Gresham House Energy Storage Fund (GRID) is on track to own more than 1.2GW of operational battery energy storage systems after securing a deal to acquire 425MW of projects from Gresham House Devco and expanding its exclusive pipeline by a further 427MW.
Thailand-headquartered renewable energy group BCPG will invest US$24 million into vanadium redox flow battery (VRFB) manufacturer VRB Energy, aimed at accelerating VRB’s utility-scale VRFB business.
Amazon has invested in India-headquartered battery management software and electronics specialist ION Energy through its US$2 billion fund to support companies with promising sustainability technologies.
Funding has been raised towards the execution of two battery energy storage projects in Virginia and Texas with a total capacity of 400MW / 1,400MWh, from a partnership of two investment groups and a power project development company.
Facebook has been asked to renegotiate the terms of contracts with a New Mexico utility, signed for solar energy and energy storage facilities which will power a data centre in the state.
US Congress has been urged to unlock US$50 billion of federal spending power to implement upgrades to the country’s electricity sector, including measures to support energy storage.
After local opposition to the construction of a new gas peaker plant in Oxnard, California, a battery storage plant that was chosen instead has gone online just nine months after construction began.
NTPC, an independent power producer (IPP) in India with over 65GW of power plants across the country wants to install 1,000MWh of energy storage at its existing generation facilities.
Verdant Microgrid, a developer of distributed generation projects ranging from 1MW to 20MW largely for commercial and industrial (C&I) sector customers, has secured a US$150 million financing agreement to further its activities.
A 50MW lithium-ion battery storage system which will form part of a transmission system-connected ‘Energy Superhub’ has been commissioned in Oxford, England, while another 100MW transmission-connected project in the country has reached financial close and is set to begin construction soon.
