February 2025 saw around 4.5GW/10.5GWh of grid-scale BESS deployments globally, with China continuing to account for the majority but Europe increasing its share from January.
A news roundup focusing on system integrator Powin’s recent moves in the industry, resource updates in New Mexico and a newly announced energy management system from Prevalon.
Developer Cypress Creek Renewables has received a US$133 million financing from First Citizens Bank for the Destiny Storage Project, a standalone battery energy storage system (BESS) in Texas.
Carlyle Portfolio Company-owned developer Copia Power has closed a US$1.71 billion debt facility to fund construction of its Maricopa Energy Centre Projects.
Florida’s largest utility, Florida Power & Light (FPL), is ramping up its energy storage ambitions across the Sunshine State, with plans to deploy over 2.2GW of new BESS between 2026 and 2027.
IPP Clearway Energy Group has closed financing and started construction on its 1,280MWh Honeycomb battery energy storage system (BESS) portfolio in Utah, US.
US solar and storage developer Adapture Renewables has acquired a hybrid 110MW solar and 110MW battery energy storage system (BESS) project from Samsung C&T Renewables.
