System integrator and project developer On.Energy has closed a US$77.6 million construction credit agreement with Pathward, NA and BridgePeak Energy Capital to build its 160MWh Palo de Agua battery energy storage system (BESS) portfolio.
Developers looking to build new BESS facilities in Canada’s capital will have to adhere to stricter regulations, following the approval of amendments to the city’s planning and zoning laws by Ottawa’s Agriculture and Rural Affairs Committee during a recent meeting (23 January).
The IRS has released an amended cost breakdown of BESS to be used for calculating if a product qualifies for domestic content tax credit incentives, with an increase in US suppliers in the coming quarters.
Developer and operator esVolta has completed a preferred equity transaction with investor Captona for three BESS in Texas, US, while GridStor has bought a 400MWh project in Arizona.
LG Energy Solution is ‘proactively responding to market volatilities’ that have seen the South Korean battery manufacturer’s annual operating profits slide 73.4%.
Energy storage system integrator HyperStrong has concluded an IPO to list its shares on the Shanghai Stock Exchange’s STAR Market for science and technology innovation companies.
Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.
Speaking with Energy-Storage.news, North American lithium-ion battery recycling specialist Li-Cycle said that battery recycling will help the US become less reliant on foreign imports and “help bolster energy independence and national security.”
