Stem: Full-year positive EBITDA in 2024 to follow Q4’s ‘milestone achievement’
US energy storage provider and renewable asset management services group Stem Inc. has confirmed guidance that it will be EBITDA positive throughout 2024.
US DOE allocates US$366 million for renewables projects in rural and remote areas
The projects cover different types of clean energy, including solar, battery energy storage systems (BESS) and microgrids.
EDF Renewables and Southern California Public Power Authority sign PPA for Bonanza solar-plus-storage plant
EDF Renewables has signed a PPA with SCPPA to sell some of the power generated from its upcoming 300MWac Bonanza solar-plus-storage project.
Canada Infrastructure Bank loan enables Indigenous communities to hold stake in energy storage projects
Energy Storage Canada (ESC) is “thrilled” that the Canada Infrastructure Bank’s (CIB’s) investment into a large-scale battery storage portfolio will enable Indigenous communities to hold a stake in it.
Thermal energy storage startup Antora raises US$150 million for industrial decarbonisation
US$150 million has been raised in a Series B by Antora Energy, a US-based startup with a novel ‘thermal battery’ technology claimed to be suitable for decarbonising industrial processes.
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.
