Renewable energy developer and operator Arevon has completed the financing for a 600MWh solar and storage project in California, US, including US$191 million of investment tax credits (ITC) provided using new transferability provisions.

Aypa Power has secured a portfolio debt and tax equity financing package totalling US$550 million for two battery energy storage system (BESS) projects in California and Texas.

The US Bureau of Land Management has advanced on 15 clean energy projects, with two solar PV and storage plants operational in California.

Inlyte Energy has completed a seed funding round to develop its iron and salt-based battery technology, which it claims has high efficiency, long lifetime, ‘competitive’ energy density, excellent safety and an ultra-low cost.

California now has 6.6GW of battery energy storage systems (BESS) online, while Gore Street has secured US$60 million in financing for its 400MWh project in the state.

US independent power producer Clearway Energy has started commercial operations at its Daggett solar-plus-storage facility, which includes 482MW of solar capacity and 280MW of battery storage.

Legislation that requires battery storage facilities to put in place safety and communication protocols has been signed into law.

With leading US energy storage markets on a phenomenal growth trajectory, the role of BESS has been highlighted by recent heatwaves.

Developer Terra-Gen will now investigate the cause of a fire at its Valley Center BESS in California, with public safety measures lifted and the incident considered “over”.

Flow battery companies at the RE+ 2023 show in Las Vegas offered takes on how their technologies can compete in the evolving energy storage market.