The US-based International Development Corporation (DFC) has provided a US$25 million loan for a solar-plus-storage project in Malawi with a 5MW/10MWh battery energy storage system (BESS).
US solar and storage EPC and O&M company Borrego has entered into a master supply agreement (MSA) with Gotion High-Tech for the latter’s DC block battery energy storage equipment, starting in 2023.
Developer Terra-Gen has closed US$969 million in project financing for the second phase of Edwards Sanborn Solar-plus-Storage facility in California, which will bring it to 3,291MWh of energy storage capacity.
Canadian Solar has launched a utility-scale energy storage product and announced a battery manufacturing capacity target of 10GWh by end-2023, up from 2.5GWh today.
A 200MWh battery energy storage system (BESS) from developer Available Power at a net-zero technology campus in Texas, US, is expected to be online in mid-2024.
Utility and power company AES Corporation has brought the Lancaster Area Battery (LAB), the second portion of a combined 908MWh battery energy storage system (BESS) complex in California, online.
Renewable energy company Arevon has secured a US$400 million loan facility from two banks for its solar and energy storage pipeline in the Midwest, Southeast and California.
High cost and material availability are the main non-technical barriers to energy storage deployment at the scale needed, according to a new report from MIT.
