Residential energy storage startup Base Power has announced a US$1 billion Series D financing at a US$13 billion post-money valuation, and the launch of its new home battery in production in Austin, Texas, US.
Long-duration energy storage (LDES) development and investment company Frontier Power USA (FPUSA) has exercised its exclusive Selection Right with respect to four BESS projects from clean energy platform Stella Energy Solutions.
In this US news roundup, e-Storage, Spearmint Energy, and OCI Energy advance battery energy storage system (BESS) projects and financing in Michigan and Texas.
The Electric Reliability Council of Texas (ERCOT) has initiated a programme to encourage battery energy storage systems (BESS) and other inverter-based resources to adopt grid-forming technology.
Battery storage developer and operator Spearmint Energy has closed a US$450 million financing to support its 300MW/600MWh Red Egret battery energy storage system (BESS) project.
Long-duration energy storage (LDES) development and investment company Frontier Power USA (FPUSA) has acquired a 480MWh battery energy storage system (BESS) portfolio from developer-operator Bimergen Energy.
In this US news roundup, OCI Energy, MN8 Energy, GridStor, and Grenergy advance battery energy storage system (BESS) projects in Texas, California, Colorado, and Georgia.
Independent power producer (IPP) Sunraycer Renewables has closed a US$901 million project financing facility, supporting three solar-plus-storage projects in Texas, US.
