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.

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

Denmark-headquartered multinational energy company Ørsted has put its 250MW/500MWh Old 300 energy storage project in Needville, Texas, US into operation.

We caught up with the president of OCI Energy, a developer-operator with a 4-hour BESS in Texas, about the longer duration, long-term project ownership and why the current US-China tariffs create a huge challenge for procurement.