Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.

Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).

Sterling and Wilson has signed a memorandum of understanding with the government of Nigeria to develop and construct PV and BESS projects.

A solicitation for large-scale energy storage could be hosted in about a year’s time as part of the push towards New York achieving its target of deploying 6GW of energy storage on the grid by 2030.

Goldman Sachs and Cleanhill Partners have swooped to acquire a majority stake in EPC Power, a US manufacturer of power conversion systems.

Eos Energy Enterprises has progressed to the due diligence stage in its application for a share of US$2.5 billion in US government loans.

Pattern Energy has achieved financial close on an offshore wind project in northern Japan to include a 100MW battery energy storage system.

Qcells has closed a US$150 million financing deal for its first large-scale standalone battery energy storage system (BESS) project.

Luna Battery Storage, a 100MW/400MWh BESS project in California, is now online and serving community choice aggregator Clean Power Alliance.

US$1 billion financing has been secured for ‘Round-The-Clock’ renewables, claimed as India’s biggest single-project clean energy deal.