Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.

The collapse of Silicon Valley Bank has raised questions around the availability of capital for the clean energy sector, having been a major actor in the space to-date including with Sunrun, Leap, AES, Cypress Creek and other developers.

Longroad Energy has achieved financial close on Arizona project which will pair 285MWdc of solar PV with 215MW/860MWh battery storage.

Wells Fargo, MUFG and Silicon Valley Bank have completed US$260 million of construction financing for Leeward Renewable Energy’s Chaparral Springs solar-plus-storage project in California.

News in brief from around the world in Energy Storage.

US$219 million of financing has been secured by developer Plus Power for the 185MW / 565MWh Kapolei Energy Storage (KES) project in O’ahu, Hawaii. 

AutoGrid has raised US$83.5 million in funding to scale up its virtual power plant (VPP) platform for distributed energy resources (DER) and Leap has raised US$33.5 million to scale and develop its DER software solution.

A debt financing deal closed by independent power producer (IPP) sPower for a 100MW / 400MWh battery storage project in California demonstrates that significant project finance investment can be achieved for large-scale battery facilities.

In just the past few days, nearly US$500 million has been committed to downstream activity in the battery energy storage space, with AES Distributed Energy raising US$341 million of debt financing and EsVolta US$140 million of borrowing.