, uninterruptible power supply (UPS) systems and broader grid modernization work, as data center operators face growing power demand from artificial intelligence infrastructure.

First deliveries are targeted for the second quarter of 2027 from the company's manufacturing plant in Jamestown, New York, where Electrovaya has said site upgrades and construction are underway, according to ESS News.

The company also said the platform is being developed to support projects seeking eligibility for the U.S. 48E investment tax credit.

Central Maine Power (CMP) and Eversource submitted the proposal that ISO New England has named as its preliminary preferred longer-term transmission solution under the 2025 request for proposals (RFP), according to ISO New England Newswire.

The RFP addresses needs identified by the New England States Committee on Electricity (NESCOE) in connection with the 2050 Transmission Study, ISO New England Newswire reported.

The CMP and Eversource proposal would upgrade the transmission system between northern Maine and the more populous regions of southern New England, according to the same report. ISO New England Newswire said land-based wind generation is expected to increase in northern Maine, while electricity demand is highest in southern New England.

A decision point follows publication of the final report. Within 30 days of that report being posted, NESCOE may terminate the 2025 longer-term transmission planning (LTTP) RFP process, or proceed with an alternative cost allocation for the project, per ISO New England Newswire.

PJM started taking applications on July 31 for its Expedited Interconnection Track, a fast lane restricted to large generation projects that hold backing from a primary siting authority and can commence operation within three years, according to PJM Inside Lines.

The track carries a hard volume limit. PJM will consider up to 10 interconnection requests per calendar year in 2026 and 2027, covering large new or uprated capacity resources, per PJM Inside Lines.

Eligibility turns on size as well as siting. A project must offer at least 250 MW of unforced capacity, the amount credited for reliability purposes, PJM Inside Lines said.

The Federal Energy Regulatory Commission accepted the track on June 9, according to the same PJM Inside Lines account.

Projects that clear the screen face a compressed schedule. PJM expects them to execute a Generation Interconnection Agreement within 10 months of submission.

The mechanism is temporary. Per PJM Inside Lines, the EIT process will sunset at the end of 2027.

PJM has filed a proposal with FERC seeking to start a Reliability Backstop Procurement (RBP) on September 30, 2026, according to PJM Inside Lines.

The procurement is designed to bring forward new generation to cover a shortfall of 6,831 MW left by the recent capacity auction for the 2028/2029 Delivery Year, PJM Inside Lines reported. PJM describes the effort as a parallel path to secure new supply against that gap.

Contract terms would run as long as 15 years, and PJM set a maximum willingness to pay equal to a MW-weighted average of USD 555/MW-day, per PJM Inside Lines. That ceiling is expressed as a weighted average rather than a per-project cap.

PJM staff will hold a stakeholder workshop on August 10, walking through the manual page by page to set out key dates, participation requirements, and how projects will be evaluated and selected, according to PJM Inside Lines.

A second, separate filing is expected from PJM on August 7. It will propose how PJM, working with state authorities and its Members, would facilitate load reductions during periods of extreme grid stress for large loads that do not procure their own power supplies, PJM Inside Lines reported.

The Alphington community battery in Melbourne's inner north is live on the grid, closing an eight-year volunteer effort by Village Power, according to RenewEconomy.

Village Power president Graeme Martin described the path to connection as a game of snakes and ladders, RenewEconomy reported.

The group has turned that experience into a policy demand. Village Power is calling on electricity distributors in Australia to publish how much electricity local communities already generate and consume within their own areas.

Village Power says releasing that generation and consumption data would give better recognition to the value of community batteries and other consumer energy resources.

Blue Solutions and AVL have completed a joint development programme assessing the safety of a new generation of solid-state batteries, according to electrive.

The two partners are targeting volumetric energy density up to 25% higher than comparable battery packs built on NMC lithium-ion cells, electrive reported. Gravimetric energy density, which measures stored energy relative to pack weight, is expected to improve by 13%.

The cell design at the centre of the programme uses a lithium-metal anode alongside other new technologies, according to electrive. Lithium-metal anodes raise the energy stored per unit of volume and weight, which is why safety validation sits at the front of the development sequence rather than after it.

Blue Solutions plans to commercialise the technology for passenger cars by the end of the decade, electrive reported. That timeline places the product against NMC lithium-ion packs, the incumbent chemistry the partners used as their benchmark for the density comparison.

The gap between the two density figures is the more informative detail for vehicle integration. A 25% volumetric gain frees packaging space in the floor of a passenger car, while the 13% gravimetric gain is the smaller of the two improvements and constrains how much of the volumetric benefit converts into range at constant mass.

The European Commission approved a EUR 59 million Slovenian state aid program for battery energy storage system (BESS) deployment, ESS News reported. The money backs 370 MWh of new BESS capacity in Slovenia.

The Commission said on July 31 that the Slovenian scheme can proceed because it meets objectives set out under the EU Clean Industrial Deal, according to ESS News.

Disbursement is expected before December 31, 2030, ESS News reported.

Financing comes from the Just Transition Fund and the ETS Modernisation Fund, per the same report.

United States regional grid operator PJM Interconnection has cleared 715 new generation projects for study in the opening Cycle of its overhauled interconnection process, a fleet able to produce more than 200 GW, according to PJM Inside Lines.

Before the filing window shut on April 27, developers submitted 811 new-resource proposals, PJM said. Screening cut that pool to the 715 accepted projects, which carry 201.5 GW of nameplate capacity between them.

Storage leads on project count with 314 submissions. Natural gas follows at 147, then solar at 117 and wind at 61. Smaller groupings include 37 solar-storage hybrids, 24 nuclear entries, 10 filed as other and five hydro.

Measured in megawatts rather than headcount, the order flips. Gas holds 99.8 GW of the 201.5 GW, with storage at 60.0 GW and nuclear third at 17.3 GW. Solar adds 11.8 GW, hybrids 7.5 GW and wind 3.9 GW, while other resources account for 1.1 GW and hydro for 0.07 GW.

The operator has said load on its system could climb by as much as 70 GW through 2038, with data centers and other large customers the main driver.

PJM is using HyperQ, an AI-enabled tool built by Google's Tapestry, to review application data.

Signed paperwork has not translated cleanly into completed plants. PJM said 51 GW of generation now holds signed interconnection agreements, but many of those projects are not under construction at all, held back by state permitting and supply chain backlogs.

PJM has run more than 300 GW of projects through its queue since 2020, of which over 100 GW ended up with signed interconnection agreements.

Base Power closed a USD 1 billion Series D that values the residential storage company at USD 13 billion post-investment, according to Electrek, alongside the unveiling of Core, a 39.2-kWh home battery.

Ribbit, Addition, Valor Equity Partners, and JPMorganChase's Strategic Investment Group led the round, with participation from new and existing investors. Electrek reported the financing takes Base's cumulative capital raised past USD 2.5 billion.

The Core unit is sized to keep a house running for up to 36 hours and can be installed in under an hour, according to the company. At 39.2 kWh, it sits well above the capacity of typical residential systems.

Base's installed battery fleet now exceeds 500 MWh, Electrek reported, and the company has extended its footprint from Texas into Illinois.

The company has also signed utility programs with El Paso Electric, Austin Energy, and CoServ that together account for more than 200 MW of capacity. Those arrangements tie distributed home batteries to utility dispatch rather than leaving them as standalone backup hardware.

The USD 13 billion post-investment mark prices Base above the value implied by its raised capital of more than USD 2.5 billion, a gap that rests on the fleet growth and utility contracts disclosed to date.