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Keeping the lights on while decarbonising will require far more energy storage than the EU market is set up to facilitate, the EC said. Image: NASA.

Energy storage to ‘underpin EU’s secure and decarbonised energy system’ through new strategy

March 14, 2023
European Commission (EC) strategy puts energy storage as cornerstone of a decarbonised and secure energy system for the EU.
Tesla Megapacks at an project site. A Tesla representative spoke at the Brussels launch, as did representatives from ESS Inc and Portguese utility EDP. Image: TagEnergy.

UK ROUNDUP: FRV, TagEnergy finance 366MWh, SSE acquires solar sites with co-location potential

January 31, 2023
This edition of news in brief from around the world in energy storage comes from our UK colleagues at Solar Power Portal.
aypa blackstone

Blackstone-owned energy storage developer Aypa Power secures US$320 million credit

January 24, 2023
Aypa Power has secured US$320 million to advance activities including interconnection agreements and customer contracts for a 15GW+ pipeline.
powin energy anthony carroll

Powin supplying 860MWh BESS to Arizona PV-plus-storage plant for developer Longroad

January 19, 2023
Longroad Energy has achieved financial close on Arizona project which will pair 285MWdc of solar PV with 215MW/860MWh battery storage.
M&A activity in the sector has taken a massive leap after three years of steady growth. Source: Mercom Capital Group.

Energy storage sector corporate funding at all-time high in 2022

January 18, 2023
Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.
Alcemi's project could supercede London Gateway, a BESS project with planning approvals in place for up to 900MWh capacity by gas trading company Intergen. Image: InterGen.

Energy-Storage.news’ Guest Blog picks of the year 2022

December 30, 2022
We continue looking back over 2022’s top content on Energy-Storage.news with our pick of the Guest Blogs published in the past 12 months.
scatec's kenhardt south africa scatec efskin co-located solar energy storage

Norwegian state backs Scatec’s 1.1GWh co-located PV-plus-battery projects in South Africa with US$102 million

September 1, 2022
Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.
on.energy seeeit storage

C&I specialist On.Energy secures US$100 million in financing for North America projects

August 16, 2022
On.Energy has raised US$100 million in project financing from UK fund SDCL Energy Efficiency Income Trust plc (SEEIT) for its US and Canada energy storage project deployments.
Broad Reach Power Texas BESS project in construction, 2020. Image: Broad Reach Power.

Broad Reach Power gets US$160 million financing for battery storage projects

July 29, 2022
Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.
wartsila andy tang interview

UK Roundup: 100MWh Wärtsilä project, US$93 million financing for Field, Westbridge gets grid connection

June 30, 2022
News in brief, from another busy week for our colleagues reporting on the UK battery storage market at Solar Power Portal.

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

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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

NYSERDA launches US$775 million funding for residential and retail energy storage

Fire safety: UL Solutions tests thermal runaway to new UL9540A standard, Prevalon and CLOU conduct TS-800 Large-Scale Fire Testing

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