Energy Storage

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 […]

Entergy Arkansas, the utility that provides electricity to about 735,000 customers in 63 counties in that state, announced a plan to add about 2.6 GW of new power generation capacity, in part by converting old coal-fired units to burn natural gas. It also is renewing the operating license for the 1.8-GW Arkansas Nuclear One power plant, the state’s only nuclear power station, with plans to invest in new equipment that would increase the facility’s output.

Alphabet, the parent of technology giant Google, has announced a definitive agreement to acquire Intersect, which provides data center and energy infrastructure solutions, for $4.75 billion in cash, plus the assumption of debt. Google already owns a minority stake in Intersect from a previously announced funding round.

A Colorado-based company focused on utility-scale battery energy storage has partnered with global technology group Wärtsilä and others for construction of a 500-MWh project near the Dallas-Fort Worth area in Texas, the latest of several major battery energy storage installations being built in the state.

Global Energy Trends 2026   In this edition of Global Energy Trends, we examine how electricity markets are navigating the continued tug-of-war between the three aspects of the energy trilemma (affordability, sustainability and security) and how both innovation and inertia are shaping the sector. The climate signals of 2025 are harsh but clear. Heat, drought, […]

Renewable energy company BayWa r.e. said it has closed financing for a solar-plus-storage installation in San Diego County, California. The group on December 9 said the Jacumba Valley Ranch (JVR) Energy Park is expected to enter commercial operation in 2026.

SmartestEnergy US, part of a global energy company helping businesses navigate the energy transition, has selected GridBeyond, a global smart energy company, as its technology partner to optimize battery energy storage systems (BESS) in the Electric Reliability Council of Texas (ERCOT) market. The strategic partnership will leverage GridBeyond’s advanced price forecasting, bid optimization, and trading […]

POWER breaks down the top insights from Data Center POWER eXchange, its unique one-day summit curated by POWER’s editorial team and convened to examine the collision between accelerating data center load and tightening grid constraints.  The rise of artificial intelligence is poised to create the fastest, largest, and most concentrated surge of electricity demand in […]

The UK’s battery storage capacity is set to triple by 2030 and could reach 50 GW by mid-century—a transformation that will reshape how the nation powers itself. This explosive growth isn’t just about

The limitations of lithium-ion batteries are prompting a search for longer-duration solutions. Compressed air energy storage (CAES) and other emerging technologies are gaining traction as safer, scalable

Framatome has been selected by Electrabel, part of ENGIE Group, to modernize the rod control system of the Tihange 3 nuclear reactor in Belgium.

When I was a kid, I used to watch thunderstorms roll in from the porch, tracing lightning across the sky and marveling at how energy moved between clouds. We build infrastructures now that try to do the same thing—collect, store, and dispatch power on demand. But as energy storage scales (Figure 1), it’s not the […]