The second high-profile battery storage failure due to a faulty sprinkler system could mark the beginnings of exclusions from insurance policies if certain providers develop a negative track record, a source said.

EDF Renewables North America has signed a 20-year PPA with SCPPA for its 117MW solar PV project in Riverside County.

Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significant lower growth in 2023 due to transitioning its utility-scale product.

Electriq Power, a US provider of battery storage solutions, has secured a deal that could be worth more than US$300 million.

Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.

Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

Ameresco has nearly completed its three-site, 2.1GWh battery energy storage system project for utility Southern California Edison.

Zinc battery firm Eos Energy Enterprises had a disappointing Q4 2022 with revenue falling both year-on-year and quarter-on-quarter, although its orders booked and order backlog continue to grow strongly.