Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW.
Programmes to provide home energy storage solutions to low-income homes and businesses have been launched in Washington D.C and Connecticut by Electriq Power and Generac/PosiGen, respectively.
Alongside its many benefits, growing deployments of energy storage will pose complex challenges around availability of data and resource planning for grid and distribution network operators.
Norwegian lithium-ion gigafactory startup FREYR Battery has signed a binding agreement with renewable energy group Statkraft covering 2024-31 for its first two gigafactories.