The business model for battery energy storage systems (BESS) in the US is changing rapidly, according to industry experts who gathered recently to discuss revenue strategies and market conditions.
Utility-scale battery storage developer Jupiter Power’s 700MW/2,800MWh Trimount battery energy storage system (BESS) in Everett, Massachusetts, US, has been approved by state officials.
US battery energy storage system (BESS) developer-operator Jupiter Power has closed a US$500 million senior secured green revolving loan and letter of credit facility to support the advancement of its project pipeline across the US.
Massachusetts’s Department of Energy Resources (DOER) has completed the evaluation of bids received in response to the Section 83E Storage request for proposals (RFP), selecting projects totalling 1,268MW of energy storage capacity.
PJM has awarded 23 battery energy storage system (BESS) resources, totalling 2.2GW, with interconnection agreements (IAs) in its first transition cycle (TC1) of the reformed interconnection process.
Sodium-ion (Na-ion) battery energy storage system (BESS) startup Peak Energy has announced a multi-year phased agreement with developer Jupiter Power to supply up to 4.75GWh of Na-ion BESS.
Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.
Community-owned public power utility Denton Municipal Electric (DME) has signed a power purchase agreement (PPA) with Jupiter Power covering offtake from one of the developer-operator’s standalone BESS projects destined for Robertson County in Texas.
Three US battery energy storage system (BESS) developers, GridStor, Flatiron, and Jupiter Power, have advanced BESS projects totalling 1.6GWh across Arizona, Massachusetts, and Michigan.
A news roundup focusing on FlexGen’s recent partnership with Rosendin, Energy Vault and Jupiter Power’s continued development and assistance from Stem Inc. for rPlus Energies.
