Developers Emeren and Matrix Renewables, part of private equity firm TPG, intend to launch a development service agreement (DSA) for 1.5GW of battery storage in Italy.

Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.

Renewable Power Capital has tied up with Greenfield to deploy 500MW of battery storage in the UK, shortly after a similar deal with Eelpower.

Developer Pulse Clean Energy has secured a three-year £175 million (US$215 million) credit facility with a number of banks to go towards its pipeline of battery storage projects in the UK.

Battery OEM Rept Battero, part of metals firm Tsingshan Industry, has tied up with Energy Vault a few weeks after it agreed a smaller deal with Powin.

Canadian Solar shipped just 18MWh of energy storage in the first three months of the year, while growing its contracted revenues for the segment to US$1.3 billion.

The massive buildout of battery storage in the ERCOT, Texas market and the risk of market saturation was a huge talking point at Energy Storage Summit USA last month.

Developer Available Power is focusing on the ‘distributed play’ of 9.9MW-or-less battery storage opportunities within the area of grid operator ERCOT in Texas, a senior executive told Energy-Storage.news.

Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significant lower growth in 2023 due to transitioning its utility-scale product.

The US utility-scale battery storage sector achieved its highest-ever annual deployments in 2022, a year in which solar PV and wind underperformed against expectations.