System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.
Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.
Tier-1 battery manufacturer EVE Energy will be the first to mass-produce lithium iron phosphate (LFP) battery cells with more than 600Ah capacity for stationary applications.
IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
A county authority in New Mexico, US, has approved an industrial revenue bond (IRB) to support the development of a BESS project from Blackstone-owned developer-operator Aypa Power.
Changes to the California Independent System Operator (CAISO) interconnection process have been approved by the Federal Energy Regulatory Commission (FERC) following months of scrutiny.
