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.

A 50MW lithium-ion battery storage system which will form part of a transmission system-connected ‘Energy Superhub’ has been commissioned in Oxford, England, while another 100MW transmission-connected project in the country has reached financial close and is set to begin construction soon.

Renewable energy investment group CleanCapital and artificial intelligence-driven energy storage provider Stem Inc have provisionally agreed a financing partnership for US energy storage projects of 30MW or under.

As society moves away from centralised fossil fuel generators to increasing shares of distributed renewable energy resources, the idea that customers’ homes could become host to virtual power plants (VPPs), joining the dots between electricity supply and demand across the grid, has gradually gathered traction. Andy Colthorpe speaks with Suleman Khan CEO of Swell Energy, which has raised nearly half a billion dollars in financing for solar-plus-storage VPPs in 14,000 homes across California, New York and Hawaii.

A US Navy shipyard is getting an upgrade to its microgrid system from Ameresco that guarantees reliability and considerable energy savings over the lifetime of the project.

Swell Energy, a provider of distributed energy storage systems headquartered in Southern California, is seeking to develop four virtual power plants (VPPs) by mid-2023, through aggregating 100MW of solar PV with 200MWh of battery storage capacity at customer sites.

London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million (US$159.86 million) to finance six new energy storage projects.