Renewable energy developer and operator Arevon has completed the financing for a 600MWh solar and storage project in California, US, including US$191 million of investment tax credits (ITC) provided using new transferability provisions.

China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU).

Argentina is set to launch a call for expressions of interest (EOI) for energy storage projects as it looks to reach 20% renewable energy in 2025.

Wholesale trading revenues for UK battery storage systems grew 45% month-on-month in October, accounting for half of revenue growth, Modo Energy said.

Aypa Power has secured a portfolio debt and tax equity financing package totalling US$550 million for two battery energy storage system (BESS) projects in California and Texas.

Developer Altea Green Power has started building four battery energy storage system (BESS) projects in Italy totalling 1GW of capacity.

Developer Plus Power’s recent financing for BESS projects in Arizona and Texas shows it “driving energy storage into the mainstream of capital markets”, executive chairman Brandon Keefe told Energy-Storage.news.

The renewable energy IPP arm of UK utility SSE is to start building a 320MW/640MWh battery energy storage system (BESS), which could be the largest under-construction in the country.

The amount of large-scale battery energy storage systems completed in the US as of Q3 2023 already exceeds the whole of 2022, American Clean Power said.

The government of the Canadian province of Quebec has approved the construction of an energy storage manufacturing facility from Réseau Allégé Québec (RAQ).