US tax equity syndicator Foss & Company has closed a US$58 million partnership flip transaction to finance an energy storage project in Hidalgo County, Texas, developed by GridStor.
Valo, the new joint venture formed as a continuation of Wärtsilä’s energy storage business, is weighing up investing in the US supply chain, including factories.
Recent moves from the US federal government could prove more damaging to US renewable energy deployment than foreign entity of concern (FEOC) compliance requirements, according to legal and industry experts.
Heron Power and NeoVolta have secured significant credit facilities, while Carina Energy has launched a FEOC compliance support practice to help developers navigate increasingly complex regulatory requirements.
Second-life battery energy storage system (BESS) firms B2U, Moment and Rebaba are advancing project operations in Texas, US compliance, and new financing in Europe, respectively.
LG Energy Solution (LG ES) posted a profitable second quarter this year, with investments in battery storage in the US and EV cell production in Europe paying off.
Intertek CEA’s Daniel Finn-Foley and Paul Wormser dive into the new world US energy storage developers are navigating since the introduction of FEOC restrictions.
According to Lazard’s annual benchmarking report, the levelised cost of storage (LCOS) of utility-scale battery energy storage systems (BESS) in the US has risen, reversing declines reported in the 2025 edition.
