The opportunities for energy storage in the US continue to grow and grow, but moving away from contracted revenue structures to merchant risk projects will be a challenge, especially for lenders. 

US utility company Georgia Power has approval from regulator Georgia Public Service Commission (PCS) for the first project in its 80MW portfolio of ‘build, own, operate’ standalone battery energy storage systems (BESS). 

This edition of news in brief in energy storage comes from a busy week in the UK.

After winning a competitive selection process, Tesla will supply 40 of its Megapack utility-scale battery energy storage systems (BESS) to a project by Australian renewable energy developer Genex Power.

US renewable energy company Arevon has signed a master supply agreement for 2GW / 6GWh of Tesla’s Megapack battery energy storage systems (BESS).

London Stock Exchange-listed solar PV investor NextEnergy Solar Fund (NESF) has signed a £100 million (US$136.8 million) Joint Venture Partnership (JVP) with battery storage specialist Eelpower.

Dominion Energy Virginia has proposed 15 new energy projects and 32 third-party power purchase agreements (PPAs), totalling 1GW of power.

Vistra Energy has welcomed the enactment of clean energy policies in Illinois which the power generation company said will support 300MW of solar and 150MW of battery storage to be built at nine of its coal plant sites. 

Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California. 

Preliminary assessment has begun into a battery module overheating incident which occurred over the weekend at the world’s biggest battery energy storage system (BESS) project, Moss Landing Energy Storage Facility.