The owner of a battery energy storage system (BESS) project in Illinois, US, is seeking at least US$10 million in damages from LG Energy Solution for supplying allegedly defective batteries, a court document shows.
Utah is not perhaps a US state people would immediately associate with cutting edge clean energy tech development, but that’s where sonnen’s virtual power plant (VPP) offering took shape.
Blackstone and Foss & Company have completed transferability investment tax credit (ITC) deals for BESS projects in California and Texas, a market which has grown “faster than anyone expected” according to tax credit ecosystem Crux.
Blackstone Credit & Insurance, the newest business division of global asset manager Blackstone, has closed financing for a large-scale battery storage project in California, US, with developer Arevon.
Zinc-bromine flow battery technology company Redflow has received a grant award and notice-to-proceed (NTP) for two projects in California, US, totalling 21.6MWh.
Spain-headquartered Ingeteam has landed a deal to provide power conversion system (PCS) equipment for a solar-plus-storage in Chile with, according to its developer Grenergy, the world’s largest BESS.
Global battery energy storage system (BESS) integrator Fluence saw a record order intake of US$1.1 billion in the first quarter of its 2024 financial year, but slipped back into a net loss, possibly reflecting seasonality.
When it comes to energy storage tech, one size does not fit all and diversity of options will become crucial, writes Mukesh Chatter, CEO of Alsym Energy.
