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Total corporate funding into battery storage companies in Q1 2021, Q4 2021 and Q1 2022. Data from Mercom Capital.

Corporate funding into battery storage rose to US$12.9 billion in Q1 2022, Mercom says

April 21, 2022
Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 
western australia energy storage

Work starts on 30MWh pumped hydro plant in Western Australia for H2 2023 completion

April 21, 2022
Construction work has started on a 30MWh pumped hydro storage project in Western Australia.
energy storage

ROUNDUP: 1MWh of zinc BESS installed at data centre, Invinity bags three ISO certifications and record grid reliability for utility Exelon

April 21, 2022
News in brief from around the world in energy storage, this time from the USA.
air compressed storage hydrostor

Canadian pension fund invests US$25m in compressed air storage provider Hydrostor

April 20, 2022
Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.
jupiter power energy vault

Jupiter Power lands US$175 million debt financing for 650MWh BESS portfolio in ERCOT

April 20, 2022
Battery energy storage system (BESS) developer Jupiter Power has closed a US$174.6 million portfolio debt financing for its six projects totalling 650MWh of storage in the ERCOT market in Texas.
Construction at one of Broad Reach Power's first tranche of Texas BESS, quickly followed by much bigger projects. Image: Broad Reach Power.

CATL sells 900MWh of BESS to US independent power producer for Texas projects

April 20, 2022
CATL has sold 900MWh of battery energy storage system (BESS) equipment to US independent power producer (IPP) Broad Reach Power. 
Hybrid projects, mainly solar-plus-storage comprise a large and growing share of proposed capacity. Image: 8minute Solar Energy.

Estimated 427GW of energy storage in US interconnection queues alongside nearly 1TW of renewables

April 20, 2022
There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021.
convergent

Convergent Energy + Power supplying 5MW/15MWh BESS to Massachusetts utility

April 19, 2022
Holyoke Gas & Electric (HG&E) with a 5MW/15MWh battery energy storage system (BESS).
fire Moss Landing pg&e tesla

PG&E commissions 182.5MW/730MWh Tesla BESS at Moss Landing

April 19, 2022
Californian investor-owned utility PG&E has commissioned the 182.5MW/730MWh battery energy storage system supplied by Tesla at its Moss Landing substation.
Battery storage with four hours' duration such as the one pictured, is largely seen as key for adding firm capacity in much of the US. Image: Vistra Energy.

NREL: Rapid growth of energy storage to enable high shares of renewable energy on US grid

April 19, 2022
Energy storage poised for “rapid growth” in US, with between 130GW to 680GW diurnal storage capable of integrating 80% share of renewables by 2050.

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Powin could cease operations by end of July if ‘present business circumstances do not improve’

Eos and Faraday partner to deploy California microgrid on tribal land

California launches US$280 million solar and battery programme for low-income households

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Energy storage IPPs reveal impacts of tariffs and tax credit uncertainty: Stockpiles, strategy shifts and price increases

Republican Senator praises energy tax credits during visit to Fluence factory in Utah

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