President Biden signed the Inflation Reduction Act yesterday, bringing with it measures expected to boost prospects for energy storage.

On.Energy has raised US$100 million in project financing from UK fund SDCL Energy Efficiency Income Trust plc (SEEIT) for its US and Canada energy storage project deployments.

Gravity-based energy storage company Energy Vault will deliver and optimise battery energy storage systems (BESS) totalling 220MWh for developer Jupiter Power in Texas and California.

The first battery energy storage system (BESS) in New York City using Tesla Megapacks, a 12MWh system in the Bronx by NineDot, has been inaugurated.

US battery energy storage system integrator FlexGen has launched a new product for distributed and behind-the-meter applications.

Global battery energy storage system (BESS) integrator Fluence is setting up a new contract manufacturing facility in Utah to serve the US market.

Bank CIT will be the lead arranger of financing for Swell Energy’s pipeline of behind-the-meter commercial energy storage projects in California.

Stem Inc grew revenues 246% in quarter two 2022 and ended the period with a contracted backlog of US$727 million.

Iowa’s energy regulator has approved two projects from NextEra Energy Resources including a 300MWh co-located battery energy storage system (BESS) while utility Alliant has turned on a 5MW unit in the state.

Longroad Energy has secured US$500 million investment to support business model shift from “develop to sale” to ownership of renewables.