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.
Carlyle Portfolio Company-owned developer Copia Power has closed a US$1.71 billion debt facility to fund construction of its Maricopa Energy Centre Projects.
Developer-operator TransGrid Energy has successfully secured over US$1.4 billion in financing for two battery energy storage (BESS) projects located in Arizona, US, with a combined capacity of 450MW/1,800MWh.
IPPs BrightNight and Cordelio have announced a new power purchase agreement (PPA) for a 300MW solar and 1,200MWh battery energy storage system (BESS) facility with utility Arizona Public Service (APS), in Arizona, US.
Developer and operator esVolta has completed a preferred equity transaction with investor Captona for three BESS in Texas, US, while GridStor has bought a 400MWh project in Arizona.
The US Department of Energy (DOE) Loan Programs Office (LPO) has made a conditional commitment for a loan to utility Arizona Public Service (APS), the first part of which would go towards a 600MWh BESS.
US outgoing President Joe Biden has signed a bi-partisan bill into law allowing Arizona utility Salt River Project (SRP) to move forward with a pumped hydro energy storage project.
The US Department of Agriculture (USDA) has announced US$4.37 billion in clean energy investments for rural utilities through the Empowering Rural America (New ERA) programme.
