Finance Archives - Page 2 of 18 - Energy Storage

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Industry

Antidumping investigation could more than double cost of EV, energy storage batteries in the U.S. Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.

Dec 20, 2024

Industry

Sonnedix: Co-locating BESS to play “big, big role” in growth following €3.25 billion refinancing Axel Thiemann, CEO of Sonnedix, told ESS News co-locating battery energy storage systems (BESS) with its European assets is a major focus following its recent refinancing. Currently its co-located BESS portfolio is just over 1 GW.

Blathnaid O’Dea

Dec 20, 2024

Manufacturing

Gotion allocates $2.63 billion for battery gigafactories in Morocco, Slovakia The Chinese manufacturer is pumping in substantial investments towards 40 GWh of battery cell manufacturing abroad.

Dec 19, 2024

Finance

Grenergy sells stake in Chile’s Oasis de Atacama project for close to billion dollars The portfolio sold to independent power producer (IPP) ContourGlobal includes 451 MW of solar and 2.5 GWh of storage.

Dec 19, 2024

Finance

ABB to acquire Gamesa’s power electronics, storage business ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.

Pilar Sanchez Molina

Dec 18, 2024

Industry

Developers close $538 million for 1.2 GWh battery storage facility in Canada The Hagersville Park financing qualifies as a green loan. Once commissioned, the project will be one of Canada's largest battery energy storage (BESS) sites.

Blathnaid O’Dea

Dec 18, 2024

Manufacturing

Rotterdam plans 1 GW fab to make battery-powered electrolyzers Battolyser Systems' (BLS) product is a patented dual-purpose electrolyzer with a battery function.

Pilar Sanchez Molina

Dec 18, 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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All Finance news

Grid-scale

Another $299m for Grenergy’s vast Oasis de Atacama solar-plus-storage site in Chile The lenders who backed the first two phases of the solar-plus-storage mega site have offered further funds for the 230 MW solar and 1.3 GWh storage third stage.

Dec 17, 2024

Policy

Spain allocates €150m for 2.82 GWh of grid-scale, standalone batteries The 45 battery and thermal energy storage projects allocated European Union subsidies will add more than 779 MW/3.4 GWh of capacity to the Spanish grid.

Pilar Sanchez Molina

Dec 16, 2024

Finance

U.S. distributed energy storage provider closes $150m finance Mitsubishi UFJ Financial Group (MUFG) provided the funding to help Convergent Energy and Power advance its energy storage and solar portfolio in North America.

Dec 13, 2024

Grid-scale

U.S.: Aypa secures financing for 1 GWh Arizona battery, Averon activates 600 MWh Tesla battery Aypa Power has secured $398 million for its 250 MW/1 GWh Pediment battery energy storage system (BESS) and the first phase of Arevon's 758 MWdc solar and 300 MW/1.2 GWh Tesla Megapack BESS project is operational.

Dec 12, 2024

Finance

Nofar secures long-term, fixed-price offtake deal for 209 MWh German BESS project The tolling deal is described as the first-ever long-term, fixed-price, flexibility purchase agreement for a battery energy storage system (BESS) in continental Europe.

Dec 11, 2024

Finance

Show organizer Renmad set to recognize Italy’s energy storage pioneers pv magazine Italia spoke with ATA Insight, organizer of the Renewables Mad (Renmad) Storage Italia 2025 event, which will be held in Rome in April 2025. The two-day conference will include two storage industry awards.

Lara Morandotti

Dec 11, 2024

Distributed

Nostromo lands $305m loan guarantee for VPP project with ice storage The loan is intended to finance Project IceBrick, a virtual power plant (VPP) consisting of up to 193 cold thermal energy storage (TES) installations at commercial buildings across California.

Dec 11, 2024

Finance

Sinovoltaics updates battery energy storage system financial stability ranking The latest financial stability ranking keeps Tesla, Mustang Battery, Kung Long Batteries, Hyundai Electric and Eaton, in the top five spots in a report that includes 55 manufacturers.

Valerie Thompson

Dec 10, 2024

Industry

Germany’s Solarmax facing bankruptcy Residential PV storage systems and inverters provider Solarmax is provisionally filing for bankruptcy in Germany but will continue to operate.

Sandra Enkhardt

Dec 06, 2024

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