LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.

The Electric Reliability Council of Texas (ERCOT) has continued its 2024 energy storage deployment charge after it cleared 650MW worth of battery storage capacity for commercial operation during the month of June, according to the system operator’s monthly generation interconnection status report. 

IPP Enlight Renewable Energy has closed financing for the 1.2GWh BESS portion of its Atrisco solar and storage project in New Mexico, USA.

Jupiter Power has completed and put into commercial operation a BESS project provided by technology firm and system integrator Energy Vault in the ERCOT, Texas market.

The US Department of Energy has issued a loan of up to US$861.3 million to support 200MW solar PV and 285MW/1,140MWh BESS in Puerto Rico.

The CPUC has proposed the procurement of over 10GW of new energy resources, including 1GW of multi-day long-duration energy storage (LDES) and another 1GW of 12-hour-plus LDES.

Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.

In this Q&A, Enel North America CEO Paolo Romanacci discusses the IPP’s operational BESS projects, pipeline and deployments as well as his views on wider US industry challenges.

System integrator Ameresco has completed and put into commercial operation eight battery energy storage system (BESS) projects for utility United Power in Colorado, US.

Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.