Genex Power has received credit approvals on a AU$35 million (US$25.26 million) debt finance facility for its 50MW/100MWh Bouldercombe battery energy storage system (BESS) project in Queensland, Australia.
Progress has been made on 1.8GWh of battery energy storage projects in the service areas of California investor-owned utilities (IOUs) San Diego Gas & Electric (SDG&E) and Pacific Gas & Electric (PG&E).
Tesla is ambitious to grow its energy storage business in 2022, after it reported a 32% year-on-year increase in battery storage deployments, executives including CEO Elon Musk have said.
The Victorian Big Battery, a 300MW / 450MWh lithium-ion battery energy storage system (BESS) in Australia, has been officially opened by the Minister for Energy, Environment and Climate Change for the state of Victoria.
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.
Global clean energy group TagEnergy and the UK’s Harmony Energy have announced two grid-scale battery storage projects in England and Scotland to be developed through the pair’s joint venture (JV).
Tesla deployed 1,295MWh of energy storage in the third quarter of 2021 and has recorded a 96% compound annual growth rate (CAGR) in deployments over a four-year period.
Harmony Energy Income Trust (Harmony), a battery storage investment fund operated by UK renewables and energy storage developer Harmony Energy, intends to undertake an initial public offering.
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.
