UK Infrastructure Bank plans to invest up to £265 million (US$331.45 million) in energy storage development in the UK, in partnership with British Gas owner Centrica Plc.

Texas continues to be a hotbed for energy storage activity, as CATL announces major supply deal and first project to get ITC comes online.

The investment tax credit is an undoubted game changer for the US industry, but it isn’t easy or cheap to capture its benefits.

Electriq Power, a US provider of battery storage solutions, has secured a deal that could be worth more than US$300 million.

Amarenco has raised €300 million, enabling asset management firm Arjun Infrastructure Partners to acquire a minority stake in the company.

Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

One of Belgium’s largest battery energy storage system projects so far has been brought online at the site of a former coal power plant.

Alberta-based developer Enfinite has commissioned two grid-scale battery storage projects in the Canadian province.

The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.

TransAlta has acquired a 50% stake in an early-stage development pumped hydro energy storage (PHES) project in Alberta.