Tesla more than doubled its ‘all-time-high’ quarterly deployment numbers for energy storage in the second quarter of this year.

Jupiter Power has completed and put into commercial operation a BESS project provided by technology firm and system integrator Energy Vault in the ERCOT, Texas market.

US renewable energy company Ormat Technologies has signed a 15-year contract for an 80MW/320MWh BESS project in California.

The Board of Supervisors at California’s San Diego County voted to establish standards for the siting of battery storage facilities at a meeting held 17 July 2024, following two recent fires.

Arizona utility Salt River Project has signed agreement for dispatch rights to 250MW/1,000MWh battery energy storage system (BESS) project.

Renewables developer Clearway Energy Group has closed a US$700 million construction financing on a portfolio of solar and storage projects in California, US.

The Energy Research and Development Division of the California Energy Commission (CEC) has issued a report highlighting the importance of energy storage facilities with a discharge duration of eight hours or more in order for the Golden State to reach its target of a zero-carbon electricity grid by 2045. 

The US Department of Energy has issued a loan of up to US$861.3 million to support 200MW solar PV and 285MW/1,140MWh BESS in Puerto Rico.

The CPUC has proposed the procurement of over 10GW of new energy resources, including 1GW of multi-day long-duration energy storage (LDES) and another 1GW of 12-hour-plus LDES.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.