“BESS project financing is rapidly evolving,” says Niall Brady of Australia’s Clean Energy Finance Corporation (CEFC).

Further developments from the California Independent System Operator (CAISO) market including new standards for BESS maintenance and operation and new BESS capacity announced by SDG&E.

The Poland arm of UK-headquartered developer Harmony Energy has sold a 200MW/400MWh BESS project to EDF Renewables Polska.

Thimo Mueller of AEMO Services, believes the value of energy storage in Australia will be higher than investor expectations.

Rio Tinto has penned an offtake agreement to secure 2.1GWh of BESS capacity from an Edify Energy-owned asset in Queensland, Australia.

Developer Cypress Creek Renewables has received a US$133 million financing from First Citizens Bank for the Destiny Storage Project, a standalone battery energy storage system (BESS) in Texas.

The government Department of Energy (DOE) of the Philippines has opened the initial steps of an auction scheme for renewables paired with energy storage.

IPP Eurowind Energy will install a 45MWh BESS at a wind and solar plant in Skive, Denmark, one of the country’s largest.

Billion Watts Technologies, the solar and energy storage subsidiary of Taiwan’s Billion Electric, has completed a 64MW/262.43MWh battery energy storage system (BESS) in central Taiwan.