Two developers, OCI Energy and Nexus Renewable Power have secured financing for battery energy storage system (BESS) projects located in Texas, US.

News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.

San Antonio, Texas utility CPS Energy and developer OCI Energy entered into a long-term storage capacity agreement (SCA) for a 120MW/480MWh battery energy storage system (BESS) 6 December.