East Point Energy, owned by Norwegian state-owned energy company Equinor has completed construction and started operations at the 100MW/200MWh Citrus Flatts energy storage project in Harlingen, Texas, US.
A roundup of user-posted analysis, views and unofficial news from across the industry this past week, this time looking at this week’s sabotage attack on the German grid, BESS revenues and electricity market activity, CATL’s LFP price cut and various non-lithium news.
US battery storage developer Key Capture Energy (KCE) has closed a US$300 million financing agreement with British multinational bank Standard Chartered.
Denmark-headquartered multinational energy company Ørsted has put its 250MW/500MWh Old 300 energy storage project in Needville, Texas, US into operation.
In this US news roundup, e-Storage, Spearmint Energy, and OCI Energy advance battery energy storage system (BESS) projects and financing in Michigan and Texas.
California-headquartered developer esVolta has closed an expanded corporate credit facility providing up to US$450 million of capital to expand new utility-scale energy storage projects in the US.
The Electric Reliability Council of Texas (ERCOT) has initiated a programme to encourage battery energy storage systems (BESS) and other inverter-based resources to adopt grid-forming technology.
Battery storage developer and operator Spearmint Energy has closed a US$450 million financing to support its 300MW/600MWh Red Egret battery energy storage system (BESS) project.
Long-duration energy storage (LDES) development and investment company Frontier Power USA (FPUSA) has acquired a 480MWh battery energy storage system (BESS) portfolio from developer-operator Bimergen Energy.
The business model for battery energy storage systems (BESS) in the US is changing rapidly, according to industry experts who gathered recently to discuss revenue strategies and market conditions.
