Industry leaders warned that “unfettered optimism” regarding battery degradation is hitting a wall of operational reality.

Canadian-headquartered developer-operator Aypa Power announced successful close of a US$398 million financing package for the 250MW/1,000MWh Pediment BESS project.

Ameresco has secured a US$262 million increase to its credit facility, supporting the company’s 2.1GWh battery project in California.