Major international finance groups have contributed to a raise of more than half-a-billion US dollars in funding for developer Hecate Energy.

Renewable energy company Arevon has acquired its first project since being spun out from asset management firm Capital Dynamics, a large-scale solar-plus-storage plant in California. 

At the Energy Storage Summit US, a panel of experts discussed the impact of the ITC on the uptake of co-located assets, but also the challenges of operating within its framework.

Hecate Energy and InfraRed Capital Partners have announced a partnership to form a new energy storage company called Hecate Grid, which will develop, build, own and operate utility-scale energy storage projects across North America.

Leading energy storage provider Powin Energy will be building and installing six energy storage projects at two sites in Ontario, Canada with a total capacity of 12.8MW/52.8MWh.