Energy-Storage.news Premium speaks with Vaughn Morrison of law firm Troutman Pepper Locke, about the firm’s latest energy storage report.

The non-profit Energy Policy Design Institute (EPDI) has launched the Virtual Power Plant (VPP) Convergence Project, with an advisory group that includes Jigar Shah, former director of the US Department of Energy’s Loan Programs Office.

US storage and solar developer-operator Lightshift Energy, along with KeyBanc Capital Markets, have closed a US$75 million credit facility.

Fluence has announced a solar-plus-storage project in Arizona, while Greenflash Infrastructure adds to its Texas BESS portfolio.

Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.

According to a new report from the US Energy Storage Coalition (ESC), PJM faces an urgent near-term requirement for affordable capacity to accommodate large loads expected through 2032.

IPP Eolian has closed a US$463 million financing package to support the continued construction of Padua 2 and Padua 3, two battery energy storage systems (BESS) totalling 350MW/1.7GWh in Bexar County, Texas.

Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

Honeywell, LS Electric, esVolta, Sitetracker, PairedPower, PHNXX, and Energy Toolbase are collaborating on new initiatives to advance energy storage installations across the US.

H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone battery storage project in Brazoria County, Texas.