Industry
In the rapidly evolving energy storage sector, announcements and updates come thick and fast. From acquisitions and funding to new business models, the industry is growing and maturing by the day.
The number of gigafactories breaking ground has soared in recent years as the global rush to develop lithium-ion battery production capacity continues.
In parallel, there is a pressing need to develop a circular economy in the sector but also many open questions regarding safe and efficient recycling.
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Latest News
UK’s largest solar and storage project secures financial close
Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.
10 hours ago
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Spain preps grants for energy storage and grid demand management
A consultation exercise has been opened into a plan to distribute European Regional Development Fund (ERDF) cash into large-scale energy storage and grid flexibility sites and into customer-side electricity demand management technology.
Clearway, Cypress Creek close $738 million in BESS financing
Clearway Energy has launched the construction of a 320 MW/1280 MWh battery energy storage system (BESS) portfolio in Utah after closing financing. Meanwhile, Cypress Creek Renewables is already building a 200 MW standalone BESS project in Texas, which will be backed by fresh cash.
Northvolt files for bankruptcy in Sweden
After filing for Chapter 11 bankruptcy protection in the United States in November 2024, the European battery manufacturing torchbearer has failed to negotiate and implement a financial restructuring. The business has now filed for bankruptcy in its home country.
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All Industry news
UK’s largest solar and storage project secures financial close
Quinbrook completes financing for Cleve Hill Solar Park in Kent, England. The solar and storage project will be the largest in the United Kingdom when it goes live later in 2025. The developer claims contract for difference, capacity market and power purchase agreements (PPAs) were critical to securing project financing.
Spain preps grants for energy storage and grid demand management
A consultation exercise has been opened into a plan to distribute European Regional Development Fund (ERDF) cash into large-scale energy storage and grid flexibility sites and into customer-side electricity demand management technology.
Advertisement
Clearway, Cypress Creek close $738 million in BESS financing
Clearway Energy has launched the construction of a 320 MW/1280 MWh battery energy storage system (BESS) portfolio in Utah after closing financing. Meanwhile, Cypress Creek Renewables is already building a 200 MW standalone BESS project in Texas, which will be backed by fresh cash.
Northvolt files for bankruptcy in Sweden
After filing for Chapter 11 bankruptcy protection in the United States in November 2024, the European battery manufacturing torchbearer has failed to negotiate and implement a financial restructuring. The business has now filed for bankruptcy in its home country.
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Supply deal and finance for another 2.2 GWh of US batteries
Canadian Solar will supply its SolBank 3.0 battery systems to Aypa Power's projects in California and Texas and finance has been secured to complete construction of a further 220 MW/440 MWh battery energy storage system (BESS) in the Lone Star State.
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