In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.

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.

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.

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

Spanish utility Iberdrola has inaugurated its ‘Tâmega Gigabattery’ in northern Portugal, a renewable energy complex including pumped hydro with an energy storage capacity of 40GWh.

CEO of NHOA has hailed its “unparalleled” performance in the first half of this year, despite industry headwinds.

Prime Infrastructure Capital, owned by Filipino businessman Enrique K Razon, is in line to provide 500MW of pumped hydro power to national utility Meralco.

Mitsubishi Power Americas has selected software and engineering firm Emerson Electric to automate the ACES Delta project in Utah, billed as the world’s biggest green hydrogen project development.

Vanadium redox flow battery company CellCube and power electronics company G&W Electric have launched a microgrid solution for the US market, starting with a project at the latter’s HQ in Illinois, US.

System integrator Powin Energy has raised US$135 million from its existing shareholders Trilantic and Energy Impact Partners and new investor GIC, just weeks after a Samsung subsidiary took a minority stake.