Canadian Solar has launched a utility-scale energy storage product and announced a battery manufacturing capacity target of 10GWh by end-2023, up from 2.5GWh today.

Renewable energy company Arevon has secured a US$400 million loan facility from two banks for its solar and energy storage pipeline in the Midwest, Southeast and California.

Canadian Solar’s manufacturing subsidiary CSI Solar’s battery storage shipments exceeded the 1GWh mark in the first half of 2022.

Zinc-based battery energy storage system provider Eos Energy Enterprises has secured a US$85 million loan facility with Atlas Credit Partners (ACP).

Borrego has completed the spin off and sale of its development business to energy transition investor ECP for an undisclosed amount.

Recently-formed company Proteus Power plans to develop and build over 3GW of solar, wind and battery energy storage projects in North America.

Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

Joint development agreement has been signed by Macquarie’s Green Investment Group and Bluestone Energy for up to 2GW of UK battery storage.

Canadian Solar has said its project development arm has a pipeline of more than 27GWh of battery storage projects.