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California crosses 10 GW utility-battery storage threshold CAISO set a new peak battery discharge record of 8.3 GW on October 9, as the state’s future EIA energy storage queue holds 177 GW of capacity, with 1.9 GW expected added through the end of the year.

John Fitzgerald Weaver

Oct 14, 2024

Workers assembling batteries

Finance

Eos Energy lands $315.5 million investment to expand its LDES market footprint New York-based Cerberus Capital Management’s investment will enable Eos Energy to restructure some existing debts as it aims to capitalize on increased global demand for long-duration energy storage services.

Blathnaid O’Dea

Jun 26, 2024

Man sitting in front of a complex electrical installation

Finance

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.

Jun 21, 2024

Containers of battery energy storage solution

Finance

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.

Jun 21, 2024

Disassembled batteries

Recycling

Princeton NuEnergy scores $30 million in funding for lithium battery recycling In the USA, Princeton NuEnergy (PNE), a New Jersey-based specialist in lithium-ion battery direct recycling, has announced the close of a Series A funding round with a strategic investment from Samsung Venture Investment Corporation. PNE is now commercializing its lithium-ion battery recycling process that the company reports recovers up to 95% of materials found in all lithium-ion battery chemistries.

Jun 18, 2024

Large battery storage field

Policy

US battery storage demand to surge within this decade, says SEIA US demand for battery energy storage systems will grow sixfold by 2030, according to a recent report by the Solar Energy Industries Association (SEIA), but only with serious investment, coordination with experienced manufacturers, and collaboration with allies.

Jan 03, 2024

SunRise Arabia 2025 event

SunRise Arabia Clean Energy Conference 2025

Saudi Arabia continues to solidify its position as a global leader in the transition to sustainable energy. The conference features a full day of engaging presentations and panel discussions and includes an evening Get-together Reception, providing a relaxed setting for networking and building connections within the solar energy community.

February 19, 2025 | Riyadh, Saudi Arabia

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