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.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

This expert panel from the Energy Storage Summit 2021 brought together leading figures in the finance community to discuss the different financing and business models they’ve seen, and how they expect the market to evolve for energy storage in the UK.

Energy storage system integrator Powin Energy has gained equity investment which the company claimed will allow it to significantly improve its integrated software and hardware platform.

San Diego, California’s ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.

French hybrid energy storage solutions provider Electro Power Systems has secured an equity-linked financing deal to the sum of €30 million (US$31.88 million) with the European Investment Bank (EIB).

Sunverge, a California-based provider of distributed energy storage and control systems, has closed a US$15 million funding round that it said would support its expansion.