Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.
Utility and network operators RheinEnergie and Bayernwerk have respectively started building and commissioned 7MWh battery storage projects in Germany.
Developer Eku Energy, backed by global investor Macquarie, and system integrator NHOA will start building two battery energy storage system (BESS) projects totalling 130MWh.
EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.
