Aypa Power has secured a portfolio debt and tax equity financing package totalling US$550 million for two battery energy storage system (BESS) projects in California and Texas.

Amendments to rules for battery storage state-of-charge (SOC) in the ERCOT, Texas, market are ‘an improvement’ to the current ones but will still impact the ability of batteries to provide ancillary services, Gridmatic has said.

Battery storage developer and operator Spearmint Energy has closed a US$92 million tax equity investment into a battery storage project in the ERCOT, Texas market.

Developer Solvent Energy is talking to investment bankers with a view to selling some of a 2GW portfolio of battery energy storage system (BESS) projects in ERCOT, Texas.

BESS developer and operator Plus Power has completed a US$1.8 billion financing for five projects in Arizona and Texas, including over US$400 million in tax equity and US$700 million for a single standalone project, the largest to-date.

Falling cryptocurrency prices have led to a crypto mine developer to propose a battery storage facility in the city of Corpus Christi, Texas.

Developer Hexagon is talking to investment bankers with a view to selling a portfolio of battery storage projects in the ERCOT, Texas market, totalling 2GW.

With leading US energy storage markets on a phenomenal growth trajectory, the role of BESS has been highlighted by recent heatwaves.

The North American arm of Italy-based energy firm Enel has secured a PPA with a Boston Properties (BXP) for part of a solar-plus-storage project in the ERCOT, Texas market, which has a 104MW BESS.