Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 

News in brief from around the world in energy storage, this time from the USA.

Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.

Battery energy storage system (BESS) developer Jupiter Power has closed a US$174.6 million portfolio debt financing for its six projects totalling 650MWh of storage in the ERCOT market in Texas.

A region of southern California desert has the potential to become the hub of a “world-class lithium industry”.

CATL has sold 900MWh of battery energy storage system (BESS) equipment to US independent power producer (IPP) Broad Reach Power. 

There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021.

Holyoke Gas & Electric (HG&E) with a 5MW/15MWh battery energy storage system (BESS).

Californian investor-owned utility PG&E has commissioned the 182.5MW/730MWh battery energy storage system supplied by Tesla at its Moss Landing substation.

Energy storage poised for “rapid growth” in US, with between 130GW to 680GW diurnal storage capable of integrating 80% share of renewables by 2050.