The US Department of Energy (DOE) has closed a US$489.4 million loan to Amanecer Puerto Rico, a subsidiary of developer Pattern Energy to support Puerto Rico’s electric grid.

The German regulator BNetzA’s latest draft decision on grid fees from 4 August 2029 onwards still leaves uncertainty for energy storage project business cases.

The Spanish Ministry of Ecological Transition (MITECO) has awarded €360 million (US$415 million) to 1.14GW of solar PV co-located with battery energy storage system (BESS) projects.

EV manufacturer Ola Electric has entered India’s utility-scale battery storage market with a vertically integrated business model.

ZEBRE has submitted the 180MW/360MWh Noblevale Battery in Queensland for federal environmental assessment under the EPBC Act.

There is an opportunity for locally designed and manufactured BESS solutions in Europe, with the possibility of future EU controls of Chinese imports, former head of BESS products at Northvolt said. 

A US court has upheld a Federal Energy Regulatory Commission (FERC) plan to speed up the permitting process for connecting energy projects to the grid.

Market conditions look favourable, but some developers are finding it difficult to prove their revenue projections will hold up.

Denmark-headquartered multinational energy company Ørsted has put its 250MW/500MWh Old 300 energy storage project in Needville, Texas, US into operation.

IPP Zelestra has agreed a long-term toll for a 99MW/297MWh BESS project in Germany with the trading arm of UK-based power group Centrica.