In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.

Intersect Power has secured US$750 million funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.

FREYR Battery will go ahead with construction of its first battery gigafactory in Norway, which has announced a National Battery Strategy.

Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million funding.

The story behind EStor-Lux, Belgium’s biggest BESS to date.

Zenobē has begun construction of its 50MW/100MWh battery storage asset in Scotland.

Zinc battery storage company Eos Energy Enterprises has secured a US$200 million investment commitment.

Debt and equity financing worth US$1.9 billion has been closed for one of the US’ largest solar-plus-storage power plants to date.

Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year.