News in Brief: Tesla’s Powerpack 2 is installed in a utility-scale project for SCE, Texan utility CPS opens EPC bids for a large-scale solar-plus storage project and Eguana and LG Chem expand their storage partnership.
Grid-scale energy storage developer Eos Energy Storage has raised proceeds of US$23 million through the initial closing of a private placement transaction and expects to use the money to increase deployment of its battery storage product.
The power capacity of global installed in front of the meter energy storage is expected to reach 21.6GW in 2025, according to a new report by Navigant Research, with one of the firm’s analysts calling this exponential growth dramatic, but also realistic.
Unsubsidised, commercial solar-plus-storage projects of the type being executed in Puerto Rico could demonstrate how to overcome many of the challenges imminent for the world’s PV markets, according to one company with experience in the field.