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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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Uniper bags €3m EU grant for large-scale hydrogen storage pilot in Germany

July 26, 2022
E.ON spinout Uniper Energy Storage has received €2.75 million in EU grant funding towards a project to store hydrogen at scale in a salt cavern in Northern Germany.
Major BESS projects internationally, including the Victorian Big Battery in Australia (pictured) and Zenobe's upcoming project in Scotland are providing inertia via their inverters. Image: Victoria State government.

Australian Capital Territory government ‘invests’ in 250MW battery project

July 25, 2022
The state government of the Australian Capital Territory (ACT) will pledge funding towards a BESS rollout.
caiso bess battery storage california iso summer wildfire

Slowdown in BESS deployments on CAISO grid in lead-up to peak summer season

July 22, 2022
Battery storage deployments on the California ISO (CAISO) grid slowed in the lead-up to the peak summer season, with no new battery energy storage connected in May and only 65MW added in June.
Image: esVolta.

Generate Capital enters front-of-the-meter energy storage market with developer acquisition

July 22, 2022
Generate Capital has acquired US large-scale battery storage developer esVolta.
pge group poland battery storage bess

State-owned power company to build 800MWh BESS in Poland

July 21, 2022
State-owned power company PGE Group has obtained regulatory approval to build a 200MW/820MWh battery energy storage system (BESS) in Poland.
Venture capital funding into energy storage has decreased while debt and public financing become increasingly prevalent. Image: Solar Media from Mercom Capital data.

Mercom: Energy storage corporate funding for first half of 2022 nearly equals 2021 total

July 21, 2022
In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.
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Blackstone’s Aypa Power secures US$88m loan for 173MWh BESS in Texas

July 20, 2022
Blackstone portfolio company Aypa Power has closed an US$88 million construction and term loan facility for Wolf Tank, a 173MWh standalone energy storage project in Texas.
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Scatec begins construction on 1.1GW co-located energy storage projects in South Africa

July 20, 2022
Renewable energy power producers Scatec has started building three co-located solar projects with 1.1 GW hours of energy storage in South Africa, after achieving financial close.
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Energy trader Vitol leads US$100 million funding round for BESS system integrator FlexGen

July 20, 2022
US energy storage system integration services and software company FlexGen has raised US$100 million in a Series C funding round.

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Zinc battery storage player Eos Energy receives US$22.7 million from US DOE loan

PowerChina begins construction of ‘world’s largest generation-side’ battery storage project

Recurrent Energy’s 1,200MWh Arizona BESS reaches commercial operation

US renewables and battery storage developers Avantus, Arevon, and Clearway secure financing

US ROUNDUP: TerraFlow-Storion flow battery partnership, JinkoSolar’s distributed Massachusetts systems, Lightshift secures US$40 million

US energy storage to ‘retain momentum’ post-reconciliation bill, near-term rush to complete projects

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