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 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 is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.

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

Lithium electrolyte provider South 8 Technologies has raised US$12 million in Series A financing to commercialise its liquefied gas electrolyte technology.

Genex Power has “secured the final piece” of its project finance package for Bouldercombe Battery Project in Queensland. 

A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said. 

Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.

Solar PV module manufacturer and energy solutions company Q CELLS North America has invested in a portfolio of solar-plus-storage projects developed by Amped Solutions via a grid equity investment.

Verdant Microgrid, a developer of distributed generation projects ranging from 1MW to 20MW largely for commercial and industrial (C&I) sector customers, has secured a US$150 million financing agreement to further its activities.