“Extensive works” to house two 125MW turbines have begun at Australia’s first new pumped hydro energy storage (PHES) plant in nearly 40 years, developer Genex Power has said.
London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.
Gore Street Energy Storage Fund has acquired a 57MW project while Pacific Green Technologies has closed debt financing on the first project in a 1.1GW pipeline in the UK.
Gresham House Energy Storage Fund (GRID) is on track to own more than 1.2GW of operational battery energy storage systems after securing a deal to acquire 425MW of projects from Gresham House Devco and expanding its exclusive pipeline by a further 427MW.
Funding secured from its main shareholder group will help vertically-integrated energy storage company Leclanché push forward activities in its stationary storage business, CEO Anil Srivastava has said.
Australian zinc-bromine flow battery manufacturer Redflow will install 2MWh of its battery storage systems at a waste-to-energy facility in California.
Battery storage portfolio investor Gresham House Energy Storage Fund has acquired 55MW of UK projects in the past few weeks and completed a 10MW extension to an existing project.
