California-headquartered developer esVolta has closed an expanded corporate credit facility providing up to US$450 million of capital to expand new utility-scale energy storage projects in the US.
Luigi Resta, president of rPlus Energies, discusses the developer’s efforts to be first past the post in building new pumped hydro energy storage projects in the US with ESN Premium.
The US’ cumulative battery storage installations reached 14.689GW at the end of Q3 2023, with Texas’ ERCOT market contributing 40% of new additions during the quarter.
