Energy Vault has entered what it has described as “one of the world’s fastest-growing energy storage markets,” acquiring a portfolio of development projects in Japan.
Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.
Utility and IPP Enel has sold a 49% stake in its subsidiary that will own and operate 1.7GW of battery energy storage system (BESS) projects in Italy, to investor Sosteneo.
Energy storage developer Pacific Green has entered the market in Italy, acquiring a 500MW portfolio of BESS projects from developer Sphera Energy Srl which could have a duration of up to six hours.
Greenbacker Renewable Energy Company and Blackstone-owned Aypa Power have acquired pre-operational battery energy storage system (BESS) developments totalling 110MW of power.
US$100 million in financing has been secured for US community solar, battery storage and hybrid solar-plus-storage projects by developer Nexus Renewables.
