Renewable energy developer-operator Arevon has completed a US$258 million financing for the 200MW/400MWh Peregrine battery energy storage system (BESS) in San Diego, California, US.

The Indian Central Electricity Authority has advised state utilities and all renewable energy implementing agencies to co-locate energy storage systems (ESS) with solar PV in future tenders.

Egypt’s government has signed contracts with developer AMEA Power for two large-scale battery energy storage projects, the country’s first.

As Europe’s BESS industry matures, project owner-operators are taking on more control – and risk – when it comes to procuring technology and services for their projects.

IPP E energija Group has started building what it claims is the largest ‘private’ BESS project in Lithuania, a few weeks after the Baltic region decoupled from Russia’s electricity grid.

Toronto, Ontario-headquartered Hydrostor has received planning approval for a 200MW/1,600MWh advanced compressed air energy storage (A-CAES) project in New South Wales, Australia.

Developer-operator TransGrid Energy has successfully secured over US$1.4 billion in financing for two battery energy storage (BESS) projects located in Arizona, US, with a combined capacity of 450MW/1,800MWh.

California High-Speed Rail Authority (CHSRA) has commenced the permitting process for a 265MWh hybrid solar and BESS project.

LG ES will begin production of lithium iron phosphate (LFP) cells for stationary energy storage applications in the US this year.

European lithium-ion OEM Northvolt has sold the division in which its ESS manufacturing plant in Poland sits, as it continues to divest non-core assets amidst its ongoing Chapter 11 bankruptcy.