Gridstor, a US-based developer and operator of grid-scale battery storage systems, has kicked off construction of its first project in the Texas ERCOT market.

Form Energy, the US startup behind a battery technology that aims to cost-effectively provide 100-hour duration energy storage, has closed a Series F funding round.

Stem Inc. and Energy Vault have revealed strategic changes and updates following recent listing warnings from the New York Stock Exchange (NYSE).

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

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.

UBS Asset Management has secured financing for a 730MW/1,049MWh battery storage portfolio in Texas via two commercial banks.

Taiwan Cement Corporation has increased its valuation of battery storage and electric vehicle infrastructure solutions provider New HOrizons Ahead (NHOA).

Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.

Renewables developer Clearway Energy Group has closed a US$700 million construction financing on a portfolio of solar and storage projects in California, US.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.