Companies in the battery storage sector attracted US$11.4 billion in corporate funding in the first nine months of 2021, a 363% rise on the same period of last year.
Clean energy solutions provider Ameresco has contracted with California investor-owned utility Southern California Edison (SCE) to deliver battery energy storage systems (BESS) totalling 537.5MW of output and 2,150MWh.
Tesla deployed 1,295MWh of energy storage in the third quarter of 2021 and has recorded a 96% compound annual growth rate (CAGR) in deployments over a four-year period.
US renewable energy developer Leeward Renewable Energy has entered into a long-term power purchase agreement (PPA) for a solar-plus-storage facility it is preparing to construct in Kern County, California.
Hawaiian Electric is launching its newest “all-source” renewable energy procurement for capacity and grid services on the eastern side of Hawaii Island.
Puerto Rico Electric Power Authority (PREPA) has sought approval for the launch of its latest Request for Proposals (RfP) for renewable energy and energy storage resources.
Fluence could raise more than US$700 million from the planned initial public offering (IPO) of its Class A common stock which would be listed on the Nasdaq Global Market.
Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage Energy Vault after receiving target proposals from more than 100 different firms.
Virtual power plant (VPP) company Swell Energy and battery storage provider sonnen have both announced deals that will turn thousands of residential solar-powered energy storage systems into valuable resources for their local grid network.
