The noise of battery energy storage system (BESS) technology has “exploded” as a concern in the last six months, an executive from system integrator Wartsila ES&O said.

Investment manager Quinbrook Infrastructure Partners has closed funding for its Valley of Fire Fund, raising US$600 million in capital commitments from what it called “leading US and European institutional investors”.

US-based startups Torus and Alysm Energy have raised a combined US$145 million to scale up their non-lithium energy storage technology businesses.

The government of Estonia has signed a Memorandum of Understanding (MoU) for what would be the Eastern European country’s first pumped hydro energy storage (PHES) facility.

Gas and geothermal plant operator Calpine Corporation will bring 510MW of its 680MW capacity battery energy storage system (BESS) project in California online in summer 2024, with BYD battery units.

The government of Alberta, Canada, has selected advanced and clean energy projects to receive CA$33.7 million (US$24.83 million) in grant funding, including a hydroelectric-plus-supercapacitor technology pilot.

This Friday Briefing discusses energy storage companies getting new ownership, and how the right owners or investors bring a ‘synergy advantage’.

Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.

Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.

The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme.