A pension fund will join the EBRD and EU Modernisation Fund in investing around €16 million (US$18.5 million) in a project on Croatia pairing large-scale BESS and a VPP.

Swift Current Energy has secured US$242 million for what the developer claimed will be the biggest BESS project in the PJM service area.

The financial close of two significant large-scale projects in Egypt could mark progress for the country’s nascent energy storage sector.

Enlight Renewable Energy is expanding its Gecama Wind Project in Castilla-La Mancha, Spain, by integrating solar PV and battery energy storage systems (BESS).

Battery energy storage system (BESS) developer Giga Storage has closed financing on a 300MW/1,200MWh project in the Netherlands.

KNESS has secured a €9.6 million (US$10.35 million) loan from Oschadbank for a battery storage project in Ukraine.

Grenergy has raised financing for the fourth phase of a solar-plus-storage project in Chile set to feature 11GWh of battery storage capacity when completed.

An “unbelievable appetite for clean energy” is pushing the developer of Gemini, the US’s largest co-located solar-plus-storage power plant, to pursue opportunities of a similar scale.

The US battery storage market is in a rapid growth phase and becoming increasingly competitive, creating an increasing need for sophisticated technologies and a deeper understanding of markets.

London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects.