A total of US$17.6 billion was invested in the energy storage industry across 83 announced deals in the first nine months of the year, according to comms and market intelligence firm Mercom.
Dublin-listed compressed air energy storage (CAES) project developer Corre Energy has hired investment bank Rothschild to explore the possibility of private investment in the firm.
The spinout and change in ownership of Mitsubishi Power Americas’ energy storage activities into standalone unit Prevalon will make it as ‘nimble and fast-moving as possible’, its CEO said, while not ‘chasing market share for the sake of market share’.
BESS price falls have pushed many marginal projects in merchant markets into a rate of return needed for investment, US developer Available Power told Energy-Storage.news amidst the sale process for its own 100MW/200MWh ERCOT project.
Utility and IPP Enel has sold a 49% stake in its subsidiary that will own and operate 1.7GW of battery energy storage system (BESS) projects in Italy, to investor Sosteneo.
We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.
US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.
Vanadium producer Largo Inc has appointed financial advisors to undertake a “strategic review” of its downstream energy storage deployment arm Largo Clean Energy.
