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While the 83% year-on-year drop sounds dramatic, Q1 2022 was an outlier due to the inclusion of LG Energy Solution's US$10.7 billion IPO which itself accounted for 83% of that quarter's total. Image: Solar Media using Mercom Capital data.

Corporate funding for battery storage companies slows down in Q1 2023

April 18, 2023
Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  
Commercial rooftop solar installation in Vietnam, which has plenty of solar PV, but very little energy storage. Image: Sungrow

Asian Development Bank partnership prioritises Vietnam BESS rollout, Indonesia coal phaseout

April 18, 2023
Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.
The ACT government posted this picture, described as a 'generic artist impression,' although regular readers might note the similarity of the units' design to those of Fluence's Gridstack and Cube products. Fluence is also working with Eku on its 400MWh project with Shell Energy. Image: ACT Government

Australian Capital Territory awards 500MWh BESS project to Macquarie-backed developer Eku Energy

April 13, 2023
ACT government has partnered with developer Eku Energy to deliver its flagship Big Canberra Battery project.
Key Capture Energy New York

Hunting the ‘missing money’ in New York’s energy storage market

April 4, 2023
New York is often considered among leading US states for energy storage, based on ambition and favourable policy direction rather than action.
Centrica's Roosecote battery energy storage system (BESS) project in England. Image: Centrica.

UK Infrastructure Bank, Centrica to invest up to £265 million in energy storage

April 4, 2023
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.
standalone investment tax credit ITC overbuild augmentation wartsila eolian

Texas: ITC-aided 200MW merchant project comes online, CATL in 5GWh supply deal

March 30, 2023
Texas continues to be a hotbed for energy storage activity, as CATL announces major supply deal and first project to get ITC comes online.
eolian investment tax credit standalone energy storage

US energy storage industry grapples complexity, cost of ITC tax equity transactions

March 28, 2023
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 spac merger listing IPO

California distributed battery storage company Electriq Power in ‘estimated’ US$300 million deal

March 17, 2023
Electriq Power, a US provider of battery storage solutions, has secured a deal that could be worth more than US$300 million.
Amarenco_Infram

IPP Amarenco raises €300 million for solar, energy storage and agrovoltaics pipeline

March 17, 2023
Amarenco has raised €300 million, enabling asset management firm Arjun Infrastructure Partners to acquire a minority stake in the company.
The company said strong market demand for high-quality clean energy generation led to the increase in funding. Image: Origis Energy.

US$750 million credit facility raised for US solar, battery storage by Origis Energy

March 10, 2023
Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

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Return, Alfen and Vattenfall partner on HV transmission-connected 200MWh Dutch BESS

Tesla: Trade tariffs will have ‘outsized impact’ on battery storage business, CFO says

US energy storage industry ready to commit US$100 billion domestic supply chain investment but reforms are needed, ACP says

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‘It’s clearly for pumped hydro’: UK BESS owner-operators turn against LDES cap and floor

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Ontario BESS developers with IESO contracts face local opposition

New York: Battery storage projects face local opposition in Staten Island, Long Island

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