Two pumped hydro energy storage (PHES) projects have been submitted for approval under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
Developer Apex Clean Energy has announced financing of three utility-scale renewable energy projects across Texas, Ohio, and Illinois, including the Raven Storage project in Wharton County, Texas.
San Diego-based home battery storage company NeoVolta has formed NeoVolta Power, a joint venture (JV) to develop a US battery energy storage system (BESS) manufacturing platform in Pendergrass, Georgia.
BlackRock-backed developer Akaysha Energy is reportedly considering options to raise additional funds, including selling a minority stake, to support the expansion of its battery energy storage operations.
While coal and gas power plants grapple with cost increases, Australia’s battery storage sector delivers a different story, with costs plummeting across all durations.