We hear from two platforms facilitating domestic content investment tax credit (ITC) deals in the US, tax credit deal ecosystem Crux and procurement platform Anza, on how far the incentive has penetrated the energy storage market.

Renewable energy developer-investor Aquila Clean Energy has contracted optimiser Entrix to provide route-to-market services for two battery projects in Germany.

Solar PV and BESS firm Canadian Solar will build a BESS and cell manufacturing facility in Kentucky, in a factory which was recently vacated by metal-hydrogen battery company EnerVenue.

Construction is underway on a 100MWh thermal energy storage project in Finland, using the same ‘Sand Battery’ technology as a 8MWh system which came online in 2022.

Plans for a 400MW standalone BESS in Howard County, Indiana, proposed by Spearmint Energy faced a major setback last week.

London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects.

System integrator NHOA Energy will provide Spanish transmission system operator (TSO) Red Eléctrica with 140MW/105MWh of BESS for two separate storage-as-transmission projects on the Balaeric Islands.

The Ministry of Energy of Uzbekistan has signed an Implementation Agreement (IA) with ACWA Power for battery energy storage system (BESS) projects.

Avadis Investment Foundation is buying a BESS project in Switzerland which could be the country’s largest when it is scheduled to come online in 2027.

Steag subsidiary Iqony and Fluence will deploy a 50MW/200MWh BESS project in Germany, part of which will be contracted under a PPA with train network operator Deutsche Bahn.