US energy storage developer Flatiron Energy has closed on approximately US$850 million for its 1,200MWh Energizar energy storage project in Chelsea, Massachusetts, US.
Massachusetts’s Department of Energy Resources (DOER) has completed the evaluation of bids received in response to the Section 83E Storage request for proposals (RFP), selecting projects totalling 1,268MW of energy storage capacity.
Developer Flatiron Energy has increased its US$125 million credit facility with certain funds and accounts managed by HPS Investment Partners, to US$250 million.
Three US battery energy storage system (BESS) developers, GridStor, Flatiron, and Jupiter Power, have advanced BESS projects totalling 1.6GWh across Arizona, Massachusetts, and Michigan.
Flatiron Energy has commenced initial proceedings to construct a 168MW/672MWh BESS at the site of a former coal-fired power plant located in Bristol County, Massachusetts.
