Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.
The CEO of Key Capture Energy has said the company will immediately be able to apply lessons learned from a 20MW battery project in New York to its pipeline of much bigger projects in the state to come.
Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.
London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.
AGL, one of Australia’s biggest power generation and retail companies, has received government planning approval for a large-scale standalone battery storage system, a year on from its first announcement of the project.
Four new grid-scale battery energy storage projects have been announced by California energy supplier Central Coast Community Energy (CCCE), including three long-duration flow battery projects.
The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate, where negotiations will continue over the legislation.
