A debt financing deal closed by independent power producer (IPP) sPower for a 100MW / 400MWh battery storage project in California demonstrates that significant project finance investment can be achieved for large-scale battery facilities.

The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects.

A project which will combine and then assess four different types of non-lithium technologies for long-durations of energy storage has been awarded a grant by the California Energy Commission (CEC).

PG&E, one of California’s main investor-owned utilities (IoUs) has awarded contracts for more than 1,000MW of battery energy storage projects to be deployed in its service area by the end of 2023, the company’s senior VP for energy policy and procurement has said.

For California to achieve its target of eliminating greenhouse gas (GHG) emissions from its electricity sector by 2045, the state will need to deploy between 45GW and 55GW of long-duration energy storage, a new study has found.

Another contract has been signed for energy from a large-scale solar-plus-storage plant by one of California’s Community Choice Aggregator (CCA) groups.

US electricity provider Direct Energy Business will be using some of the world’s largest battery energy storage systems to help cover its customers’ peak demand for power, signing contracts with project developer and investor LS Power.

Vertically integrated solar PV company Canadian Solar will install 75MW / 300MWh of battery energy storage at a California solar power plant owned by Goldman Sachs Renewable Power.

A group of Community Choice Aggregators (CCAs) in California, US, are seeking long-duration energy storage to add resiliency to their electricity networks serving around three million customers.