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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.
uniper green hydrogen energy storage germany EU

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.

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