While contractual parties are rarely ironing out end-of-life provisions for BESS, those that do are keeping their options open with the future value of degraded batteries far from clear, a UK-based lawyer said.

Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.

Ark Energy, a renewable energy developer, has submitted a development application for a 500MW solar-plus-storage project in Myrtle Creek, in north New South Wales, Australia.

Councillors in Dorset, UK have reportedly approved one of the largest BESS projects in the world, from developer Statera Energy.

Recurrent Energy is seeking a loan from financial institution North American Development Bank (NADBank) to fund the construction of a 100MW/200MWh standalone battery storage facility located in Maverick County, Texas.

Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support.

A new tender from the Solar Energy Corporation of India (SECI) seeks 2,000MW of solar PV combined with 1,000MW/4,000MWh of energy storage system (ESS) technology.

Japanese power company J-Power has completed its takeover of Australian renewable energy and energy storage developer Genex Power in a deal worth AUS$351 million (US$229 million).

System integrator Fluence Energy and investor Excelsior Energy Capital have entered into a supply agreement for 2.2GWh of BESS, which Fluence claims will utilise US-manufactured battery cells and modules.

We hear from Modo Energy about the latest developments for BESS revenues in the ERCOT, Texas market, including how numerous trends are making optimising projects increasingly complex.