A roundup of US battery storage project financing news from this week, with deals struck by SMT Energy and UBS, Plus Power, as well as CleanCapital and Available Power, covering over 1GW of projects.
San Diego Gas & Electric (SDG&E), one of California’s main investor-owned utilities (IOUs), has brought online a portfolio of four ‘advanced’ microgrids equipped with 180MWh of battery storage.
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.
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.
