The US Department of Energy (DOE) has closed a US$489.4 million loan to Amanecer Puerto Rico, a subsidiary of developer Pattern Energy to support Puerto Rico’s electric grid.

The Spanish Ministry of Ecological Transition (MITECO) has awarded €360 million (US$415 million) to 1.14GW of solar PV co-located with battery energy storage system (BESS) projects.

EV manufacturer Ola Electric has entered India’s utility-scale battery storage market with a vertically integrated business model.

ZEBRE has submitted the 180MW/360MWh Noblevale Battery in Queensland for federal environmental assessment under the EPBC Act.

There is an opportunity for locally designed and manufactured BESS solutions in Europe, with the possibility of future EU controls of Chinese imports, former head of BESS products at Northvolt said. 

Market conditions look favourable, but some developers are finding it difficult to prove their revenue projections will hold up.

Manufacturing delays have led Fluence to adjust its fiscal year 2026 guidance, even as the company has logged record quarterly orders and a US$6.4 billion backlog.

Australian Vanadium Limited has signed an MoU with Alcoa to evaluate the deployment of vanadium flow battery technology in Western Australia.

Residential energy storage startup Base Power has announced a US$1 billion Series D financing at a US$13 billion post-money valuation, and the launch of its new home battery in production in Austin, Texas, US.

Elestor claims its hydrogen-iron flow battery delivers 75%+ round-trip efficiency, a 20-25 year lifespan, and 15€/kWh capex for long-duration storage.