Matthew Biss looks at how energy storage companies plan and mitigate tariff and tax credit risks within an uncertain policy landscape.

News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.

Spanish independent power producer (IPP) Grenergy has planned to invest €3.5 billion (US$3.9 billion) to increase its energy storage and hybrid portfolio by 2027.

Ingrid Capacity and SEB have broken ground on a large-scale BESS in Finland, while Monsson has acquired a project in Sweden which it will start building in June.

Ampyr Australia and Copenhagen Infrastructure Partners are seeking buyers for 960MWh and 1,000MWh BESS projects in Australia.

The US state of Massachusetts has taken steps to further its goal of procuring 5,000MW of energy storage by 2030.

A c.500MWh BESS project in Bulgaria has been inaugurated, claimed as the largest in the European Union (EU).

Even during times of turmoil for the US renewable energy industry, IPPs are continuing to secure long-term offtake agreements in California.

Utility and power generation firm RWE will trade 50MW/100MWh of BESS capacity in Germany from the virtual aggregation platform of startup Terralayr under a five-year agreement.

Sungrow and Globeleq are negotiating a deal to supply equipment for a 612MWh government tender-winning battery storage project in South Africa.