Zinc-based battery energy storage system provider Eos Energy Enterprises has secured a US$85 million loan facility with Atlas Credit Partners (ACP).

Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.

Borrego has completed the spin off and sale of its development business to energy transition investor ECP for an undisclosed amount.

ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.

As Virginia’s push towards one of the country’s most ambitious energy storage targets gets underway, pilot battery storage projects have been brought online.

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.

Mobile battery storage rental company Greener Power Solutions plans to diversify its supply base away Alfen and has already bought a unit from Northvolt.

Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.

Startup Spearmint Energy has become the latest developer to acquire a large-scale battery storage project in Texas.

European energy storage is still held back by regulation but Greece is a bit further ahead, specialist battery insurance group Altelium told Energy-Storage.news while discussing take-up of its new product.