New York, US is leading the country in battery energy storage system (BESS) moratoriums, with 97 moratoriums in place, according to renewables service provider Carina Energy.
In this second part of our interview with Wood Mackenzie energy storage analysts, we look at risk factors and mitigation across the European and US markets.
Energy storage developer NineDot Energy closes US$431 million in construction financing for New York BESS projects. Meanwhile, US energy efficiency and renewables company Ameresco completes multiple tax credit transfer and financing transactions for solar PV and BESS.
On 19 December, a fire occurred at energy storage developer Convergent Energy & Power’s Church Street Battery Storage Facility in Warwick, New York, US.
The board of trustees for New York Power Authority (NYPA) last week gave the greenlight for the public power organisation to develop an additional 1.2GW of storage as part of its renewed Strategic Plan for New Renewable Energy Generation.
In this Energy-Storage.news roundup, Energy Vault enters the Swiss energy storage market, ZincFive raises Series F financing, and Convergent Energy and Power secures a multimillion-dollar facility provided by NY Green Bank.
Energy storage developers are securing significant capital and strategic partnerships, with ESS Inc launching a 50MWh iron flow battery pilot, Energy Vault closing a US$300 million investment, and NineDot obtaining US$175 million in debt financing.
