Trump’s dampening effect on US investor sentiment could lead to a flight to quality while tariffs will cause a surge in orders this year, writes Tao Kong, managing partner of developer Luminous Energy.
Developer Peregrine Energy Solutions has secured US$168 million for a 150MW battery energy storage system (BESS) currently under construction.
California community choice aggregator (CCA) utility Central Coast Community Energy (3CE) has announced a request for proposals (RFP) to meet its renewable portfolio standard.
Jupiter Power and Recurrent Energy have secured a combined US$469 million financing for BESS projects in Michigan and Texas, US totalling 1GWh.
California governor Gavin Newsom has taken steps to accelerate the 300MW Cornucopia Hybrid Project in Fresno County, California, US.
According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
This year will see a shift in focus in the US market beyond the two leading states of California (CAISO) and Texas (ERCOT), BESS owner-operator Zenobē says.
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.
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.
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.
