Energy storage developer-operator Aypa Power has closed a US$1.5 billion construction warehouse revolving credit facility to advance projects across the US.
Origin Energy has begun generating revenue from the initial stage of the Supernode and the Eraring Stage 1 battery storage projects, located in Queensland and New South Wales, Australia.
US battery energy storage system (BESS) developer-operator Jupiter Power has closed a US$500 million senior secured green revolving loan and letter of credit facility to support the advancement of its project pipeline across the US.
Battery energy storage projects have emerged as the dominant force in Australia’s energy investment landscape, accounting for 46% of the nation’s 64GW development pipeline, according to the Australian Energy Market Operator’s (AEMO) latest quarterly report.
“We see energy storage as an opportunity for (data centres) to reduce their impact on the grid”, said Patrick Hughes, Senior VP of Operations and Strategy at NEMA.
Utility company Avista has selected projects as part of its request for proposal (RFP) process to identify new resources, including a 100MW battery energy storage system (BESS), for the Pacific Northwest, US.
Virginia’s recently proposed legislation to significantly increase energy storage requirements coincides with unprecedented electricity demand growth in the state, largely driven by data centres.
