AIP Management has agreed to acquire an equity stake from Clearway Energy Group, in Pine Forest, a 300MWac solar PV and 200MW/400MWh battery energy storage system (BESS) project in Texas, US.

Virtual power plants (VPPs) are networks of small-scale, distributed energy resources, such as solar panels or batteries (and in some instances vehicles) which can together function as a single power plant, providing stability to the electric grid.

Battery energy storage system (BESS) developer Field has received a £200 million (US$257.96 million) investment from DIF Capital Partners.

Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.

Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.

Green Investment Group (GIG) and Shell Energy have announced a 200MW/400MWh battery storage project in Victoria, Australia.

Hecate Grid, an independent power producer (IPP) developing utility-scale battery storage assets, has raised US$98.9 million through lenders.

CO2 Battery company Energy Dome has won €17.5 million (US$18.5 million) in grant and equity financing from the European Innovation Council, the maximum amount available.

Anil Srivastava has vacated his position as CEO of Leclanché.

A group of former directors and executives at Recurrent Energy have launched development company with initial focus on battery storage.