We hear from US distributed and C&I solar and storage developer-operator Convergent Energy and Power about its financing, its pipeline and strategy, as it and Scale Microgrids both announce US$150 million multi-project bank financing deals.

SolarEdge interim CEO Ronen Faier has spoken about the closure of the company’s utility-scale battery storage manufacturing business.

The Council of Menorca, one of Spain’s Balaeric islands, has detailed its energy transition plan for the next four years including 18MWh of distributed battery energy storage systems (BESS).

Real estate investor Montea will put €30 million (US$33 million) to installing 56MWh of distributed battery energy storage systems (BESS) at logistics sites in Belgium and the Netherlands.

Storage developer and operator Lightshift Energy will deploy numerous distributed BESS projects totalling 50MW for various utilities via the Massachusetts Municipal Wholesale Electric Company (MMWEC).

Developers Agilitas Energy and On.Energy have raised a total US$125 million in debt financing towards solar, energy storage and hybrid solar-plus-storage projects in the US.

Investments totalling US$425 million combined have been secured by US storage and solar developer-operators Lightshift Energy and MN8 Energy.

Sunrun has published the results of its Peak Power Rewards system, which saw residential solar systems deployed amongst its customers provide an average of 27MW of power to the California electric grid for 90 consecutive days.

Investors SUSI Partners and SMT Energy have added 10 BESS projects in the ERCOT, Texas market, building on an already-operational 100MW portfolio in the state.