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Venture capital funding into energy storage has decreased while debt and public financing become increasingly prevalent. Image: Solar Media from Mercom Capital data.

Mercom: Energy storage corporate funding for first half of 2022 nearly equals 2021 total

July 21, 2022
In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.
wartsila marine energy storage

Energy storage orders recover in Q2 for Wärtsilä as sector hit by ‘investment uncertainty’

July 21, 2022
After falling by more than two-thirds in quarter one 2022, energy storage order intake increased 19% in quarter two for marine and energy solutions company Wärtsilä.
fotowatio frv tyler hill uk battery storage greece

Fotowatio Renewable Ventures’ UK partnership kicks off delayed 198MWh battery storage project

July 21, 2022
Fotowatio Renewable Ventures (FRV) and UK developer Harmony Energy have begun construction of their 198MWh Tesla battery project in England.
EDP's floating PV plant (in background) at the hydropower dam in Alqueva, Portugal. Image: EDP

Portuguese utility EDP adding battery storage to floating solar-hydropower hybrid plant

July 21, 2022
Portuguese utility EDP is to add energy storage to a hybrid floating solar and hydropower project after it was energised earlier this month.
black mountain energy storage recurrent canadian solar bess texas ercot

Arizona utility groups sign PPA for 300MW/600MWh solar-plus-storage power plant

July 20, 2022
PPA has been signed for a large-scale solar-plus-storage power plant by a group of Arizona municipal utilities and local authorities.
aypa blackstone

Blackstone’s Aypa Power secures US$88m loan for 173MWh BESS in Texas

July 20, 2022
Blackstone portfolio company Aypa Power has closed an US$88 million construction and term loan facility for Wolf Tank, a 173MWh standalone energy storage project in Texas.
Scatec south africa RMPPP

Scatec begins construction on 1.1GW co-located energy storage projects in South Africa

July 20, 2022
Renewable energy power producers Scatec has started building three co-located solar projects with 1.1 GW hours of energy storage in South Africa, after achieving financial close.
texas ercot greenport available power

Energy trader Vitol leads US$100 million funding round for BESS system integrator FlexGen

July 20, 2022
US energy storage system integration services and software company FlexGen has raised US$100 million in a Series C funding round.
Hero Future Energies hosting an India Republic Day celebration at one of its solar PV plants earlier this year. Image: Hero Future Energies via Twitter.

Tender for 10MW of battery storage won by Hero Future Energies in Kerala, India

July 20, 2022
Hero Future Energies has won a tender to construct grid-scale battery storage in the Indian state of Kerala.
tamega gigafactory

Iberdrola inaugurates 40GWh Tamega pumped hydro plant in Portugal

July 19, 2022
Spanish utility Iberdrola has inaugurated its ‘Tâmega Gigabattery’ in northern Portugal, a renewable energy complex including pumped hydro with an energy storage capacity of 40GWh.

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Powin files for Chapter 11 bankruptcy protection and spins off project services business

AES completes phase one construction of largest solar-plus-storage project in the US

ERCOT’s projected load growth ‘unrealistic and impossible’, Ascend Analytics says

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California Energy Commission public information meeting for Engie BESS project draws huge interest

Texas governor Greg Abbott signs law establishing decommissioning procedures for BESS

Growing need for BESS quality control, risk management strategies, insurer kWh Analytics says

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