Days before Donald Trump’s presidential inauguration, the US Department of Energy’s (DOE) Loan Programs Office (LPO) has announced US$22.92 billion in loans across eight projects.
Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.
Recurrent Energy is seeking a loan from financial institution North American Development Bank (NADBank) to fund the construction of a 100MW/200MWh standalone battery storage facility located in Maverick County, Texas.
Li-Cycle is exploring “strategic alternatives” after pausing work on its main recycling facility in New York following soaring project costs while industry peer AquaMetals claims to Energy-Storage.news that its facility is 60% cheaper to build.
The West African Development Bank (BOAD) has approved a US$24 million loan for a solar and storage project in Senegal with a 15MW/45MWh battery energy storage system (BESS).
Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.
Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.
Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.
