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.
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.
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.
The CEOs of Fluence, Gore Street, Gresham House and six others have penned an open letter calling on policy makers in Europe to set adequate targets and policy frameworks for the deployment of energy storage.
