Interest rate rises and longer development timelines have driven a fall in the value of early-stage projects in the US clean energy and energy storage market and a flurry of sell-offs, developer-operator Agilitas Energy told Energy-Storage.news.
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.
UK-headquartered developer-investor Zenobē Energy and US recycling specialist Redwood Materials made the biggest VC-funded deals for energy storage companies in the first nine months of 2023.
Hitachi Energy has acquired Spanish power electronics and energy management system manufacturer Eks Energy (EKS) from battery storage system integrator Powin.
A 110MW/440MWh battery storage project in New York has been given the green light by regulators, ahead of the launch of tenders which could create a significant market opportunity in the state.
Energy-Storage.news caught up with Yann Brandt, chief commercial officer (CCO) at FlexGen, the US system integrator with a strong focus on software through its Hybrid OS controls platform.