Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million funding.

Utah project claimed as largest green hydrogen storage hub planned globally will get loan funding from the US Department of Energy.

Genex Power has “secured the final piece” of its project finance package for Bouldercombe Battery Project in Queensland. 

Genex Power has received credit approvals on a AU$35 million (US$25.26 million) debt finance facility for its 50MW/100MWh Bouldercombe battery energy storage system (BESS) project in Queensland, Australia. 

Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said. 

Gore Street Energy Storage Fund has acquired a 57MW project while Pacific Green Technologies has closed debt financing on the first project in a 1.1GW pipeline in the UK.