Trina Solar is making LFP cells, launches energy storage division at Energy Storage Summit 2021
Update 2 March 2021: A Trina Storage representative contacted Energy-Storage.news to highlight that while the company is building out production capacity for lithium iron phosphate (LFP) battery cells for stationary energy storage, the major focus of the newly-launched division is on providing full integrated battery energy storage system (BESS) …
Energy storage ITC requires complex, costly tax equity financing
The investment tax credit (ITC) for standalone energy storage is an undoubted game changer for the US industry, but it isn''t easy or cheap to capture its benefits. The ITC came into effect at the beginning of this year, offering upwards of a 24% reduction in the capital cost of investing in eligible energy storage project equipment.
Plus Power Secures Nearly $100 Million Tax Equity Financing for Merchant Battery Storage Project …
Plus Power currently operates the 100 MW Gambit Energy Storage facility in Angleton, Texas, and the 300 MW / 600 MWh Rodeo Ranch Energy Storage facility in Pecos, Texas.
China''s energy storage firm Hithium raises over $621 million
Hithium''s major projects are based in China but it aims to expand overseas, with subsidiaries in Fremont, U.S and the German city of Munich, according to the company''s website. ($1 = 7.2409 ...
Spain launches two energy storage programmes with €280 million
July 24, 2023. One of the two programmes will be directed towards pumped hydro energy storage. Image: MITECO. The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026. The Ministry for the Ecological Transition ...
ACWA Power lands financing for Central Asia''s biggest battery …
1 · The Saudi Arabian developer has reached financial close for the Tashkent Riverside project in Uzbekistan, which includes a 200 MW solar plant and a 500 MWh battery …
Strata Clean Energy Secures $559 Million Financing for 1GWh Battery Energy Storage Project …
PHOENIX, February 21, 2024--Strata Clean Energy Secures $559 Million Financing for 255MW/1,020MWh Scatter Wash battery storage complex to be operational by April 2025
NineDot Energy Raises $225 Million in Equity Financing to Build and Operate Distributed Battery Energy Storage Projects …
NineDot''s New York City battery storage projects support New York Governor Hochul''s nation-leading roadmap for 6,000 megawatts of energy storage capacity in New York State by 2030, on the path ...
Chinese power company shows way forward with energy storage …
The Minety project is touted as Europe''s largest lithium-ion battery storage system to date. The facility stores electricity from the national grid at times of low …
Energy Storage
Orrick''s Energy Storage team has been representing market participants for almost a decade on the development, financing and M&A for an array of energy storage projects around the globe. Our team has market leading experience working on all aspects of the development, construction, offtake contracts, financing and M&A for battery energy …
EBRD finances major battery energy storage system project
2 · 02 Jul 2024. New solar power plant and a battery energy storage system to be built in Uzbekistan. EBRD financing of US$ 229.4 million supports major renewable …
Conclusion of Semi-annual Reports of Overseas Energy Storage …
In general, overseas energy storage companies continued to experience robust revenue growth in the first half of 2023, with positive operating margins. In the first …
8MWh BESS among 10 pilot projects given grants in Estonia
Image: Eesti Energia. A state agency in Estonia has provided €5.2 million (US$5.7 million) in grants for 10 energy storage projects, including a 4MW/8MWh battery storage project from utility Eesti Energia. The state-funded Environmental Investment Centre announced the grant funding for the ten projects being developed by six …
RWE signs up corporate offtaker for Big Star Texas solar-plus-storage project
Image: RWE / Shane O''Neill, Coalesce. RWE Renewables has secured an offtake agreement with energy supplier Constellation for a large-scale solar-plus-storage project currently being developed in Texas. Exelon subsidiary Constellation will purchase power and project-specific renewable energy certificates (RECs) equal to a 140MW …
Goldman Sachs-backed GridStor buys 2GWh of …
New Goldman Sachs-backed developer GridStor has acquired a portfolio of in-development battery storage projects in LA, California, from Upstream Energy, totalling 500MW/2,000MWh. The …
Recurrent Energy Announces $500 Million Capital Commitment from BlackRock to Grow Its Global Renewable Energy Platform
Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that Recurrent Energy B.V. has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund …
RES secures planning approval for 100MW UK battery …
A 99.9MW energy storage project in development in northern England by Renewable Energy Systems (RES) has secured planning permission, with the asset set to be operational in late 2023. …
Southeast Asia''s largest Energy Storage project deployed at …
Singapore-based energy and urban development company Sembcorp Industries has officially opened the 285-MWh utility-scale energy storage system (ESS) on the country''s Jurong Island. According to the company, the Sembcorp ESS, commissioned in December 2022, is Southeast Asia''s largest ESS and the fastest to be deployed …
Black Mountain Energy Storage
Leveraging cumulative decades of electric market experience, Black Mountain Energy Storage develops powerful, flexible, and strategically placed battery energy storage projects to foster a resilient electric grid. TEAM. BMES'' quickly expanding team of energy experts are fast actors in pipeline development of utility-scale energy storage ...
Energy storage system integrators: Six of the best
February 28, 2017. Image: Younicos. To mark the launch of the new-look Energy-Storage.News site, our team profile six of the leading global system integrators working in energy storage today. This is a handful of the names that are designing systems, solving problems, executing projects and shaping the industry around us.
China''s energy storage deployments for first nine months of 2020 up 157% year-on-year
China deployed 533.3MW of new electrochemical energy storage projects in the first three quarters of 2020, an increase of 157% on the same period in 2019. According to work by the China Energy Storage Alliance''s (CNESA) in-house research group, the country ...
IEEFA Update: Japan Is Investing Heavily in …
With an equity interest in 11GW of power generation capacity worldwide, Mitsui is aiming to develop its energy business in line with global trend toward renewable and distributed energy. Among its …
Going to Latin America! First Step in Overseas Energy Storage
First Step in Overseas Energy Storage On April 28, 2022, China Power International Development Limited (stock code: 02380.HK, hereinafter referred to as "CPID") signed a cooperation agreement with SESELEC and CHINT in Beijing, Shanghai and Mexico, respectively, in an online + offline way, to jointly promote the 120 MW PV project (Phase …
China Energy Construction''s First Overseas Energy Storage …
The Lochi 150MW/300MWh energy storage project in Andijan Oblast, Uzbekistan is the first single largest electrochemical energy storage project invested by …
Singapore''s first floating energy storage system to launch in first …
It is part of a $10 million partnership between the Energy Market Authority (EMA) and Seatrium to develop innovative energy solutions in the marine sector, and was announced in April 2020. The ...
Japan: 1.67GW of energy storage wins in capacity auction
Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in Japan. A total 1.67GW of projects won contracts, including 32 battery energy storage system (BESS) totalling 1.1GW and three pumped hydro energy storage (PHES) …
Making project finance work for battery energy storage projects
The International Renewable Agency (IRENA) has estimated that the world will need 360GW of battery storage by 2030 to enable us to get almost 70 per cent of our energy from renewable sources. And yet, despite the overwhelmingly urgent need for energy storage around the world, the application of project finance mechanisms to battery energy ...
New Energy Storage Technologies Empower Energy Transition
Energy storage batteries have become a hot topic in the period of energy transformation. With the new requirements for carbon neutrality and energy transition, …
Energy Storage for Social Equity Initiative | PNNL
News & Events. The Energy Storage for Social Equity (ES4SE) Initiative, sponsored by the United States Department of Energy''s (DOE) Office of Electricity Energy Storage Program, is a program by Pacific Northwest National Laboratory (PNNL) and Sandia National Laboratories. ES4SE is designed to empower urban, rural, tribal, and indigenous ...
How banks evaluate energy storage | Norton Rose Fulbright
August 13, 2021. by James Wright, with CIBC Capital Markets in Chicago. Banks have been ready to finance batteries for a while, but until recently, they had not seen many deals come across their desks in need of financing. The market is changing rapidly. First, the basic economic case for them had been marginal until recently.
Croatia looks to fund 20MWh of energy storage projects
The Ministry of Economy and Sustainable Development in Croatia has issued a €60 million (US$66 million) Call for Funds which seeks projects for renewables, energy efficiency and energy storage totalling 20MWh. The Ministry announced the Call this week (17 April) which will provide €100,000 – €2 million per project with a maximum …
Going to Latin America! First Step in Overseas Energy Storage
According to the agreement, Xinyuan Smart Energy Storage Co., Ltd., CPID''s energy storage arm, will provide advanced energy storage equipment and technology for the …
