UBS Asset Management has secured financing for a 730MW/1,049MWh battery storage portfolio in Texas via two commercial banks.

Utility CPS Energy and IPP Eolian have entered into storage capacity agreements for two battery energy storage system (BESS) projects totalling 350MW of power capacity in the ERCOT, Texas market.

IPP Vitis Energy has acquired a 200MW BESS project in the ERCOT, Texas market from developer Black Mountain Energy Storage (BMES).

Sungrow will provide Spearmint Energy with more than a gigawatt-hour of battery energy storage system (BESS) technology after signing an agreement with the US developer.

The solar PV part of the Stampede project started producing power in June 2024, while the 86MW BESS is currently undergoing final commissioning.

Developer Jupiter Power has begun operating a battery storage project in Houston which CEO Andy Bowman claimed is “the first of its scale” in the Texas, US city.  

IPP Ormat Technologies has signed seven-year tolling agreements with Equilibrium Energy for two BESS projects in the ERCOT, Texas market.

The US industry’s prolific recent run of developers raising significant financing continues with announcements from Aypa Power and Hunt Energy Network.

Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.

Recurrent Energy is seeking a loan from financial institution North American Development Bank (NADBank) to fund the construction of a 100MW/200MWh standalone battery storage facility located in Maverick County, Texas.