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Philippines president Ferdinand R. Marcos Jr cuts the ribbon to inaugurate ABB's BESS project in June. Image: Gov't of Philippines official photo.

State of Charge: Energy-Storage.news’ Guest Blogs of H1 2023

July 25, 2023
Our mid-year series continues with a look back at all 12 Guest Blogs published during the first six months of this year.
Google's Nest thermostats are among the devices from more than 70 partners compatible with Leap's platform. Image: Google.

‘Software-only’ US virtual power plant specialist Leap raises US$12 million financing

July 20, 2023
Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.
Speakers Mahdi Behrangrad of Pacifico Energy (left), Le Xu of ACES APAC (centre) and UAE Ministry of Energy senior advisor Shuvendu Bose at supply chain discussion, Energy Storage Summit Asia 2023. Image: Andy Colthorpe / Solar Media.

‘Everyone should do their homework, share risks’ to handle energy storage supply chain challenges

July 20, 2023
Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.
Corporate funding into energy storage companies as recorded by Mercom, from H1 2019 to H1 2023. Image: Solar Media, using Mercom Capital data.

Corporate funding for battery storage ‘bouncing back’ but still low in 2023 versus preceding years

July 19, 2023
Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.
Genex Power's Bouldercombe BESS project (pictured) suffered a 'minor' fire during commissioning but has since come online. Image: Genex Power.

Australia’s Genex energises first BESS, signs JDA for 2GW solar-plus-storage project with Japanese partner

July 4, 2023
Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.
tagenergy

TagEnergy closes €570 million green bond for renewables and storage pipeline

June 21, 2023
Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.
BatteryOS aims to provide data on revenues earnable in markets across the US. The company posted this visualisation of the value of energy storage in Texas' ERCOT market to Twitter this week. Image: BatteryOS via Twitter.

Optimisation software providers seek scale-up in key US battery storage markets  

May 23, 2023
Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.
Rendering of Oneida, the 250MW/1,000MWh project on which NRStor is among development partners. Image: NRStor.
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Financial close for Ontario’s flagship 1GWh Oneida battery storage project

May 18, 2023
Oneida, which will mix long-term contracted revenues with merchant risk exposure in Ontario, Canada, has reached financial close.
nam-viet-energy-solar-1

Vietnam’s Nam Viet Green Energy to finance up to US$300 million US solar and BESS projects

May 9, 2023
Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.
Taiwan Cement Corporation has awarded more than 400MWh of projects in Taiwan to NHOA. Pictured is a rendering of how one such project could look. Image: NHOA.

NHOA parent company TCC raising funds for energy storage player’s 10x growth ‘Masterplan’

May 3, 2023
NHOA is on track to achieve a targeted 10x growth in its business, but will require funds from its parent company to complete the task.

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Our Next Energy launches US-made ESS products, American Energy Storage Innovations winding down

Lightshift Energy to build Vermont’s largest BESS

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California BESS legislation update: Progress for pragmatic approaches, not for the extreme

California’s battery storage installations grow to almost 16GW

CBRE IM invests in Engie’s 2.4GW Texas and California BESS portfolio

Fluence grows US manufacturing footprint with Arizona factory opening

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