UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.
US-made battery energy storage system (BESS) DC container solutions will become cost-competitive with those from China in 2025 thanks to incentives under the Inflation Reduction Act (IRA), Clean Energy Associates said.
Inlyte Energy has completed a seed funding round to develop its iron and salt-based battery technology, which it claims has high efficiency, long lifetime, ‘competitive’ energy density, excellent safety and an ultra-low cost.
The battery energy storage system (BESS) arm of PV module manufacturer Canadian Solar has won a 800MWh order for a project in Arizona from Tucson Electric Power (TEP).
Arizona Electric Power Cooperative (AEPCO) has received board approval to deploy a solar-plus-storage project with up to 940MWh of capacity, after two smaller co-operatives completed smaller co-located projects in the state.
California now has 6.6GW of battery energy storage systems (BESS) online, while Gore Street has secured US$60 million in financing for its 400MWh project in the state.
Battery storage developer and operator Spearmint Energy has closed a US$92 million tax equity investment into a battery storage project in the ERCOT, Texas market.
Hitachi Energy has acquired Spanish power electronics and energy management system manufacturer Eks Energy (EKS) from battery storage system integrator Powin.
A 110MW/440MWh battery storage project in New York has been given the green light by regulators, ahead of the launch of tenders which could create a significant market opportunity in the state.
