Battery Storage
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Blackstone-owned energy storage business Aypa Power has closed its $650 million pre-notice to proceed development facility, PFR has learned.
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Power transition and infrastructure-focused real assets investment firm, Elda River Capital Management, has joined battery storage developer Spearmint Energy’s $200 million credit facility.
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Generac Power Systems has been awarded a grant of up to $200 million from the US Department of Energy for residential solar and battery storage systems in Puerto Rico.
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Utility-scale energy storage developer GridStor has closed its acquisition of the Galveston, Texas-based Evelyn Battery Energy Storage project from Balanced Rock Power, PFR has learned.
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New York City-based battery storage developer NineDot Energy has inked an additional $25 million revolving credit facility from NY Green Bank.
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Intersect Power has closed 2 project financings totalling $837 million for 3 standalone battery energy storage systems (BESS) in Texas.
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Peak Energy, a US-based energy storage company, has secured $55 million to launch production of its sodium-ion battery technology.
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Italy-based Redelfi and Elio Energy Group, a North American utility-scale renewable developer, have launched a joint venture to develop 2.4GW of battery storage projects in the US.
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For more than 7 months the government of Alberta paused the approval of new renewable energy projects causing a multi-gigawatt logjam with upwards of $25 billion of investment sat idle.
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Leeward Renewable Energy has closed a $1.25 billion construction warehouse facility to develop a 1GW portfolio of wind, solar and battery storage projects.
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Strata Clean Energy has inked a 20-year tolling agreement with Arizona Public Service (APS) for the Justice Energy Storage project in Phoenix, Arizona.
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Onyx Renewable Partners has upsized its 3-year revolving credit facility, led by Investec, to $100 million to support its portfolio of solar projects across the US.
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The Department of Energy has provided ENTEK Lithium Separators with a $1.2 billion conditional commitment loan for its EV battery factory in Terra Haute, Indiana.
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Chile’s Ministry of National Assets has awarded public lands to 6 battery energy storage system projects totalling more than 11GWh of capacity.
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Ontario-based renewables developer Compass Greenfield Development has closed a CA$49.5 million ($36.29 million) non-recourse project financing for battery storage projects from Selkirk Advisory Group.
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Korean EV battery manufacturer SK On has signed a joint development agreement (JDA) with Sakuu, a Silicon Valley-based utility-scale battery provider.
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Ameresco is to build a battery energy storage system (BESS) with a 20-year guaranteed capacity of 25MW and 100MWh for the Snohomish County Public Utility District.
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The Department of Energy will offer up to $100 million to fund pilot-scale long-duration energy storage (LDES) projects using non-lithium technologies.
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Battery storage development company Lightshift Energy will transfer a 50% interest in a 3MW Massachusetts energy storage system to Greenbacker Capital Management (GCM), PFR has learned.
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The Governor of Rhode Island, Daniel McKee, has signed an energy storage act into law, as the state aims to develop 600MW of utility-scale energy storage by 2033.
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Gore Street Capital will transfer ownership of its 400MWh California-sited BESS site to Imperial Irrigation District (IID).
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Salt River Project (SRP) has issued a request for proposals for long duration energy storage with a capacity of 5MW to 50MW and a duration of 10 hours in Arizona.
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Mitsubishi Heavy Industries and Export Development Canada are some of the latest investors in a $31 million Series A2 financing for energy storage company e-Zinc.
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Belltown Power has put an 850MW battery energy storage (BESS) portfolio in Texas up for sale.
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Cerberus Capital Management has invested $315.5 million in Eos Energy Enterprises, a manufacturer of zinc-based long duration energy storage systems.
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Jupiter Power's partnership with local power provider Consumers Energy is to acquire 100MW of battery energy storage in Coldwater, Michigan.
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Philadelphia-based Doral Renewables has secured a $400 million minority equity investment from Netherlands pension APG, a subsidiary of ABP.
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Recurrent Energy has secured $513 million in project financing for its 1,200MWh Papago Storage project located in Maricopa County, Arizona.
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Hecate Grid, a joint venture between an InfraRed Capital Partners managed fund and Hecate Energy, has closed a 4-year $125 million Letter of Credit with MUFG.
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Blackstone-owned energy storage business Aypa Power is set to close a $650 million pre-Notice to Proceed development facility, PFR has learned.
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American Electric Power (AEP) has begun seeking Federal Energy Regulatory Commission (FERC) approval on its $315 million sale of distributed energy business AEP OnSite Partners to funds managed by Basalt Infrastructure Partners (BIP).
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Plus Power has closed a $133 million financing led by First Citizens Bank and NordLB for its 150MW/300MWh Cranberry Point Energy Storage project in Massachusetts.
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DTE Energy is planning to convert a portion of its retired Trenton Channel coal power plant in Michigan to a 220MW/800MWh battery energy storage system.
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Redeux Energy Partners is to sell a 450MWdc solar portfolio to Pine Gate Renewables.
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Entergy and NextEra Energy Resources have partnered to develop up to 4.5GW of solar and storage projects over the next 5 years.
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Lotus Infrastructure Partner has closed its acquisition of PNE USA, with the developer rebranded as Allium Renewable Energy.
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Black Mountain Energy Storage has put up a late stage 1070MW/2140MWh battery energy storage system (BESS) portfolio up for sale.
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Leeward Renewable Energy (LRE) has signed a 15-year resource adequacy agreement with Pacific Gas & Electric Company for its 112.5MW Sierra Pinta Energy Storage Project in Arizona.
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BlackRock has closed its $500 million preferred equity investment in Canadian Solar subsidiary, Recurrent Energy, which represents a 20% stake in the solar and energy storage developer.
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The Minnesota Public Utilities Commission (MPUC) has approved Otter Tail Power's long-term electric generation and investment plan after the utility agreed to exit the Coyote Station coal plant by 2031.
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DLL, the Rabobank-owned asset finance company for equipment and technology, has partnered with Sunstone Credit to provide a loan platform for solar and battery storage assets.
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The New Mexico Public Regulation Commission (NMPRC) has approved PNM Resource's application to integrate 410MW of new solar and energy storage by 2026.
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Distributed solar and battery development growth platform Apricus Generation has agreed to acquire a controlling interest in Toronto-based Nexus Renewables.
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US energy storage solutions provider Torus has been contracted to provide Gardner Group with nearly 26MWh of energy storage capacity across part of the group’s commercial real estate assets.
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ArcLight Capital Partners and battery storage developer Elevate Renewables are set to develop a 15MW/60MWh distributed generation-sized battery storage project in Staten Island, New York.
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Energy storage company Peak Energy will see its co-founder Liam O'Connor take on the chief operating officer (COO) role.
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QCells' residential solar financing platform EnFin has completed its first asset-backed securities (ABS) transaction totaling $252.86 million.
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Advantage Capital has hired Steven Lichtin as chief executive and managing director of Advantage Capital Renewables.
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Global renewables business RWE Clean Energy has acquired a 599MW portfolio from Galehead Development.
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Battery storage provider Powin has hired Kirk Fleischhauer as its chief operating officer.
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The US has raised tariffs on a host of imported goods from China, including solar panels, batteries and EVs.
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Clenera has entered into a sale-leaseback agreement for its 300MW Aristco battery energy project with the City of Rio Rancho, New Mexico, PFR has learned.
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Ontario Independent Electricity System Operator (IESO) has awarded offtake contracts to 13 battery storage, natural gas, and biogas projects, totalling 2.19GW — the capacity needed to power Toronto.
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Carey International Group (CIG) has hired Christopher Kane as its chief investment officer as the company grows its US renewables and real estate portfolio.
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Former Ørsted executives have merged their independent development companies, Cold Water Renewables and Greenbelt Renewable Energy, to create a utility-scale wind, solar, and storage company.
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Eaton has partnered with Endurant Energy to develop 10 battery storage projects in New York City, totalling 150MWh and an estimated $7 million investment.
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Santiago-based renewable developer Biwo Renovables is adding a duo of standalone battery energy storage system (BESS) projects to its development pipeline in Chile.
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Brookfield portfolio company Scout Clean Energy has closed a $100 million equipment supply loan with Rabobank for its pipeline 2.2GW of late stage of wind, solar, and energy storage projects.
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Lightshift Energy is set to build up to 50MW of battery storage projects for the Massachusetts Municipal Wholesale Electric Company (MMWEC) grid in a first-of-its-kind program.
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Plus Power has closed a $82 million tax equity investment with Morgan Stanley for its 90MW/360MWh Superstition Energy Storage project in Arizona.
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Pine Gate Renewables has closed a $650 million investment round led by Generate Capital, the Healthcare of Ontario Pension Plan (HOOPP), and HESTA.
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Axium Infrastructure’s Coachella subsidiary will sell its 49% interest in Morongo Transmission to the Morongo Band of Mission Indians.
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Central Coast Community Energy (3CE), a California community choice aggregator, has issued a request for proposals (RFP) for clean energy and storage power purchase agreements (PPAs).
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The Department of Energy (DOE) has awarded $1.93 billion in qualifying advanced energy project tax credit allocations – known as 48C tax credits – to 35 projects focused on renewable manufacturing and greenhouse gas emission reduction.
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US-based firm Bernhard has entered a 30-year energy-as-a-service (EaaS) partnership with Hackensack Meridian Health (HMH), resulting in a $134 million solar energy and battery storage system.
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Minority stake sales in renewables platforms are becoming more common as sellers look to “recycle capital’, according to Ammad Faisal, senior managing director, Marathon Capital.
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Infinigen Renewables is partnering with FlexGen on a battery storage project in the Yabucoa municipality in Puerto Rico.
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The technology venture arm of US-based oil & gas producer Chevron has launched a third fund with $500 million in capital.
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Arevon Energy has inked a long-term tolling agreement with electricity provider MCE for its 250MW Cormorant Energy Storage Project in Daly City, California.
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Battery storage developer Spearmint Energy has hired four senior executives to its project finance, capital markets, regulatory affairs, and commercial operations teams.
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SolaREIT has closed $13 million in real estate financings for several NineDot Energy battery energy storage (BESS) projects in New York City.
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Vinci Group has acquired a minority stake in NatPower SA, a renewable energy developer which operates in Italy, the UK, and the US, in a deal valued at €50 million ($53m).
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Engie Chile, a subsidiary of the French electric utility Engie, will install a standalone battery energy storage system (BESS) to replace the disconnected coal-fired and fuel oil-based units at the Tocopilla thermal power plant complex (CTT) in Antofagasta.
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Renewable energy infrastructure fund manager Excelsior Energy Capital has launched Lydian Energy, an independent power producer (IPP) specialising in the development, construction, and operation of utility-scale solar and battery energy storage projects in North America.
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Utility-scale energy storage developer esVolta has secured a $185 million senior secured credit facility from a consortium of banks led by Nomura Securities International.
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Canadian Solar subsidiary Recurrent Energy has secured a €110 million ($120m) multi-currency facility from a consortium of banks led by Investec to support its solar and storage project pipeline in Canada, the US, and abroad.
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Mitsubishi Power Americas-owned battery business Prevalon Energy has agreed to develop a 328MWh battery energy storage system (BESS) signed to a long-term service agreement with Idaho Power.
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Solar and storage developer MN8 has closed a private placement at $325 million from Mercuria Energy Group and Ridgewood Infrastructure to grow its US pipeline of solar, storage, and electric vehicle (EV) charging projects.
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Utility-scale battery storage developer Lightshift has received $100 million in investments from 2 of Greenbacker Capital Management's sustainability and infrastructure-focused investment vehicles.
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Natixis Corporate & Investment Banking has closed a $900 million letter of credit with Invenergy to fund its project development pipeline of utility-scale wind and solar projects, as well as battery storage systems.
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Atlas Renewable Energy signs a power purchase agreement (PPA) for a battery energy storage system (BESS) the company operates in Chile.
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UAE state-owned developer Masdar is set to acquire a 50% stake in US-based independent renewable energy power producer Terra-Gen Power from Energy Capital Partners (ECP).
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Renewables developer Arevon Energy has entered into a 15-year energy storage service agreement with local utility San Diego Community Power (SDPC) for its Avocet Energy Storage Project.
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Fiera Infrastructure Private Debt has joined Nomura Securities in a $200 million financing for Spanish developer Greenalia's 3GW wind and solar project pipeline in the US.
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Longroad Energy has closed a debt facility with a consortium of banks led by CIBC and a tax equity loan from Athene Annuity and Life Insurance Company for its 444MW/855MWh Serrano solar project in Arizona. PFR understands the value of the financing to be $650 million.
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Microgrid and microturbine manufacturer Capstone Green Energy Holdings has hired Vince Canino as its president and chief executive.
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Renewable real estate investment fund SolaREIT has hired 3 senior vice presidents to its corporate and business development teams amid company expansion.
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EnCap Energy Transition Fund (ETF) has launched Bildmore, a platform company that invests in minority tax equity stakes in solar, battery storage, and energy transmission projects.
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Renewables developer NextEra Resources is selling its Dunns Bridge II Solar and Storage project to a joint venture managed by utility the North Indiana Public Service Company (NIPSCO) and an unnamed tax equity investor, PFR has learned.
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The former co-founder and chief financial officer of OKRA Finance has been appointed as the head of transactions and finance at renewable energy tax credit marketplace Reunion.
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Utility-scale battery developer GridStor has acquired a 450MW/900MWh battery energy storage system (BESS) project in Galveston, Texas, from Balanced Rock Power.
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Utility-scale solar and energy storage development company Redeux Energy Partners is seeking investors to buy a minority stake as a corporate-level equity capital raise, PFR has learned.
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Battery developer GridStor has closed a tax credit transfer sale with JP Morgan for its 60MW/160MWh Goleta Project, which consists of 44 battery energy storage systems in Santa Barbara, California.
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Renewable real estate investment fund SolaREIT has secured an additional $30 million in revolving credit from Atlantic Union Bank.
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The Department of Energy (DOE) has conditionally awarded $366 million to 17 projects that aim to improve the transmission and electrical distribution of power in rural and remote areas across the US.
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EDF Renewables North America has inked a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to receive 125MW of EDF's 300MW Bonanza solar and storage project in Nevada.
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Mitsubishi Power Americas' battery energy storage systems (BESS) division has been spun into a standalone business — Prevalon Energy.
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Arevon Energy has secured more than $1 billion in financing commitments for its Eland 2 solar-plus-storage project in Kern County, California.
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Strata Clean Energy has secured $559 million for its 255MW/1,020MWh Scatter Wash energy storage project in Arizona.
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EnerSmart is to sell a pair of 3MW battery energy storage system (BESS) facilities sited in Chula Vista, California to renewables investment firm Kendall Sustainable Infrastructure (KSI), PFR has found.
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Battery manufacturer Ascend Elements has raised $162 million in equity investments from Just Climate, Clearvision Ventures, and IRONGREY.
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A subsidiary of the Spain-based renewables developer Greenalia has closed $200 million in 3-year credit facilities to support its US solar and wind project pipeline.
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Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas.
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Blackstone is looking for buyers for a stake in its portfolio company Aypa Power. PFR understands Blackstone is looking to sell a minority stake and is in talks with multiple potential buyers.
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Diversified clean energy company, CleanCapital, and investment-grade battery energy storage systems developer, Available Power, have entered a joint venture to build a pipeline of US-based distributed energy storage projects.
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Independent power producer (IPP) Urban Grid has hired Eivind Osterhus as chief financial officer and Erica Engle as chief commercial officer.
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Arevon Energy, the renewable energy developer, owner, and operator, has reached financial close for the 200MW/800MWh Condor Energy Storage Project.
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Foss & Company has penned a $118.5 million tax equity investment in the Longbow BESS project, a battery energy storage system (BESS) located in Brazoria County, TX.
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold a portfolio of nearly 400MW storage projects to UBS Asset Management.
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Developer and grid-scale energy storage operator Jupiter Power has hired former Invenergy executive Jesse Campbell as its chief financial officer (CFO).
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Battery energy storage system (BESS) developer, owner and operator SMT Energy has sold nearly 400MWs of storage projects to UBS Asset Management.
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Battery-focused renewable energy company Spearmint Energy has closed a $47.5 million project finance term loan from global financial services provider Manulife.
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Renewables company BrightNight has made 2 senior-level appointments to its asset management and construction teams.
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Independent power producer and asset manager Greenbacker has continued to add to its leadership team with appointment of Christopher Smith as chief financial officer and Carl Weatherley-White as head of capital markets.
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Nuveen has teamed up with Aiga Capital Partners on its $200 million term loan to battery energy storage system (BESS) developer Spearmint Energy.
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Tokyo Gas subsidiary Tokyo Gas America has closed on its $216 million acquisition of the Longbow battery energy storage (BESS) project from Clean Capital Partners.
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Utility-scale developer RedWind Renewables has sold 2 250MW solar PV and BESS projects to global renewable energy business Greenvolt Power.
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Renewables developer Swift Current Energy has upsized its $225 million revolving credit facility to $312.5 million to fund its US project pipeline.
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Commercial energy developer Green Lantern Solar has named Dave Carpenter as vice president of development.
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Solar real estate investment fund SolaREIT has launched a battery energy storage systems (BESS) lending platform, to be led by recently hired senior vice president of business development, Nicole Wolf.
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RWE Clean Energy has promoted Andrew Flanagan, the company's former chief development officer, to chief executive.
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Apex Clean Energy and Korean energy company SK Gas and its green energy development business SK D&D are partnering up to own US-based energy storage facilities.
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Macquarie-backed Galehead Development has hired Dru Steubing, the former vice president of development at Apex Energy, as chief development officer.
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Green data center developer Digital Power Optimization (DPO) has closed a power purchase agreement (PPA) with an unnamed multinational renewables developer with over 150MW wind farms in Texas.
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Xcel Energy has commenced construction on its two initial phases of the 460MW Sherco Solar project, with an additional 250MW co-sited solar array is pending permit approval, as it replaces a coal-fired plant in Minnesota.
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The energy finance team at First Citizens Bank and Jupiter Power have closed $65.2 million in financing for the energy storage developer's 200MW/400MWh battery energy storage system in Houston, Texas.
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Greenbacker has closed a $92 million financing agreement with BMO Financial Group to construct its largest standalone BESS project — 120MWh Holtville BESS — and various community solar developments.
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US technology giant META has entered into a 20-year power purchase agreement (PPA) with Ørsted’s 300MW Eleven Mile Solar Center in Pinal County, Arizona.
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Battery storage developer Key Capture Energy (KCE) has hired former EDP Renewables executive Brian Hayes the company’s chief executive, effective January 8, 2024.
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EV charger manufacturing company DG Matrix has finalized a multi-year partnership with sodium-ion battery producer Natron Energy to accelerate the deployment of charging infrastructure.
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Swiss asset manager SUSI Partners is expanding its partnership with developer SMT energy by doubling its Texas battery energy storage (BESS) portfolio to 200MW from 100MW, adding 10 new projects.
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BW Solar has sold two battery energy storage (BESS) projects with a combined capacity of 525MW to renewable energy storage company Spearmint Energy.
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US-based lithium-ion battery developer and energy storage systems manufacturer KORE Power (KORE), has named industry veteran Michael Canada as its chief operating officer.
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Utility-scale energy storage developer Malta has closed a funding round with investors from Siemens Energy Ventures and Alfa Laval, as well as existing shareholders, to grow its long-duration solar production and development.
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German-based energy giant RWE will continue its €55 billion ($60.2 billion) Growing Green initiative – investing in renewable energy, batteries, flexible generation and hydrogen – with an estimated €20 billion ($21.9 billion) to be allocated to future US investments by 2030.
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Ameresco is to build a 50MW/200MWh battery energy storage system (BESS) for CAISO utility Silicon Valley Power (SVP) in Santa Clara, California.
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Copenhagen Infrastructure Partners (CIP) has launched a platform for the development and realization of renewable projects in Canada, Horizon New Energy, as part of the firm's expansion into the Canadian market.
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International construction, mining and industrial heavy equipment manufacturer Komatsu has agreed to acquire US-based lithium-ion battery developer American Battery Solutions (ABS).
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GE Vernova and Michigan-based energy storage company Our Next Energy (ONE) have signed an agreement to collaborate on US-based solar and storage projects.
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Gridmatic has reached the second closing of its first energy storage fund, increasing committed capital to a total of $50 million.
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The Department of Energy (DOE) has ringfenced $3.5 billion from the Bipartisan Infrastructure Law to boost domestic production of advanced batteries and battery materials.
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Community solar and battery project developer PureSky Energy has closed a 3-year $150 million revolving credit facility with Nomura to fund its interconnection projects and grow its acquisition pipeline.
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Durham, North Carolina-based Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to develop its 17GW pipeline of solar and storage projects.
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Blackstone portfolio company Aypa Power has finalized a $350 million financing facility and $200 million tax equity financing for its Borden and Cald Projects, a 150MW/300MWh battery energy storage facility (BESS) in Texas and a 100Mw/400MWh BESS in California, respectively.
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Canadian Solar’s battery storage unit, e-Storage has been awarded a supply and integration (S&I) contract for 1GWhdc of energy storage solutions with Arizona-based companies DEPCOM Power and Tuscon Electric Power (TEP).
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Battery storage system manufacturer CMBlu Energy has secured $106.7 million in financing from STRABAG, the Austrian construction and infrastructure technology group.
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Duke Energy has closed the sale of its unregulated utility-scale commercial renewables business to energy giant Brookfield Renewable, rebranding the sold company as Deriva Energy.
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The energy finance group at First Citizens Bank has closed a $60 million financing for Gore Street Energy Storage Fund, a UK-based fund investing in utility and scaled projects, a 200MW/400MWh battery storage project in Imperial County, California. The project, Big Rock, is Gore Energy's first development in California.
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Spearmint Energy has reached financial close on a $92 million tax equity investment for its 150MW battery energy storage system (BESS), Revolution, from climate-focused investment firm Greenprint Capital Management.
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Plus Power has completed a $1.8 billion financing for its standalone battery storage pipeline to help stabilize the grid alongside new wind and solar projects. Using data-driven metrics, the BESS developer is investing the funds into five battery projects near metropolitan areas in the Southwest.
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Urban battery storage developer NineDot Energy has inked an energy credit subscription agreement with coffee giant Starbucks.
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Investment firm Northleaf Capital Partners has acquired a controlling stake in EVPassport, an electric vehicle (EV) charging platform.
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Origis Energy has started construction on the first of three projects in Mississippi with a total capacity of 550MW plus 150MW of battery storage.
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Battery storage developer Spearmint Energy has hired Yelena Kuznetsova as the director of sustainability and ESG.
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Battery energy storage systems (BESS) M&A activity in the US continues to steadily increase as nationwide transmission upgrades and interconnectivity queues grow – with deals for the relatively new technology now in the billions of dollars.
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Independent power producer Silicon Ranch and its partners – a community-focused renewable energy company and Sulphur Springs Valley Electric Cooperative (SSVEC) – have brought online the McNeal solar-plus-storage project.
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LG Energy Solution, an EV battery manufacturer, and Toyota North America have signed a long-term battery supply agreement. LG Energy will supply Toyota with 20GWh of NCMA batteries per year for Toyota to power its battery electric vehicles (BEVs).
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SolaREIT, a battery storage and solar real estate investment fund, has hired Nicole Wolf as senior vice president of business development. The hire supports the company's expansion of its battery storage real estate financing projects.
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Greenprint Capital Management and AB CarVal have finalized their joint venture (JV) to grow Greenprint's tax equity pipeline and renewable energy tax credit warehouse using funds managed by AB CarVal.
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Texan municipally-owned electric and natural gas utility CPS Energy has launched a request for proposal (RFP) seeking up to 500MW of energy storage systems.
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South Korean trading company Samsung C&T has signed a deal to sell 15 solar PV and energy storage systems (ESS) to North American developer Sunraycer.
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Battery cell manufacturer KORE Power has inked a multi-year supply agreement with energy storage and power conversion company Nidec North America.
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Enel North America has brought five battery energy storage systems (BESS) totaling 369MW / 555MWh online in Texas. The utility-scale BESS projects have been connected to the ERCOT power grid and will increase stability during the hot summer months.
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Foss & Company has launched a standalone battery storage investment division, which highlights the company's increasing focus on battery energy storage systems (BESS) projects.
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Tara Young, former deputy general counsel at Plus Power, has joined Spearmint Energy as its general counsel, effective immediately.
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IKEA’s financial arm, Ingka Investments, has joined Apex Clean Energy in developing Cameron Storage, the company’s first-ever battery storage project.
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Solar real estate investment fund SolaREIT has closed a $100 million investment with AB CarVal to grow SolaREIT's solar land, lease, and loan financing solutions. The investment can increase to $250 million in additional capital.
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The Department of Energy (DOE)'s Loan Programs Office has given a $398.6 million conditional loan to Eos Energy Enterprises, a battery storage manufacturer. The funding will support Eos Energy's Turtle Creek, Pennsylvania, grid-scale BESS manufacturing facility, which is expected to produce over 8GWh of storage capacity per year.
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French multinational utility company Engie has agreed to acquire the entire battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds.
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Bess Power Corporation has secured $15 million in project debt financing from Leyline Renewable Capital to funds its 2.4GW utility-scale stand-alone storage pipeline.
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Swedish battery manufacturer Northvolt has raised a $1.2 billion convertible note to finance its expansions plans in Europe and North America.
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Rondo Energy has raised $60 million in financing to grow its international operations by developing and building storage projects globally to decarbonize the industrial sector.
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Greenbacker Renewable Energy Company (Greenbacker) has closed on a warehouse financing facility in an initial aggregate principal amount of $75 million to support the construction and operation of its renewable power generation and energy storage portfolios.
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Recurrent Energy, a subsidiary of Canadian Solar, has secured a 20-year tolling agreement with utility Arizona Public Service Company (APS) for a 1.2GWh storage project.
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Renewables platform Origis Energy has closed a $750 million construction warehouse facility to fund 2GW of large scale solar, storage, and solar-plus-storage project construction over the next three years.
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International battery developer Powin Energy has hired Jeff Waters, former chief executive of Maxeon Solar Technologies, as CEO, replacing Geoffrey Brown.
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SUSI Partners, through its SUSI Energy Transition Fund with its joint venture partner SMT Energy, has signed a tax equity financing agreement with Greenprint Capital for a co-owned 100MW battery energy storage portfolio sited in Texas.
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AI-enabled power marketer Gridmatic has launched its first energy storage fund to oversee the management of up to 500MW of battery capacity in the ERCOT and CAISO markets.
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AES Andes has reached commercial operation of Andes Solar IIb, the largest solar battery storage project in Latin America.
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Flux Power, an energy storage developer, has secured a $15 million credit facility from Gibraltar Business Capital (GBC) to fund working capital needs and refinance an existing facility with Silicon Valley Bank (SVB).
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The Department of Energy has granted $453.5 million to finance solar generation and battery storage in Puerto Rico.
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Texas-based Vistra has completed its 350MW/1.4GW Phase III of the Moss Landing Energy Storage facility, now totaling 750MW/3GWh, in Monterey County, California.
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Peregrine Energy Solutions, a Boulder, Colorado-based BESS developer and renewable energy platform, has signed a Memorandum of Understanding (MoU) with Six Nations of the Grand River Development Corporation (SNGRDC) to create utility-scale battery storage projects in the Canadian market.
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GridStor, Portland, Oregon-based a battery storage system developer and operator, has appointed Frank Burkhartsmeyer as the company's chief financial officer.
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Utility-scale battery storage platform Broad Reach Power has closed a $435 million credit facility to fund the construction of seven stand-alone energy storage projects in Texas and California.
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Clearway Energy Group has closed a $421 million financing for its 147MW/588MWh Rosamond Central BESS project in Kern County, California.
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Battery storage specialist Spearmint Energy has begun commissioning activities at its Revolution project, a 300MWh battery energy storage facility.
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Corre Energy B.V.'s North America subsidiary has entered an agreement to acquire a 280MW and 4.2GWh energy storage project in West Texas from Contour Energy, a Texas-based battery and storage developer.
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Urban battery storage developer, NineDot Energy, has closed a $25 million revolving credit facility provided by NY Green Bank (NYGB), a division of the New York State Energy Research and Development Authority (NYSERDA).
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Jupiter Power, an energy storage infrastructure platform, has secured $70.4 million in a construction and term loan from First Citizens Bank's energy finance group. The loans will fund two standalone battery storage projects, totaling 160MW and 320MWh, in Texas.
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Xcel Energy has received approval from state regulators to construct a multi-day energy storage system at the site of a retiring coal plant.
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EVLO Energy Storage, the battery energy storage systems developer subsidiary of Hydro-Québec, has launched its first utility-scale storage project in the US.
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Ameresco has signed a partnership to install a multiple site 78.3MW, 313.34 MWh battery storage system for United Power, an electric cooperative serving Colorado’s northern Front Range.
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San Diego Gas & Electric (SDG&E) has completed two additional utility-owned energy storage facilities totaling 171MW.
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Ameresco is set to build four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital.
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The Lund Storage Project, owned by BESS Power Corporation, has commenced a Full interconnect Study (FIS) as it gears up to connect to Electric Reliability Council of Texas Inc (ERCOT) and Lower Colorado River Authority (LCRA).
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Leeward Renewable Energy (LRE) has signed a 15-year power purchase agreement with Southern California Edison for its 126MW Antelope Valley BESS facility located in Kern County, California.
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Recurrent Energy, a development company owned by Canadian Solar, has secured a €150 million multicurrency facility with Santander Corporate & Investment Banking.
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Great Bay Renewables, owned by Altius Renewable Royalties Corporation and Apollo Global Management, has invested $45 million with Hexagon Energy for future royalties related to Hexagon’s 43 project solar, solar-plus-battery storage, and standalone storage development projects – which totals 5.3GWac and spans 12 states.
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Strata Clean Energy has closed on tax equity investments to fund two standalone battery energy storage systems.
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Greenbacker Capital Management, a renewables asset manager, has purchased a to-be-constructed 30MW / 120MWh energy storage system from SunCode Energy.
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Jupiter Power has signed an energy storage tolling agreement for its 100MWh Crossett I storage asset in West Texas, which began operations in 2022.
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German utility RWE has connected its first utility-scale battery storage project (BESS) to the California grid.
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Idemitsu Renewables, a renewable energy developer, signed a long-term power purchase agreement (PPA) with Sonoma Clean Power Authority, the not-for-profit, community-based electricity provider for Sonoma and Mendocino counties in California.
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On.Energy, the Miami-headquartered battery storage firm, has raised $20 million in equity financing in a Series B round led by Philadelphia-based investment firm Ultra Capital. New York-based private equity firm Phalanx Investment Partners also participated in the round.
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North American renewables and storage developer Nexus Renewables announced the closing of multiple financings totaling $40 million.
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Investment fund managers Fiera Infrastructure and Palisade Infrastructure have completed the acquisition of a renewable energy generation and battery storage business from Amp Energy.
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Spearmint Energy, the battery energy storage specialist founded in May 2022, has closed a $200 million credit facility with Aiga Capital Partners for the development of battery storage assets in Texas.
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KORE Power, battery storage and EV solutions company, was awarded a conditional commitment loan of $850 million by the Department of Energy's Loan Programs Office (LPO) for an advanced battery cell manufacturing facility in Buckeye, Arizona.
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