The global energy storage market is witnessing a significant surge, with deployments in 2023 tripling compared to the previous year and forecasts anticipate continued growth in 2024. That’s according to the latest report by BloombergNEF, […]
“Total corporate funding for energy storage, smart grid, and efficiency companies in 9M 2022 was record USD 25 billion compared to USD 15.1 billion raised in 9M (January-September) 2021,” the global clean energy consulting firm […]
Vertically integrated solar PV and clean energy company Qcells has closed a US$150 million financing deal for its first large-scale standalone battery energy storage system (BESS) project. The company announced yesterday that it had secured […]
Proposals for two large-scale battery storage facilities have been put before decisionmakers at Riverhead Town Council on New York’s Long Island. Plans for the projects are under review and comprise a 100MW/200MW battery energy storage […]
Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA), which Joe Biden signed into law yesterday. The company announced plans […]
Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW. The debt […]
A leaked draft version of RePower EU, the policy strategy designed to liberate the European Union from ties to Russian fossil fuel imports, includes no mention of energy storage. The draft, seen by Energy-Storage.news, is […]
Even before Russia’s invasion of Ukraine, the global energy market was struggling with supply and governments were pushing for an energy transition. As oil and gas prices continue to soar investment in renewable energy is […]
SAN JOSE, Calif.–(BUSINESS WIRE)–Bloom Energy Corporation (NYSE: BE) today announced financial results for its first quarter ended March 31, 2021. First Quarter Financial Highlights Revenue of $194.0 million in the first quarter of 2021, an […]
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