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Swedish company Ingrid secures €35 million to finance its expansion in storage, particularly in France
The Swedish energy infrastructure specialist is continuing its European expansion with a bond issue, in order to refinance its debt and support the development of new battery storage capacities, particularly in the French market.
US FEOC, uncertainty and constraints: Real estate capital for energy storage developers is more critical than ever
As energy storage developers navigate the tightening squeeze of FEOC compliance and a bifurcated lending market, unlocking the embedded value of project real estate is emerging as a critical, non-dilutive strategy for securing the pre-construction capital needed to meet 2026 supply chain deadlines.
Longer-duration BESS finds footing in Germany’s toll market
BlackRock‑backed developer Akaysha Energy says lenders require 60% to 80% contracted revenue before committing project debt to utility‑scale battery energy storage system (BESS) projects in Germany – a threshold that structured offtake products borrowed from its home market can meet.
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AnteoTech’s secures funding for its silicon-dominant battery anode tech
Queensland-based energy tech company AnteoTech has secured almost AU$4 million in funding from the Australian Renewable Energy Agency to help fast-track the development of its silicon-dominant lithium-ion battery anode technology.
LG Energy Solution announces substantial ESS revenue growth, new products
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
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Romania: Funds for battery storage projects, major solar+storage site comes online, progress on 1 GW pumped storage site
In its first, the Romanian government has allocated EU funds for two major battery energy storage projects via its National Recovery and Resilience Plan. A utility-scale solar-plus-storage site in the country's northwest has flipped the switch. Meanwhile, the nation's landmark pumped storage project has attracted Japan's Itochu and France's EDF as potential partners.
Sembcorp to expand Southeast Asia’s biggest battery storage site
Built across two sites on Jurong Island, Sembcorp's lithium ion battery storage system will now be expanded to 311 MWh. Meanwhile, Singapore's Energy Market Authority (EMA) has awarded grants to local sodium-ion and vanadium-flow specialists in a bid to enhance grid stability, also via underground system deployment.
Energy storage corporate funding hits $17.6 billion in nine months of 2024
Corporate funding in the energy storage sector saw a 15% year-on-year increase in the first nine months of 2024, according to Mercom Capital Group. While venture capital funding has collapsed, debt and public market financing has skyrocketed making for the sector's second best performance in the last five years, lagging only the record-breaking 2022.
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