In the wide-ranging conversation, Shaw starts off by describing the year-end rush as a perennial challenge for the battery energy storage system (BESS) sector in the US.
Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.
US energy storage developer Flatiron Energy has closed on approximately US$850 million for its 1,200MWh Energizar energy storage project in Chelsea, Massachusetts, US.
Energy storage owner-operator Nightpeak Energy has reached financial close and commercial operation on its 150MW/300MWh Bocanova 2 battery storage project in Brazoria County, Southeast Texas.
The Illinois Power Agency (IPA) is seeking stakeholder feedback on its summer procurement of 600MW of energy storage projects in the US state, after falling short by 438MW.
US tax equity syndicator Foss & Company has closed a US$58 million partnership flip transaction to finance an energy storage project in Hidalgo County, Texas, developed by GridStor.
Distributed energy resource (DER) platform Voltus has raised US$225 million in an oversubscribed Series D financing round and is looking to expand in the US and Canada.
Electrifying low-temperature industrial heat and steam processes with renewables could reduce European Union natural gas consumption by 35 billion cubic metres-per-year, according to a report from the International Energy Agency (IEA).
