Blackstone Credit & Insurance, the newest business division of global asset manager Blackstone, has closed financing for a large-scale battery storage project in California, US, with developer Arevon.

Jigar Shah, the clean energy industry veteran leading the US Department of Energy Loan Programs Office, speaks with Energy-Storage.news.

Varco Energy has secured debt financing facilities from bank NatWest to fund its pipeline of battery energy storage systems (BESS) in the UK.

Developer Peregrine Energy Solutions has raised US$700 million in credit, equity and debt to go towards its US pipeline of energy storage, solar and wind projects.

Reducing exposure to merchant risk is key to making banks comfortable with lending money for hybrid renewables-plus-storage projects.

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

The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.

The collapse of Silicon Valley Bank has raised questions around the availability of capital for the clean energy sector, having been a major actor in the space to-date including with Sunrun, Leap, AES, Cypress Creek and other developers.

Infradebt has made the first close of a fund dedicated to investing in large-scale battery storage projects around Australia.

Hecate Grid, an independent power producer (IPP) developing utility-scale battery storage assets, has raised US$98.9 million through lenders.