Key Capture Energy co-founder Jeff Bishop is set to stand down from his role as CEO once a successor has been selected.

Developers SMT Energy and SUSI Partners have secured a tax equity financing agreement for 100MW of ERCOT, Texas battery storage projects with ‘specialised tax equity’ investor Greenprint Capital.

US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.

Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.

The US saw roughly triple the amount of grid-scale battery storage installed in the second quarter of this year as it did in the preceding quarter, in megawatt terms.

US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.

Independent power producer (IPP) Clearway Energy has closed US$421 million in financing for the 147MW/588MWh four-hour Rosamund Central Battery Energy Storage System (BESS) in Kern County, California.

State-sponsored investment fund NY Green Bank, will lend US$25 million to NineDot Energy, a developer of energy storage systems in New York.

Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.

New transferability and direct pay provisions for clean energy tax credits are a “game changer for renewable energy development” in the US, Shearman & Sterling partner Mona Dajani told Energy-Storage.news.