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Transferability and the Inflation Reduction Act (IRA) have opened up tax equity financing to the wider corporate world, but significant risks remain with so many new entrants, tax credits specialist Foss & Company told Energy-Storage.news.

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.

This edition of news in brief from around the world in energy storage includes Enel X, NineDot Energy and Nissan.

In the rapidly growing but still relatively new battery energy storage sector, equipment procurement and integration for large projects presents numerous risks.

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

Sungrow will provide Spearmint Energy with more than a gigawatt-hour of battery energy storage system (BESS) technology after signing an agreement with the US developer.

Update 28 August 2024: Redwood Coast Energy Authority (RCEA) voted to continue being part of the ESSA, as did CC Power.

In this Q&A, Enel North America CEO Paolo Romanacci discusses the IPP’s operational BESS projects, pipeline and deployments as well as his views on wider US industry challenges.

US solar PV and energy storage project developer Intersect Power has closed two financing deals worth US$837 million for three battery energy storage system (BESS) projects.