Aypa Power, a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects, secured $550 million in debt and tax equity financing for energy storage projects. The First Citizens Bank & Trust Company, Nomura Securities International, National Bank of Canada, and MUFG
Read MoreKontrolmatik Technologies, via its subsidiary Pomega Energy Storage Technologies, hosted a groundbreaking ceremony for its previously announced 3-GWh lithium-ion battery manufacturing plant in
Read MoreImage: RWE. Multinational utility and independent power producer (IPP) RWE has started building its first battery energy storage system (BESS) project in the Netherlands. The Germany-headquartered company announced the start of construction on the BESS at its Eemshaven biomass and gas power plant complex, near Groningen, last
Read MoreDecember 6, 2023: More than 10 countries have joined a new BESS Consortium as first mover nations pledging to expand deployment of battery storage systems alongside renewable energy projects. The Global Leadership Council (GLC) of the Global Energy Alliance for People and Planet said India, Egypt and several African nations were among
Read Moree-STORAGE has successfully implemented over 3.3 GWh DC of battery energy storage solutions across the United States, Canada, the United Kingdom, and China, and brought the total installed capacity
Read MoreFurthermore, REPT signed a promising cooperative agreement with Energy Vault, Inc., aimed at the production of 3GWh advanced energy storage batteries and
Read MoreA couple of those project names may be familiar to regular Energy-Storage.news readers: Edwards Sanborn shares a name and location with one of the largest — if not the largest — lithium-ion solar-plus-storage projects in construction globally, with the standalone BESS contracted for separately.. The MOSS350 project at Moss
Read More4 · The Bulgarian Ministry of Energy has invited public comment on a new initiative to offer tenders for 3GWh of energy storage capacity to help integrate renewable energy. In its current form, the tender consists of BGN1.2 billion (US$660 million) in grant funding. Projects cannot apply for funding to cover more than half of their costs, and
Read MoreEurope is expected to have 32.2 GWh of residential battery energy storage systems across 3.9 million homes by the end of 2026. This is according to the medium scenario of the European Market Outlook for Residential Battery Storage 2022-2026 report, released in December by SolarPower Europe. Under the high scenario, over 44 GWh of home []
Read MoreImage: Enerparc. The latest Innovation Tender in Germany has concluded, with 32 solar-plus-storage projects totalling 408MW awarded contracts. The German Federal Network Agency, the Bundesnetzagentur, announced the results of its latest auction which ended up being oversubscribed with a total of 53 bids and 779MW of capacity
Read MoreThe MREH project is just one of a 39 renewable energy, battery storage and waste infrastructure projects worth more than $6.5 billion that Equis has said it is currently developing in Australia. While the MREH is the biggest of its battery projects, Equis has also announced plans to develop a 300MW/1,200MWh battery near
Read MoreNetherlands'' climate minister has allocated €100 million in subsidies to the deployment of ''time-shifting'' battery storage with solar PV projects for next year, an acceleration of a larger €400 million-plus programme. Minister for climate and energy policy and D66 party leader Rob Jetten announced the subsidy package as part of its
Read MoreBattery energy storage system (BESS) integrator Powin has announced a 3GWh purchase agreement with China-based lithium-ion battery supplier Rept. Rept
Read MoreVistra has previously said Moss Landing Energy Storage Facility could eventually host 1.5GW/6GWh of battery storage, if market conditions make that viable. PG&E also has a BESS plant that it owns, the 182.5MW/730MWh Elkhorn Battery project, at the Moss Landing site. "As we navigate this energy transition to cleaner fuel sources,
Read MoreDevelopers ACWA Power, SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company have secured the US$1.302 billion senior debt facilities, ACWA announced last week (24 February). $1.3bn debt has been secured for the Red Sea project and its 1.2-1.3GWh off-grid battery energy storage system, the
Read MoreBattery storage projects from Hynfra Energy Storage and OX2 totalling 130MWh have won contracts in energy auctions in Poland this week. A capacity market auction for 2027 from transmission system operator Polskie Sieci Elektroenergetyczne (PSE) closed at PLN 406.35/kW/year (US$93) and handed out long-term contracts to
Read MoreAccording to the India Energy Storage Alliance (IESA), only around 85MWh of battery energy storage systems (BESS) are in construction or already online in the country, but there is a pipeline of 4.6GWh already (3.3GWh tendered for
Read MoreThe standalone, grid-connected battery energy storage facility consists of two segments, each with a 500 MWh storage capacity, designed for two hours of storage in one cycle.
Read MoreBattery energy storage system (BESS) integrator Powin has announced a 3GWh purchase agreement with China-based lithium-ion battery supplier Rept. Rept Battero, part of stainless steel and nickel firm Tsingshan Industry, has been validated as a supplier for Oregon-based Powin and will provide the firm with over 3GWh of lithium iron
Read MoreMay 14, 2020: Southern California Edison, the primary electricity utility for 14 million people in the south of the state, has signed contracts to add up to 770MW/3GWh of battery energy storage in seven installations, it announced on May 1. Most of the installations will be batteries paired with solar power plants, the utility said, and all the
Read MoreA consortium of developers led by ACWA Power has secured financing for the Red Sea project, on the west coast of Saudi Arabia, which is set to feature a 320MW
Read MoreShenzhen SMS Energy Technology Co., LTD. 3GWh energy storage factory is located in Zhen ''an Middle Road, Chang ''an Town, Dongguan City, covering an area of 15,000
Read MoreClean Energy Transfer Fund (CETF), an Australian investor into clean energy technologies and projects, selected solar PV inverter and energy storage brand
Read MoreFrance-headquartered independent power producer (IPP) Voltalia has started building a 126MW solar PV project in Uzbekistan, to which it will add a 50MW/100MWh battery energy storage system (BESS) with plans to build another project ten times as big. The Sarimay Solar project is expected online in the second half of 2025,
Read MoreResidential battery storage capacity in Europe is set to reach 9.3GWh by the end of this year, according to SolarPower Europe. That is in the solar PV industry trade body''s Medium Scenario, which
Read MoreResidential battery storage capacity in Europe is set to reach 9.3GWh by the end of this year, according to SolarPower Europe. That is in the solar PV industry trade body''s Medium Scenario, which estimates the continent will reach 39.9GWh of residential storage by 2026. In its pessimistic and High Scenarios it could reach 23GWh or 44GWh
Read MorePlans to nearly double the output and capacity of the world''s biggest battery energy storage system (BESS) project to date have been announced by its
Read MoreWe are India''s leading B2B media house, reporting full-time on solar energy, wind, battery storage, solar inverters, and electric vehicle (EV) charging. Our dedicated news portal, monthly magazine, and multimedia products increase our coverage to cater to the different demands of the renewable industry.
Read More"The Red Sands project is located in the Northern Cape and will be the largest standalone battery energy storage system in Africa," said Globeleq in a statement. The project is estimated to cost US$300 million and will take 24 months to construct. Originally developed by African Green Ventures (AGV), it will be constructed on a five
Read MoreNovember 1, 2023. Mock-up of Hithium''s 5MWh BESS, which comes in a standard 20ft container configuration, on display at All-Energy Australia. Image: Businesswire. Among the highlights of last week''s All-Energy Australia trade show were announcements of new products, deals and partnerships from major players including Sungrow, Ingeteam and
Read MoreOwner Vistra Energy has announced the completion of work to expand its Moss Landing Energy Storage Facility in California, the world''s largest lithium battery energy storage
Read MoreThe successful participants in the second round of Greece''s auction for financial support of large-scale BESS have been revealed. The Regulatory Authority for Energy (RAE) of Greece revealed the shortlist of successful bidders in the second round of its auction for energy storage, totalling 1.5GW/3.1GWh of projects, last week (8 February).
Read MoreTurkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA), which Joe Biden signed into law yesterday. The company announced plans earlier in 2022 to build a lithium-ion battery factory in the US specifically for the
Read MoreDecember 14, 2023: Energy storage system batteries supplied by China''s Contemporary Amperex Technology (CATL) for use at a US military base have been shut down amid allegations they posed a potential threat to national security. Legislators from the US Senate and House of Representatives had written to defense secretary Lloyd Austin on
Read MoreEnergy-storage.news speaks with the CEO of American Battery Factory Inc (ABF), a relatively unknown company with big plans for a national network of LFP battery gigafactories in the US, targeting the energy storage market. ABF claimed last week that it is ". veloping the first-ever network of safe lithium-iron phosphate battery
Read MoreGWh rose to 5.26GWh at the end of 2020. The report predicts that the cumulative installed capacity of electrochemical energy storage will reach about 3GWh in 2021. This means that if this year''s performance is as expected, the cumulative installed capacity in Europe in 2021 will exceed 8.2GWh. Among them, the grid-side and utility-side
Read MoreImage: Australian Vanadium. Australia wants to leverage its position as a mining and minerals hub to capture opportunities in the battery industry, and is seeking input on a National Battery Strategy. The government Department of Industry, Sciences and Resources opened a public consultation last week (3 February).
Read MoreVistra has previously said Moss Landing Energy Storage Facility could eventually host 1.5GW/6GWh of battery storage, if market conditions make that viable.
Read MoreAccording to the company, in Q4, Tesla Energy generation and storage revenues increased by 10% year-over-year to $1.438 billion (5.7% of the total revenues), while the cost of revenues amounted to
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