According to the Q1 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), energy storage installations surpassed 12GW in 2024.
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.
Energy storage developer NineDot has announced the closing of a US$65 million equipment financing supporting the purchase of up to 100MW/400MWh of batteries for use in up to 20 battery storage projects across New York City, New York, US.
Scale Microgrids and Dispatch Energy, two US commercial and industrial (C&I) distributed generation and storage providers, have secured new capital for growth through acquisition and capital commitments, respectively.
Consolidated Edison Company (ConEd) and Orange and Rockland utilities (O&R) have issued a joint Request for Proposals (RFP) for bulk energy storage and dispatch rights in New York, US.