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What is the short term outlook for Inspire Films Limited (INSPIRE) ✌️【Expert Advice】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. An evacuation order has been lifted after a lithium-ion battery fire broke out at a power plant facility in Central California Thursday night, officials said Friday.

“In an abundance of caution, Monterey County Health Officials are advising residents to stay indoors, keep windows and doors closed, limit outdoor exposure, and turn off ventilation systems,” the Monterey County Sheriff’s OfficesaidFriday evening.

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“It appeared last night and early this morning that plume was reaching elevations where it might not endanger the human population, but that’s something that we’re monitoring constantly,” Monterey County spokesperson Nicholas Pasculli said at the briefing on Friday morning.

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What is the short term outlook for Inspire Films Limited (INSPIRE) ✌️【Expert Advice】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. The fire had affected 50,000 to 100,000 people in the area, Church said Friday afternoon. The EPA has conducted air quality monitoring and deemed it safe, officials said.

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Firefighters worked to contain the fire so it would burn out as quickly as possible, and now there are few active flames and very little release of combustion byproducts, according to Mendoza.

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Vistra Energy personnel had called for assistance from the North Monterey County Fire District after a fire was detected in the 300-MW Phase I energy storage facility.“The cause of the fire has not yet been determined, but an investigation will begin once the fire is extinguished,” the company said.

“Our company takes very seriously what happened last night, and we are hurting today, because we know primarily it’s impacted and disrupted the people who live around our site, our neighbors, our friends and businesses, and for that, we are sincerely sorry,” Brad Watson, a senior director of community affairs at Vistra Energy, said Friday.

“Our first unit on scene arrived and found that there was smoke (coming) out of the building and we did find at least one battery on fire,” Mendoza said. “Due to the intensity of fire, and smoke and superheated gasses, roughly about an hour and a half into the incident, conditions change drastically.” A fire suppression system was overridden and led to the fire overtaking the system and eventually overtaking the entire building, the fire chief said.

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Drone footage revealed approximately 40% of the building housing lithium-ion batteries on the property had been consumed by flames, Sheriff’s Commander Andres Rosas said.

Vistra Energy branded the facility as the “largest of its kind in the world,” boasting a capacity of 750 megawatts and 3,000 megawatt-hours following its 2023 expansion. It plays a critical role in stabilizing California’s energy grid, the company said.

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On September 4, 2021, a malfunction at Moss Landing caused some battery damage. An investigation revealed the heat suppression system was accidentally triggered by low smoke from a faulty component, leading to water spraying on the battery storage areas and damaging about 7% of the batteries. There were no injuries, and the situation was managed without outside assistance, Vistra said in a 2022statementon its investigative findings.

In October 2023, following a fire at a different battery plant owned by another company, California Gov. Gavin Newsomsigned a billmandating battery storage facilities to implement safety and communication protocols to enhance safety measures.

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“I think this is basically best described as a worst-case scenario of a disaster that’s happened here,” Church said. “It’s really a wake-up call for this industry and if we’re going to be moving ahead with sustainable energy, we need to have … safe battery systems in place.”

“We cannot see another battery and energy storage fire ever in the future in California, and we need to absolutely make sure that never happens again here at Moss Landing,” Addis said Friday.

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