The Virginia General Assembly has passed legislation to promote new energy storage investments by the US state’s two main utilities.

Renewable energy developer-operator Arevon has completed a US$258 million financing for the 200MW/400MWh Peregrine battery energy storage system (BESS) in San Diego, California, US.

BESS deployment data for 2024 and forecasts for 2025 have been released by BloombergNEF and the Energy Information Administration (EIA) respectively.

The Indian Central Electricity Authority has advised state utilities and all renewable energy implementing agencies to co-locate energy storage systems (ESS) with solar PV in future tenders.

Egypt’s government has signed contracts with developer AMEA Power for two large-scale battery energy storage projects, the country’s first.

IPP E energija Group has started building what it claims is the largest ‘private’ BESS project in Lithuania, a few weeks after the Baltic region decoupled from Russia’s electricity grid.

Toronto, Ontario-headquartered Hydrostor has received planning approval for a 200MW/1,600MWh advanced compressed air energy storage (A-CAES) project in New South Wales, Australia.

UK-headquartered BESS investor Gore Street Energy Storage Fund (GSF) and financial services firm Morningstar have provide updates outlining their views on US clean energy tax credits and their future.

Developer-operator TransGrid Energy has successfully secured over US$1.4 billion in financing for two battery energy storage (BESS) projects located in Arizona, US, with a combined capacity of 450MW/1,800MWh.

California High-Speed Rail Authority (CHSRA) has commenced the permitting process for a 265MWh hybrid solar and BESS project.