There is a long way to go before the new standalone storage investment tax credit (ITC) starts to really make a dent in the market, speakers and delegates at the Energy Storage Summit USA last month said.

Texas continues to be a hotbed for energy storage activity, as CATL announces major supply deal and first project to get ITC comes online.

The investment tax credit is an undoubted game changer for the US industry, but it isn’t easy or cheap to capture its benefits.

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

Spanish renewables platform Matrix Renewables has closed financing for construction of its Gaskell 2 and 3 solar-plus-storage projects.

A couple of weeks ago, Energy-Storage.news met with leading figures from the energy storage industry at RE+ 2022.

Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.

Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.

Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.

Residential energy storage system provider Eguana will begin deploying devices to operate as a connected virtual power plant on the Hawaiian island of Oahu.