Developers Spearmint Energy, On.Energy, Nexus Renewables and Granite Source Power have collectively secured US$300 million for US battery storage projects, the bulk by Spearmint.
Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.
Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.