Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.
A seven-year observation of a vanadium flow battery in California from Sumitomo Electric has been completed, while US lab PNNL has found an alternative, food-based electrolyte which it said boosted capacity and longevity.
Lithium-ion battery and energy storage system (ESS) manufacturer Microvast has announced plans to set up an ESS manufacturing plant in Colorado, US, which will be operational this year.
New transferability and direct pay provisions for clean energy tax credits are a “game changer for renewable energy development” in the US, Shearman & Sterling partner Mona Dajani told Energy-Storage.news.
California utility SDG&E has commissioned two projects totalling 171MW of battery storage, while system integrator Ameresco has secured contracts to deliver 379MWh for at four gas plants in the state.
Hydrostor “remains fully committed” to its 4GWh advanced compressed air energy storage (A-CAES) project in California, its president told Energy-Storage.news as it considers alternative locations and delivery dates.
Cost disclosure requirements needed in order to qualify for IRA’s investment tax credit (ITC) domestic content adder could prove problematic for ESS providers, sources told Energy-Storage.news.
Swedish wind power pioneer Eolus has made a final investment decision (FID) on a battery storage project in California, its third in the US, with a targeted commercial operation in 2024.
