Energy Storage

Clean energy provider Avantus said it has closed a financing package of more than $300 million with Banco Bilbao Vizcaya Argentaria (BBVA) and the New York branch of Canadian Imperial Bank of Commerce for the Kitt Solar and Energy Storage Project in Pinal County, Arizona.

Minnesota Power has signed an electric service agreement (ESA) with Google for the energy needed to power a 700-MW data center project in the state. The companies on March 3 said the installation in Hermantown would operate under an existing regulated rate structure.

U.S.-based Energea in mid-January announced its acquisition of the YO Residence Solar Project, marking a significant milestone as the company’s first microgrid investment and entry into South Africa’s renewable energy market.

Power outages have become increasingly common, and longer in duration, due to extreme weather and temperature events. Behind-the-meter (BTM) batteries are proving their worth, as they have become more than niche devices quietly supporting backup power during storms. These batteries now offer vital support in an increasingly volatile energy ecosystem.

A Texas-headquartered solar power and battery energy storage developer said it has completed construction financing for a utility-scale project being built as part of a joint venture with an Israel-based group.

California-based Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and electric vehicle infrastructure projects, said the company has surpassed $280 million in closed corporate and project capital facilities with national bank Pathward, N.A., and BridgePeak Energy Capital, a renewable energy loan originator and service provider to banks and private credit […]

Construction is underway on a hybrid power station in Queensland, Australia that will support Arrow Energy’s Surat Gas Project (SGP) North. UK-headquartered Aggreko is leading the project, which is designed to show how natural gas and renewable energy can work together in a power generation installation.

Battery energy storage group FlexGen Power Systems said it has launched the latest version of FlexGen HybridOS, its hardware-agnostic energy management system (EMS), designed to unify and simplify the experience for battery storage and solar owners and operators with new capabilities that maximize site performance through real-time data and visibility.

Syntropic Power, formerly known as Emtel Energy USA, has announced its rebrand and the launch of three product lines of short- and long-duration stationary energy storage systems.

Zeo Energy Corp., a Florida-based residential solar installer that acquired struggling concentrated solar thermal developer Heliogen Inc. six months ago, has signed a non-binding memorandum of understanding (MOU) with Creekstone Energy to study the development of 280 MW of generation for a multi-gigawatt data center campus under construction in Millard County, Utah. Under the Feb. […]

Technology group Wärtsilä has been selected by Gramme Storage 1 to deliver a 50-MW/100-MWh battery energy storage system (BESS) in central-eastern Belgium. The companies on February 16 said that the project supports Belgium’s transition toward the use of more renewable energy resources.

A Texas-headquartered energy company with installations in more than 20 states has brought a utility-scale battery energy storage project online in Maine. Plus Power on February 11 said the group’s 175-MW/350-MWh Cross Town Energy Storage facility is now the largest of its kind in New England.

Lunar Energy, a leader in integrated home battery systems and virtual power plant software, announced it raised $102 million in an oversubscribed Series D round led by B Capital and Prelude Ventures. This round follows a previously unannounced Series C financing of $130 million led by Activate Capital.

As global electricity demand surges 40% by 2035 and warming projections worsen, nuclear, geothermal, gas, offshore wind, storage, and fusion must all advance—along with the workforce to build them. The global energy landscape is undergoing its most significant transformation since the Industrial Revolution. Electricity demand is surging at unprecedented rates while the imperative to decarbonize […]

From plunging costs to policy upheaval, the global battery storage sector is transforming grid design—and facing unprecedented challenges. The energy storage industry stands at a pivotal crossroads. On one side, costs are plummeting so dramatically that utility-scale batteries can now deliver solar power around the clock at competitive prices. On the other, regulatory upheaval—particularly in […]

Energy developer Aypa Power, a Blackstone portfolio company that operates utility-scale energy storage and hybrid renewable energy projects, announced the closing of its $1.5-billion construction warehouse revolving credit facility, with an additional $0.5 billion accordion feature.

Energy solutions and products companies LG Energy Solution Vertech and Qcells said they have joined in a multi-year commitment to install energy storage for Qcells’ development projects across the U.S.

Smart adaptation strategies will keep U.S. renewables on track in 2026 amid turbulent landscape. In 2025, the U.S. renewable energy market demonstrated its resilience. Despite setbacks ranging from weather and climate disasters, global trade tensions, and the termination of tax credit eligibility, 92% of new power capacity added to the grid in 2025 came from […]

U.S.-based technology company Baker Hughes said it has a strategic technology solutions and equity agreement with energy storage group Hydrostor. The deal between the companies, announced January 28, integrates Baker Hughes’ technology as part of Hydrostor’s core design offering for the latter’s advanced compressed air energy storage, or A-CAES, solution.

Developers of a new pumped storage hydropower installation in Washington state said the Federal Energy Regulatory Commission (FERC) has issued an operating license for the project. Rye Development, a U.S.-based developer of pumped storage hydropower, and Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Fund CI V, on January 22 said FERC gave the […]

Integrating distributed energy resources (DERs) such as solar, wind, batteries, and electric vehicles into the power grid is an important part of the energy transition. Utilities and transmission system operators know they need more flexibility when it comes to power generation and delivery, which involves modernizing infrastructure, using advanced controls, and developing new market rules to manage two-way power flow.

Energy-generation permitting in the Mid-Atlantic continues to evolve in 2026 not through wholesale deregulation or uniform acceleration, but through procedural and permitting reform and the potential allocation of generation development authority to public utilities. States are enacting these changes to meet the reality of reliability concerns, transmission constraints, large load-growth, and to address frequent obstruction of energy projects by local government.

Apex Clean Energy said the company has successfully financed three utility-scale renewable energy assets across Texas, Ohio, and Illinois. The Virginia-based company on January 12 announced the deals, saying it marked “a significant year-end milestone and reinforcing the company’s ability to execute at scale.” The financings comprise Coles Wind, a MISO wind project and Apex’s […]

A Massachusetts-based energy group that owns and operates energy storage and hybrid power generation assets said it has acquired the largest standalone battery storage project in the PJM Interconnection.

Exus Renewables North America (Exus), a leading independent owner, developer and operator of utility-scale renewable energy projects, announced the closing of a $400-million senior secured corporate credit facility. The facility will fund the development and expansion of the company’s growing wind, solar and battery portfolio.

Global demand for power is increasing. In order to meet that demand, we need fast, dependable options. Battery energy storage systems (BESS) are the fastest path to new capacity, thanks to their agile deployment and ability to support flexible interconnections.

Akshai Baskaran is VP and GM, Energy Management, for Gravity, a San Francisco, California-based company that helps enterprises and their supply chain partners manage their carbon footprint. Baskaran provided POWER with his take on the challenges and opportunities for distributed energy resources in the current regulatory landscape.

HA Sustainable Infrastructure Capital (HASI), a leading investor in sustainable infrastructure assets, and Sunrun, a provider of home battery storage, solar, and home-to-grid power plants, announced the closing of an innovative joint venture to finance distributed energy assets. The partnership announced January 6 is expected to ultimately finance more than 300 MW of capacity across […]

Vattenfall, Industrikraft Advance SMR Program at Ringhals in High-Stakes Deal. Swedish state utility Vattenfall and industrial consortium Industrikraft i Sverige AB signed an agreement, announced on Nov. 10

In early 2020, the prevailing narrative in the power sector was a continuation story of the developments from the decade before: renewable buildout will keep compounding, thermal capacity will keep retiring (albeit at a slower rate), markets will evolve to compensate for flexible generation products, capital will keep moving earlier in the development value chain […]