Developer Spearmint Energy has acquired a portfolio of battery energy storage system (BESS) projects totalling 900MW in the ERCOT, Texas market, set to come online in 2025.
The first phase of a residential battery storage program in the US state of New Hampshire has met all its conditions and saved the utility “more than expected” after an initial 100 units were deployed.
The US is now taking the stance on climate change its European counterparts have been demanding for years, the Department of Energy’s Jigar Shah told Energy-Storage.news in a wide-ranging interview.
Connecticut utilities Eversource, and UI and a quasi-state bank have together launched the next 100MW tranche of a programme aimed at incentivising 580MW of customer-sited energy storage projects.
The Senate of New Mexico has passed a bill, which will require investor-owned utilities to have 2GW/7GWh of energy storage online by 2034, the second such move by a US state this week.
The collapse of Silicon Valley Bank has raised questions around the availability of capital for the clean energy sector, having been a major actor in the space to-date including with Sunrun, Leap, AES, Cypress Creek and other developers.
Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.
The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.
