Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.
Recurrent Energy is seeking a loan from financial institution North American Development Bank (NADBank) to fund the construction of a 100MW/200MWh standalone battery storage facility located in Maverick County, Texas.
Japanese power company J-Power has completed its takeover of Australian renewable energy and energy storage developer Genex Power in a deal worth AUS$351 million (US$229 million).
System integrator Fluence Energy and investor Excelsior Energy Capital have entered into a supply agreement for 2.2GWh of BESS, which Fluence claims will utilise US-manufactured battery cells and modules.
We hear from Modo Energy about the latest developments for BESS revenues in the ERCOT, Texas market, including how numerous trends are making optimising projects increasingly complex.
LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.
The Electric Reliability Council of Texas (ERCOT) has continued its 2024 energy storage deployment charge after it cleared 650MW worth of battery storage capacity for commercial operation during the month of June, according to the system operator’s monthly generation interconnection status report.
