US tax equity syndicator Foss & Company has closed a US$58 million partnership flip transaction to finance an energy storage project in Hidalgo County, Texas, developed by GridStor.
Samsung C&T’s Australian renewables arm has referred an 800MWh battery energy storage system (BESS) in Victoria’s Gippsland region to the federal government under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
Battery energy storage systems (BESS) in Australia’s New South Wales (NSW) earned an estimated AU$5.63 million (US$3.88 million) in two hours on 12 October, as wholesale electricity prices peaked at AU$23,107/MWh.
Distributed energy resource (DER) platform Voltus has raised US$225 million in an oversubscribed Series D financing round and is looking to expand in the US and Canada.
Annual battery energy storage system (BESS) failures per-deployed-GWh declined 98% globally between 2018 and 2025, as installed BESS capacity grew exponentially.