Independent power producer (IPP) Verano Energy has awarded the battery energy storage system (BESS) supply for its 152MW/606MWh Observatorio project to Sungrow.

Energy-Storage.news Premium speaks with Mona Dajani of law firm Cooley, about how FEOC has changed BESS project negotiations and financing.

Operators anticipate bringing an additional 54GW of battery storage capacity online over the next two and half years, according to the US Energy Information Administration (EIA).

Energy storage developer and system integrator Energy Vault has entered into a strategic agreement supporting hyperscaler AI data centres for a customer in Texas, US.

Danish investment firm Copenhagen Infrastructure Partners (CIP) has reached financial close of the La Esperanza Solar energy storage-plus-solar PV project in the state of Campeche on Mexico’s Yucatán Peninsula.

Avantus has closed a US$1.05 billion corporate credit facility to support the company’s IPP strategy and accelerate development of its solar and energy storage portfolio.

In this news roundup, ACCURE, Hydrostor, Shoals and TerraFlow, and Qnetic claim significant advances in and for energy storage technology.

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.

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.