India’s Ministry of Power has significantly increased the size and scope of its Viability Gap Funding (VGF) scheme to support battery storage projects.
The New South Wales government has revealed that its green bank, the Energy Security Corporation, will invest in short to long-duration energy storage (LDES) projects as part of its first Investment Mandate.
D. E. Shaw Renewable Investments is seeking a loan from the North American Development Bank (NADBank) towards the construction of a 150MW hybrid solar and BESS project in Doña Ana County, New Mexico.
The US Department of Energy (DOE) announced a conditional commitment to IceBrick Energy, for a loan of up to US$305.54 million to finance Project IceBrick, 9 December.
Another edition of our irregular news in brief feature: Eos Energy Enterprises closes a US Department of Energy loan deal, UBS picks an AI-driven asset optimiser and financial close for a solar-plus-storage project at an Arkansas steel rebar plant.
International Electric Power is proposing a long-duration energy storage project on the Marine Corps Base Camp Pendleton, California utilising Eos Energy Enterprises’s zinc cathode battery technology.
A company that makes 3D-printed concrete anchors and foundations for marine energy projects has been awarded US government funding for its subsea pumped hydro energy storage (PHES) technology.
