Australian utility Origin Energy has approved the second stage of the Eraring battery energy storage project in New South Wales, Australia.

Arizona utility Salt River Project has signed agreement for dispatch rights to 250MW/1,000MWh battery energy storage system (BESS) project.

Renewables developer Clearway Energy Group has closed a US$700 million construction financing on a portfolio of solar and storage projects in California, US.

SSE Renewables has revealed plans to progress a 1.8GW pumped hydro project at Loch Fearna, Scotland, UK.

‘Not all providers are equal’ and using different ones for the same project has not proved problematic when it comes to BESS project augmentation, an executive from investment manager Gresham House said.

Eku Energy has seen its development application for a 250MW/500MWh BESS in the Australian Capital Territory (ACT), approved.

The Energy Research and Development Division of the California Energy Commission (CEC) has issued a report highlighting the importance of energy storage facilities with a discharge duration of eight hours or more in order for the Golden State to reach its target of a zero-carbon electricity grid by 2045. 

The US Department of Energy has issued a loan of up to US$861.3 million to support 200MW solar PV and 285MW/1,140MWh BESS in Puerto Rico.

The CPUC has proposed the procurement of over 10GW of new energy resources, including 1GW of multi-day long-duration energy storage (LDES) and another 1GW of 12-hour-plus LDES.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.