Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.

Borrego has completed the spin off and sale of its development business to energy transition investor ECP for an undisclosed amount.

ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.

Mobile battery storage rental company Greener Power Solutions plans to diversify its supply base away Alfen and has already bought a unit from Northvolt.

Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.

Startup Spearmint Energy has become the latest developer to acquire a large-scale battery storage project in Texas.

VoltStorage, a developer and maker of energy storage systems using vanadium flow batteries, has raised €24 million (US$24.3 million) in a Series C.

The German battery storage-integrated EV charging space had a busy July, with startup Numbat raising €10m-plus in capital and Volkswagen and JOLT Energy opening charging parks.

Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.

Recently-formed company Proteus Power plans to develop and build over 3GW of solar, wind and battery energy storage projects in North America.