Energy storage

As part of the country’s strategic program to strengthen the stability of the national grid, Cuba has begun load testing of the first unit of a battery energy storage system (BESS) at the El Cotorro substation in Havana. This is the first of four systems with a total capacity of 200 MW. According to the […]

Eagle Point Credit Management LLC, a private credit investment manager, said it has provided a $28.5-million senior secured term loan to Heritage Energy Storage DevCo I LLC, owned by Heritage Energy Holdings, LLC, a Texas-based solar and storage developer.

A new report from a leading solar industry group and a top energy data analytics firm said about 43 GW of new solar power generation capacity was added across the U.S. last year.

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.

A private equity–led consortium has agreed to take AES Corp. private in a $33.4 billion deal that—if completed—will shift one of the largest U.S.-listed power companies and a major data‑center renewables supplier into private ownership. AES’s board says the move, which comes as load growth and capital needs are rising across the sector, is designed […]

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.

America has a once-in-a-generation opportunity to rebuild its energy backbone. For the first time in decades, capital investment, technological innovation, and bipartisan political will are aligning to

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.

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. […]

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 […]

Xcel Energy has moved to lock in supply and development capacity for what could become 6 GW of data center load through separate strategic agreements with GE Vernova and NextEra Energy, announced this week, that reserve five F-class gas turbines, multiple gigawatts of wind capacity, and joint development resources to support generation buildout into the […]

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.

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.

A startup specializing in carbon-negative artificial intelligence (AI) infrastructure powered by renewable energy systems has acquired the idled Buena Vista Biomass Power facility in Ione, California, and plans to convert the legacy wood-burning plant into a 41-MW “carbon-negative AI factory.” The redevelopment announced on Jan. 14, which New York-based NewYork GreenCloud (NYGC) is executing with […]

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.

Household electricity use is set to climb sharply through 2035 as electrification expands, shifting power system costs toward capital-intensive grids, renewables, and storage and making affordability increasingly sensitive to policy and financing choices. POWER’s monthly print infographic breaks down the forces reshaping electricity bills worldwide. In its November 2025–released World Energy Outlook, the International Energy […]

Distributed energy resources (DERs) have become a major part of the power generation landscape, particularly in support of a more reliable and resilient grid. Generating electricity from a variety of sources, including fossil fuels and renewables, using smaller-scale installations is now a key element of demand response and energy efficiency.

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.

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.

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

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

The energy industry continues to transition at a rapid pace. Across nearly every market, renewables are reliably and economically transitioning the grid from fossil fuels.