Renewable energy developer and operator Apex Clean Energy has completed a US$150 million financing with First Citizens Bank for two ERCOT, Texas battery energy storage system (BESS) projects.
European renewables developer and operator Low Carbon has reached financial close on a solar and storage portfolio in the UK, which includes 95MW of co-located 2-hour battery energy storage systems (BESS).
European lithium-ion battery developer and manufacturer Northvolt has secured a US$5 billion (€4.6 billion) non-recourse project financing package from various EU and Nordic institutions for its manufacturing and recycling plants.
Interest rate rises and longer development timelines have driven a fall in the value of early-stage projects in the US clean energy and energy storage market and a flurry of sell-offs, developer-operator Agilitas Energy told Energy-Storage.news.
San Diego-based solar battery storage company, NeoVolta has partnered with finance platform Mosaic to help homeowners finance domestic energy storage installations.
Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.
US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.
Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.
