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.
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.
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.
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.
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).
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.
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.
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.
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.
Element Energy closes Series B following 2.5GWh second life EV battery procurement
California-based firm Element Energy has raised a US$28 million Series B to accelerate its proprietary BMS-enhanced second life energy storage solution, with 2.5GWh of modules secured already.