Recurrent Energy has closed a construction financing for an energy storage project in Arizona. Meanwhile, Cypress Creek Renewables has reached financial close for its solar-plus-storage project in Colorado.
Ameresco has put Arizona’s largest behind-the-meter battery energy storage system (BESS) into operation, meanwhile Alliant Energy has begun operating Wisconsin’s largest BESS to-date.
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.
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.
