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thermal energy storage

Thermal energy storage solutions gain traction in Brazil and Australia

August 10, 2022
Australian startup MGA Thermal has bagged around US$1 million in government funding for a 5MWh thermal energy storage project while Israel-based Brenmiller Energy has inaugurated a 1MWh unit in Brazil.
The facility will help Fluence better serve US projects, like this one delivered by its predecessor AES Energy Storage, an arm of the big electronics firm which was eventually spun out into a pure play system integrator. Image: Fluence / AES.

Fluence opening new contract manufacturing facility in Utah to serve US market

August 8, 2022
Global battery energy storage system (BESS) integrator Fluence is setting up a new contract manufacturing facility in Utah to serve the US market.
A Burns & McDonnell BESS project site in Texas. Image: Burns & McDonnell.

US Inflation Reduction Act: Biden looks forward to making biggest-ever climate investment

August 8, 2022
The Inflation Reduction Act took a significant step forward over the weekend as US vice-president Kamala Harris cast a decisive vote.
nidec ASI

Nidec ASI providing EPC for 50MW Northern Ireland BESS project

August 4, 2022
Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, will provide EPC services for a 50MW battery energy storage system (BESS) project in Northern Ireland.
gore street

Gore Street’s UK battery storage asset revenues increase nearly 70% year-on-year

August 3, 2022
Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.
ubs asset management

UBS Asset Management buys 700MW ERCOT BESS portfolio from Black Mountain Energy Storage

August 2, 2022
Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.
Broad Reach Power Texas BESS project in construction, 2020. Image: Broad Reach Power.

Broad Reach Power gets US$160 million financing for battery storage projects

July 29, 2022
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.
uk energy storage

UK ROUNDUP: Canadian Solar sells portfolio, Cambridge Power, Lynher Energy project news

July 28, 2022
Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.
ercot texas cypress creek renewables black mountain

Cypress Creek Renewables buys 600MWh BESS portfolio in Texas

July 26, 2022
Developer Cypress Creek Renewables has acquired four standalone energy storage projects totalling 400MW/600MWh in Texas, US, from Black Mountain Energy Storage (BMES).
malawi dfc

World Bank guarantees US$24m financing for Malawi solar-plus-storage project

July 26, 2022
The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.

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