The CFO of Goldman Sachs-backed US battery storage developer-operator GridStor discussed its recent investment tax credit (ITC) transfer deal for a California BESS project, highlighting some downsides as well as positives from the new mechanism.
Clearway Energy has put two large solar and storage projects into operation in California, it announced on the same day as an industry letter asking Congress to reform siting, permitting and transmission before this year’s elections.
The Britishvolt saga and any potential for a lithium-ion gigafactory at the Northumberland, UK site looks to be over after US private equity firm Blackstone acquired it to set up a data centre.
The six US states comprising New England have banded together to request federal government funding for large-scale electricity transmission and storage projects.
Renewable energy developer-operator Arevon has entered into a long-term offtake agreement for a 250MW/1,000MWh battery energy storage system (BESS) in California with community choice aggregator (CCA) MCE.
Community-scale battery storage developer Ninedot has been supported in purchasing project sites in New York by specialist real estate investment trust SolarREIT.
Netherlands’ climate minister has allocated €100 million in subsidies to the deployment of ‘time-shifting’ battery storage with solar PV projects for next year, an acceleration of a larger €400 million-plus programme.
Green Li-ion, a Singapore-headquartered startup, has put into operation what it claims is the first recycling facility in North America to turn black mass directly into precursor cathode active material (pCAM).
Energy management solutions provider GridBeyond has raised investment to extend its capabilities for “robotic” trading of energy assets and expand internationally, the company’s CEO has said.
The spinout and change in ownership of Mitsubishi Power Americas’ energy storage activities into standalone unit Prevalon will make it as ‘nimble and fast-moving as possible’, its CEO said, while not ‘chasing market share for the sake of market share’.
