H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone battery storage project in Brazoria County, Texas.

Asset manager MEAG has acquired a 92.5MW/231MWh BESS in Germany, fully merchant-financed, which optimiser Entrix will trade in the electricity market.

Renewable energy developer-operator Arevon has completed a US$258 million financing for the 200MW/400MWh Peregrine battery energy storage system (BESS) in San Diego, California, US.

Developer Boralex and its partner Walpole Island First Nation have announced a CA$172 million (US$119 million) financing for the 80MW/320MWh Tilbury battery energy storage system (BESS).

While parallels are often drawn between the solar and storage industries, financing energy storage projects is a lot more complex than simply “transposing” learnings from solar to batteries.