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eos energy

Zinc battery company Eos Energy secures US$85m loan

August 2, 2022
Zinc-based battery energy storage system provider Eos Energy Enterprises has secured a US$85 million loan facility with Atlas Credit Partners (ACP).
ubs asset management

UBS Asset Management buys 700MW ERCOT BESS portfolio from Black Mountain Energy Storage

August 2, 2022
Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.
borrego aes co-located solar plus storage battery new york massachusetts

Borrego completes sale of solar PV, energy storage development arm

August 2, 2022
Borrego has completed the spin off and sale of its development business to energy transition investor ECP for an undisclosed amount.
The news follows the 2021 cancellation of ENGIE's Puako project in Hawaii, also contracted to NHOA. Image: ENGIE.

ENGIE’s tender-winning Guam solar-plus-storage project cancelled

August 2, 2022
ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.
A Dominion Energy pilot BESS project in Virginia, retrofitted at an existing PV plant site. Image: RES.

Utility Dominion gets Virginia battery storage pilot projects online ahead of US state’s major rollout

August 1, 2022
As Virginia’s push towards one of the country’s most ambitious energy storage targets gets underway, pilot battery storage projects have been brought online.
Broad Reach Power Texas BESS project in construction, 2020. Image: Broad Reach Power.

Broad Reach Power gets US$160 million financing for battery storage projects

July 29, 2022
Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.
King Mountain wind power plant, which was commissioned in 2000 and repowered four years ago. Image: Cielo Wind Power Corporation.

First 150MW Texas battery project acquisition for developer Spearmint Energy

July 29, 2022
Startup Spearmint Energy has become the latest developer to acquire a large-scale battery storage project in Texas.
Joe Manchin at an event with Energy Secretary Jennifer Granholm (left). Image: Joe Manchin's office.

Manchin-Schumer-backed Inflation Reduction Act includes ITC for energy storage

July 28, 2022
Hopes have been raised once again that US lawmakers could introduce an investment tax credit for energy storage.
lithium potassium

Austin startup Group1 aims for world-first commercialised potassium-ion battery

July 27, 2022
Startup Group1 is seeking to commercialise cathode materials for potassium-ion batteries, a world-first, while Northvolt is seeking to build batteries using a tree-derived carbon material lignin.
proteus power

New developer Proteus Power eyes 3GW-plus renewables and energy storage pipeline in North America

July 27, 2022
Recently-formed company Proteus Power plans to develop and build over 3GW of solar, wind and battery energy storage projects in North America.

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