IPP Eolian has closed a US$463 million financing package to support the continued construction of Padua 2 and Padua 3, two battery energy storage systems (BESS) totalling 350MW/1.7GWh in Bexar County, Texas.

We catch up with the CFO and co-founder of German BESS own-operate platform Terra One, after its €150 million (US$173 million) mezzanine financing to scale up in Europe’s hottest energy storage market.

Spanish IPP Grenergy has begun construction on a 340MW solar project with 960MWh of energy storage in El Cabrero, located in Chile’s Biobío region. 

Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

Chinese lithium-ion OEM Hithium will push forward with its planned IPO on the Hong Kong Stock Exchange (HKEX).

Honeywell, LS Electric, esVolta, Sitetracker, PairedPower, PHNXX, and Energy Toolbase are collaborating on new initiatives to advance energy storage installations across the US.

BESS asset management in the UK has moved beyond the rudimentary ‘project delivery and basic O&M’ approach, a speaker at the upcoming Battery Asset Management Summit UK & Ireland explained in a Q&A.

Community-owned public power utility Denton Municipal Electric (DME) has signed a power purchase agreement (PPA) with Jupiter Power covering offtake from one of the developer-operator’s standalone BESS projects destined for Robertson County in Texas. 

H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone battery storage project in Brazoria County, Texas.

GoldenPeaks Capital (GPC) and Huawei Polska have signed a Memorandum of Understanding (MoU) on a Battery Energy Storage System (BESS) cooperation focusing on 500MWh grid-forming BESS in Europe.