Vistra to write off US$400 million from Moss Landing BESS
Utility and power generation firm Vistra will write down the value of its Moss Landing BESS to the tune of US$400 million in depreciation expense, its entire remaining book value.
‘Phase-out of ITC/PTC in 2025 is our base case’: Future of US clean energy tax credits hangs in the balance under Trump
Trump’s budget reconciliation bill looks like it could take aim at the current tax credits for downstream clean energy projects, and Clean Energy Associates’ base case is that they will be phased out by the end of the year.
‘Foundational’ market shifts affecting BESS in CAISO and ERCOT coming in 2025
There will be ‘foundational’ shifts in the US’ two largest renewables and energy storage markets this year, California (CAISO) and Texas (ERCOT), significantly affecting battery storage market participation.
‘We will keep investing in the US’: LG Energy Solution Vertech on BESS manufacturing strategy
ESN Premium discusses the ongoing adaptation of EV battery lines to stationary storage applications with Jaehong Park, CEO of LG ES Vertech.
Local residents lose legal battle against NextEra over 1GWh BESS in US state of Georgia
A legal challenge against NextEra Energy Resources (NEER) over the construction of a 250MW/1,000MWh standalone BESS in Georgia has been dismissed by the Superior Court of Fulton County, after several months of litigation.
Over 10GWh of grid-scale BESS deployed globally in February, Europe’s contribution increases
February 2025 saw around 4.5GW/10.5GWh of grid-scale BESS deployments globally, with China continuing to account for the majority but Europe increasing its share from January.
NextEra and SJCE renegotiate offtake agreement for CAISO-related BESS after interconnection delays
In light of lengthy interconnection delays, independent power producer (IPP) NextEra Energy Resources (NEER) has successfully renegotiated the terms of an offtake agreement associated with one of the developer’s solar and storage projects located in Clark County, Nevada.
Samsung SDI confirms multi-project energy storage supply deal with NextEra
Samsung SDI will supply energy storage systems (ESS) to US energy holding company and project developer-owner NextEra.
Florida Power & Light to spend US$3.8 billion on new BESS in 2026-2027, launches LDES pilot
Florida’s largest utility, Florida Power & Light (FPL), is ramping up its energy storage ambitions across the Sunshine State, with plans to deploy over 2.2GW of new BESS between 2026 and 2027.
Moss Landing ‘is not a market-moving event’ for BESS insurance
We caught up with a partner at insurance broker Lockton about recent developments in the space, including the ramifications – or lack thereof – of the recent Moss Landing fire on insuring BESS projects going forward.
