Adapting transmission infrastructure and accurately valuing energy storage are the major challenges to deployments in the US today, said panellists on the Keynote discussion at Energy Storage Summit USA today.
Developer Spearmint Energy has acquired a portfolio of battery energy storage system (BESS) projects totalling 900MW in the ERCOT, Texas market, set to come online in 2025.
Developer Available Power and Linxon, a joint venture between engineering firm SNC-Lavalin and Hitachi Energy, are targeting 1GW of battery storage projects in the ERCOT, Texas market.
The US utility-scale battery storage sector achieved its highest-ever annual deployments in 2022, a year in which solar PV and wind underperformed against expectations.
Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act’s new tax credit incentives (ITC).
Investment firms Castlelake and Gore Street Capital have acquired respective battery storage projects in the ERCOT, Texas market totalling nearly 600MW of storage capacity.