Energy storage platform GoodPeak has closed construction debt financing to start construction on two 10MW battery energy storage system (BESS) projects in Texas, US.
Energy storage developer and system integrator Energy Vault has closed on US$28 million in project financing for the Calistoga Resiliency Centre (CRC) located in California, US.
IPP Enlight Renewable Energy has received a US$773 million debt financing for its solar-plus-storage Country Acres project located near Sacramento, California, US.
Utility Pacific Gas and Electric (PG&E) has announced intent to award up to US$43 million in grant funding for nine new community-driven microgrids in California, US.
Three virtual power plant (VPP) programmes have been announced in California and Colorado. Two of them will use Tesla’s Powerwall battery. Another is attempting to change customer habits to save energy and money.
ESN Premium’s two-part interview with the CEO of LG Energy Solution Vertech continues, covering topics such as US customer demand and the Moss Landing fire.
According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
Utility and power generation firm Vistra will write down the value of its Moss Landing BESS to the tune of US$400 million in depreciation expense, its entire remaining book value.
