French multinational utility ENGIE has agreed to acquire the battery storage business of US developer Broad Reach Power.

US power marketer Gridmatic has launched a US$50 million fund it will put towards managing third-party battery storage assets, including covering collateral requirements, it told Energy-Storage.news.

The California Energy Commission (CEC) has approved the participation of aggregated home batteries in demand response programme.

US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.

California has passed 5GW of grid-scale battery storage energy storage (BESS) projects, grid operator CAISO has revealed.

California utility SDG&E has commissioned two projects totalling 171MW of battery storage, while system integrator Ameresco has secured contracts to deliver 379MWh for at four gas plants in the state.

Leyline Renewable Capital has provided loans to developers RAI Energy and Grid Connected Infrastructure (GCI) for solar and storage projects.

RWE has brought its biggest utility-scale BESS project in the US closer to the start of commercial operations.

Some 710MW of battery storage came online in the US in the first three months of the year, of which around 70% was in the ERCOT, Texas market, S&P Global said.

Adapting transmission infrastructure and accurately valuing energy storage are the major challenges to deployments in the US today, said panellists on the Keynote discussion at Energy Storage Summit USA today.