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Man sitting in front of a complex electrical installation
U.S. government releases IRA’s prevailing wage and apprenticeship requirements The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on the Inflation Reduction Act’s (IRA) prevailing wage and registered apprenticeship requirements. Developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
Anne Fischer
Jun 21, 2024
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Containers of battery energy storage solution
Arizona’s largest energy storage project closes $513 million in financing In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona. 
Anne Fischer
Jun 21, 2024
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Azeglio LDES container
New York offers $5 million for long-duration storage projects The funding will advance the development and demonstration of scalable innovative long duration energy storage (LDES) solutions and be available via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).
Marija Maisch
Jun 14, 2024
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Battery energy storage container
TWAICE, NARDAC team to improve insurance terms with battery storage analytics   German battery analytics technolgy provider TWICE and NARDAC, UK-based insurance broker focused on large energy and infrastructure assets, have partnered to enable improved insurance coverage for battery energy storage system (BESS) asset owners, investors, and lenders.  
Marija Maisch
Jun 13, 2024
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Borrego Solar installation
Bitech Technologies sells 2.4 GW of solar to focus on BESS  Bitech has completed the sale of 2.425 GW of its greenfield solar projects to "a third party purchaser". The company plans to turn its focus to its battery storage business, which it believes, could ensure better investment returns.
Blathnaid O’Dea
Jun 13, 2024
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Thurcroft battery storage site
Gresham House, Octopus sign two-year, fixed-price BESS deal  One of the United Kingdom’s largest battery storage investors has signed fixed price contracts for roughly half of its portfolio in a landmark deal for the British market. Battery storage market intelligence firm Modo Energy estimates the tolling arrangement to be worth GBP 56,000 ($71,584) per MW per year.
Matthew Lynas
Jun 05, 2024
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LG building
LG Energy Solution offers funding to battery startups South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept. 
Blathnaid O’Dea
Jun 05, 2024

All Finance news

View article
Man sitting in front of a complex electrical installation
U.S. government releases IRA’s prevailing wage and apprenticeship requirements The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released final rules on the Inflation Reduction Act’s (IRA) prevailing wage and registered apprenticeship requirements. Developers of clean energy projects may be able to claim an increased credit equal to five times the base incentive.
Anne Fischer
Jun 21, 2024
View article
Containers of battery energy storage solution
Arizona’s largest energy storage project closes $513 million in financing In the USA, the 1,200 MWh Papago Storage project will dispatch enough power to serve 244,000 homes for four hours a day with the e-Storage SolBank high-cycle lithium-ferro-phosphate battery energy storage solution. Recurrent Energy, a subsidiary of Canadian Solar Inc. has secured $513 million in project financing for its Papago Storage project located in Maricopa County, Arizona. 
Anne Fischer
Jun 21, 2024
View article
Azeglio LDES container
New York offers $5 million for long-duration storage projects The funding will advance the development and demonstration of scalable innovative long duration energy storage (LDES) solutions and be available via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).
Marija Maisch
Jun 14, 2024
View article
Battery energy storage container
TWAICE, NARDAC team to improve insurance terms with battery storage analytics   German battery analytics technolgy provider TWICE and NARDAC, UK-based insurance broker focused on large energy and infrastructure assets, have partnered to enable improved insurance coverage for battery energy storage system (BESS) asset owners, investors, and lenders.  
Marija Maisch
Jun 13, 2024
View article
Borrego Solar installation
Bitech Technologies sells 2.4 GW of solar to focus on BESS  Bitech has completed the sale of 2.425 GW of its greenfield solar projects to "a third party purchaser". The company plans to turn its focus to its battery storage business, which it believes, could ensure better investment returns.
Blathnaid O’Dea
Jun 13, 2024
View article
Thurcroft battery storage site
Gresham House, Octopus sign two-year, fixed-price BESS deal  One of the United Kingdom’s largest battery storage investors has signed fixed price contracts for roughly half of its portfolio in a landmark deal for the British market. Battery storage market intelligence firm Modo Energy estimates the tolling arrangement to be worth GBP 56,000 ($71,584) per MW per year.
Matthew Lynas
Jun 05, 2024
View article
LG building
LG Energy Solution offers funding to battery startups South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept. 
Blathnaid O’Dea
Jun 05, 2024
View article
Invinity large energy storage systems
Invinity quadruples its vanadium-flow battery manufacturing in UK UK-based manufacturer Invinity Energy Systems has announced plans to set up a new manufacturing facility which would increase its long duration energy storage (LDES) manufacturing capacity to over 500 MWh per year.
Marija Maisch
Jun 04, 2024
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Sorbiforce energy storage container
SorbiForce uses agricultural waste to produce low-cost, safe batteries US-based start-up SorbiForce uses no toxic products or metals in production of its batteries. It claims its systems are cheaper and safer than lithium-ion batteries and have near zero end-of-life waste.
Marija Maisch
Jun 03, 2024

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