The investment tax credit is an undoubted game changer for the US industry, but it isn’t easy or cheap to capture its benefits.

Developer Spearmint Energy has acquired a portfolio of battery energy storage system (BESS) projects totalling 900MW in the ERCOT, Texas market, set to come online in 2025.

Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

Aypa Power has bought two “late-stage development” battery storage projects in Indiana, US, from Blue Steel Power.

A major upturn in US energy storage deployments is expected as a direct consequence of the Inflation Reduction Act.

Developer PowerField’s first large-scale battery storage projects in the Netherlands will be installed at solar PV parks, allowing them to connect to an otherwise congested grid network.

DIF Capital Partners, together with ib vogt, has agreed to acquire a 100% interest in the largest UK co-located solar and battery portfolio from Cero Generation and Enso Energy.

Alberta-based developer Enfinite has commissioned two grid-scale battery storage projects in the Canadian province.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.

Developers Taaleri Energia and Merus Power have partnered to deploy a 30MW/36MWh battery energy storage system in Finland, one of the country’s largest.