US utility Xcel Energy plans to build the Midwest’s largest battery energy system (BESS) facility at the Sherco Energy Hub in central Minnesota, US.

Developer Flatiron Energy has increased its US$125 million credit facility with certain funds and accounts managed by HPS Investment Partners, to US$250 million.

Two investor-owned utilities (IOUs) are seeking regulatory approval to acquire an under-development solar and storage project located in Waushara County, Wisconsin. 

Hecate Energy has cancelled its 650MW Swiftsure battery energy storage system (BESS) in Staten Island, New York.

Eos announced its move to Pennsylvania, US, as well as agreements for energy storage projects with Talen Energy and MN8 Energy.

Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.

Redwood Materials has closed a US$350 million Series E funding round to scale up its critical battery materials and energy storage businesses.

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

Calibrant Energy will deliver a 31MW/62MWh battery energy storage system (BESS) at Aligned Data Centres’ campus in the Pacific Northwest area of the US.

It has become harder to finance BESS projects in the US, according to Ronak Maheshwari, a director at CRC-IB.