London-based investor NextEnergy Capital has closed a US$480 million tranche of investment in its NextPower V ESG (NPV ESG) fund, which is targeting solar and battery storage.

China-based, energy storage-focused lithium-ion battery manufacturer Hithium has raised US$621 million from private investors.

More similarities exist between the business models of trading energy from batteries and other, more ‘traditional’ types of asset than many people realise.

PV inverter manufacturer and energy storage solutions provider Sungrow will supply a 100MW/260MWh BESS for a UK project.

Cost disclosure requirements needed in order to qualify for IRA’s investment tax credit (ITC) domestic content adder could prove problematic for ESS providers, sources told Energy-Storage.news.

A 290MW coal plant in Colombia will be entirely converted into a renewable energy site using a combination of solar PV and battery storage.

Swedish wind power pioneer Eolus has made a final investment decision (FID) on a battery storage project in California, its third in the US, with a targeted commercial operation in 2024.

Energy trader Danske Commodities will optimise a BESS for parent company Equinor, while optimisation specialist Habitat Energy will manage a large fleet for investor Gresham House.

Synergy has begun its second large-scale battery project in Western Australia as the company’s first nears its start of commercial operations.

Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.