Sunrun’s energy storage attachment rate for residential solar hit 45% in 2023
Sunrun has published its 2023 full-year results, revealing the company deployed 1.01GW of new solar in the year.
Strata secures US$559 million debt and tax equity for 1GWh Arizona BESS project
Developer-operator Strata Clean Energy has completed a US$559 million financing package for its 1.02GWh Scatter Wash BESS project in Arizona, US.
Blackstone, Arevon close financing on 800MWh BESS project for Southern California Edison
Blackstone Credit & Insurance, the newest business division of global asset manager Blackstone, has closed financing for a large-scale battery storage project in California, US, with developer Arevon.
New York governor’s working group on BESS safety recommends changes to state Fire Code
The New York State Inter-Agency Fire Safety Working Group has recommended changing the state fire code to better manage risks associated with battery storage systems installed in the US state.
New Jersey Senators seek to remedy state’s slow progress on energy storage deployment
A bill aimed at creating a pilot programme to incentivise energy storage deployment in New Jersey has advanced through the US state’s legislature after senators voted in its favour.
Sunrun ‘distributed power plant’ helps California utility ride out summer peaks amid NEM 3.0 row
Sunrun has published the results of its Peak Power Rewards system, which saw residential solar systems deployed amongst its customers provide an average of 27MW of power to the California electric grid for 90 consecutive days.
LG Energy Solution predicts 30% growth in battery demand for global ESS market in 2024
Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.
AES gets regulatory approval for 200MW, 4-hour BESS at retiring coal plant in Indiana, US
The Indiana Utility Regulatory Commission (IURC) has given its approval to a proposed large-scale battery storage project in development in the US state by AES Corporation’s regional utility subsidiary.
Regulator quashes ERCOT’s proposed state-of-charge rules for BESS
The Public Utility Commission of Texas has ordered the state’s grid operator ERCOT to rescind state-of-charge (SOC) rules requiring batteries to hold additional capacity to provide ancillary services.
Manufacturers, materials dominate Mercom 2023 list of top VC-funded energy storage companies
UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.
