Biggest projects, financing and offtake deals in the energy storage sector in 2022 (so far)
A roundup of the biggest projects, financing and offtake deals in the sector that Energy-Storage.news has reported on this year.
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Fluence expects EBITDA breakeven in 2024, angles for IRA incentives with product strategy
Fluence executives said the company is on track to grow its revenues by almost a third on a “multi-year” basis, leading it to break even on an EBITDA basis in 2024.
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New Zealand energy generator-retailer Meridian proceeds with 100MW/200MWh BESS project
New Zealand state-owned energy company Meridian Energy has committed to the construction of a 100MW battery energy storage system (BESS), to be provided by Saft.
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Independent power producer ILOS Projects raises €500 million for European solar, storage pipeline
German independent power producer (IPP) ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG, intended to fund ILOS’s plans for over 2GW of solar and battery storage capacity by 2026.
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ARENA pledges funding support to 4.2GWh of battery storage across Australia
Eight large-scale battery energy storage system (BESS) projects in various parts of Australia have been selected to receive funding support worth AU$176 million (US$118.07 million).
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Mitsubishi Power deploying 600MWh of battery storage for Origis in Southeast US
The power solutions arm of Mitsubishi Heavy Industries will deploy three co-located battery storage projects for Origis Energy in the Southeast United States.
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Acciona Energia buys 380MWh ERCOT battery storage project from Qcells
Spain-based renewable energy firm Acciona Energia has acquired a two-hour energy storage system in ERCOT, Texas, from Qcells.
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UK BESS investor Gore Street reports strong financials despite macroeconomic headwinds
Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.
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Firms Claritas and Hynfra to deploy 500MW of energy storage in Poland
Investor Claritas and system integrator Hynfra Energy Storage (HES) have signed a framework agreement to deploy half a gigawatt of utility-scale battery energy storage in Poland.
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