The US Department of Energy has issued a loan of up to US$861.3 million to support 200MW solar PV and 285MW/1,140MWh BESS in Puerto Rico.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.

Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.

Toronto, Ontario-headquartered Hydrostor is proposing to deploy one of its advanced compressed air energy storage (A-CAES) facilities in Greater Napanee, Ontario.

Winning bids as low as IR3.41/kWh (US$0.041/kWh) have been registered in a tender for solar PV paired with battery storage hosted by the Solar Energy Corporation of India (SECI).

Energy-Storage.news Premium speaks to one of the chief architects of the Capacity Investment Scheme (CIS), aimed at breaking down barriers to investment and deployment in Australia’s renewable energy and storage sectors.

IPP Tenska has submitted an application with the Washington Energy Facility Site Evaluation Council for the construction and operation of a 200MW/800MWh standalone BESS.

Emerging energy storage markets across Asia face a similar learning curve today as their maturing counterparts have done in the past.

India’s cumulative battery energy storage system (BESS) installations stood at 219.1MWh at the end of March 2024, according to Mercom India.

The energy storage market in Ireland continues to show strong growth potential. While still in the early stages of site construction, new additions are now providing a strong uptick in activity.