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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.
ingrid capacity sweden karlshamn project battery storage

Sweden’s Ingrid Capacity gets US$100 million investment from shipping group BW’s BESS subsidiary

April 28, 2023
A battery storage subsidiary of maritime company BW Group has committed to investing in Swedish energy storage developer Ingrid Capacity.
energy dome orsted

Long-duration ‘CO2 Battery’ maker Energy Dome closes €40 million Series B

April 27, 2023
Energy Dome, the European startup with a long-duration energy storage system technology based on CO2, has closed its Series B funding round.
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.

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DTEK and Fluence start commissioning 200MW/400MWh Ukraine portfolio

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