Peak Power, an Ontario-based C&I-focused energy storage and software firm, has secured a US$200 million financing agreement with Madison Energy Investments (MEI).
CMBlu Energy, the designer and maker of a proprietary organic flow battery, has won its first deal in the US since the company’s expansion into the market.
Government-backed energy storage announcements continue to roll out of Queensland, with the Australian state set to begin a ‘Neighbourhood Battery’ programme.
Our Next Energy (ONE) has raised US$300 million for its LFP cell gigafactory in Michigan while Turkish Kontrolmatik has started building its plant in South Carolina.
Green Deal Industrial Plan has been welcomed by the European Association for Storage of Energy, although mentions of energy storage included in a leaked draft seen by the industry group were absent from the final publication.
Some proposed battery storage projects have been cancelled in the US and Canada since the start of this year, after facing opposition from local communities.