SolarEdge interim CEO Ronen Faier has spoken about the closure of the company’s utility-scale battery storage manufacturing business.

Fengate Asset Management and Alpha Omega Power have closed a tax equity commitment with US Bancorp Impact Finance for a 400MWh BESS project in California, acquired from Origis Energy.

Continuing a series of deals in Arizona, Salt River Project and EDPR NA have announced a 200MW/800MWh BESS near Coolidge, Arizona.  

Public Service Company of New Mexico (PNM) is seeking regulatory approval of two Energy Storage Agreements and a Certificate of Convenience and Necessity covering 350MW of energy storage capacity across three projects.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.

Fluence has ‘met or exceeded’ its financial guidance metrics for its 2024 fiscal year and expects to see ‘significant growth’ in its FY2025.

IPP Clearway Energy Group has signed a Energy Storage Exclusivity Agreement (ESEA) with California CCA utility Central Coast Community Energy (3CE) for a 750MW/3,000MWh standalone BESS located in Monterey County, California. 

A flurry of major grid-scale BESS news in Finland, the Netherlands, Germany and France about projects which could all be described as the largest in those countries.

We hear from S&P Global Commodity Insights analysts and a former Fluence executive about the major trends shaping the competitive landscape of system integrators in the BESS industry.