In this second part of our interview with Wood Mackenzie energy storage analysts, we look at risk factors and mitigation across the European and US markets.

Virginia’s recently proposed legislation to significantly increase energy storage requirements coincides with unprecedented electricity demand growth in the state, largely driven by data centres.

Duke Energy, Elevate Renewables, and Fluence Energy, along with BrightNight and Cordelio Power, are advancing BESS projects across the BESS.

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

US storage and solar developer-operator Lightshift Energy, along with KeyBanc Capital Markets, have closed a US$75 million credit facility.

Regulated utility Dominion Energy last week received the green light from local officials to develop a 100MW/400MWh BESS in Fauquier County, Virginia. 

Swift Current Energy has secured US$242 million for what the developer claimed will be the biggest BESS project in the PJM service area.

A news roundup focusing on TerraFlow’s recent partnership with Storion, JinkoSolar’s deployment of distributed systems in Massachusetts and a credit facility for Lightshift.

Swift Current Energy has encountered a major stumbling block in developing a standalone BESS in Virginia.

Governor of Virginia, US, Glenn Youngkin, has vetoed legislation aimed at raising energy storage targets in the state.