UK BESS fund Harmony Energy Income Trust (HEIT) has progressed the sale of its portfolio to the second round, a process which a source told us raises questions around listed funds’ role in the BESS industry.

The first pumped hydro energy storage (PHES) project to be built at a former coal mine in the US will receive up to US$81 million in Department of Energy (DOE) funding.

A roundup of news from Europe, with Alfen and Sermatec deploying BESS projects in Sweden and Bulgaria and new firm terralyr raising €77 million for project development and operation, starting in Germany.

Sweden-based BESS developer Ingrid Capacity will trade its BESS projects as they start to come online, CEO Axel Holmberg said, while also discussing the CEE market and fellow Swede Northvolt’s current challenges.

KKR has closed debt financing transactions with battery storage system integrator Powin and developer Peregrine Energy Solutions.

Boom Power has successfully landed planning permission for a major BESS project in Wales, UK.

Brightnight is seeking approval from the Arizona Corporation Commission to construct a generation tie-in transmission line (gen-tie) in La Paz County, Arizona.

Hecate Energy has advanced one of its standalone battery storage facilities, in Essex County, Massachusetts, US.

Luigi Resta, president of rPlus Energies, discusses the developer’s efforts to be first past the post in building new pumped hydro energy storage projects in the US with ESN Premium.

Australian investment bank Macquarie Asset Management (MAM) has agreed to acquire a significant minority stake in US independent power producer D.E. Shaw Renewable Investments (DESRI) in a deal worth up to US$1.73 billion.