South Carolina public utility company Santee Cooper has applied for a Certificate of Environmental Compatibility and Public Convenience and Neccessity (CECPCN) with the state’s public service commission (PSC), for its 300MW/1,200MWh battery energy storage system (BESS).
In the rapidly evolving US energy storage sector, companies must navigate a complex web of policy changes, supply chain challenges, and evolving customer needs.
From the US, Maxwell Technologies is acquired for its third time, by Clarios, Fullmark Energy completes a tax credit transfer, and OATI partners with Colville Tribes on microgrid solutions.
Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
Energy storage escaped much of the pain inflicted on solar in recent legislative changes in the US, but foreign entity restrictions may create some supply chain challenges, writes April Bonner.
