Developer Plus Power’s recent financing for BESS projects in Arizona and Texas shows it “driving energy storage into the mainstream of capital markets”, executive chairman Brandon Keefe told Energy-Storage.news.
BESS developer and operator Plus Power has completed a US$1.8 billion financing for five projects in Arizona and Texas, including over US$400 million in tax equity and US$700 million for a single standalone project, the largest to-date.
Two trade associations in the US have made significant changes with the aim of advocating for policies supporting the energy storage industry at federal and state-level.
Approval has been granted — with significant conditions attached — for a large-scale standalone battery storage project designed to help the Hawaiian island of Oahu overcome energy reliability and supply concerns as a coal power plant retires.
