Envision Energy and FERA Australia have inked an agreement to develop large-scale hybrid renewable energy projects across Australia’s National Electricity Market (NEM). The projects will have the potential to deliver upto 1 GW of wind generation capacity and 1.5 GWh of battery energy storage. The partnership between Envision Energy and FERA Australia will launch with a pilot project in Victoria
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The Minnesota Public Utilities Commission has approved two solar projects with a combined capacity of over 475 MW. The projects are the Iron Pine solar project and the Northern Crescent solar project. The Northern Crescent solar project will consist of a BESS system, which will be housed in a 3.2 acre facility using lithium iron phosphate battery technology. The Iron Pine solar project received a site permit for a 325 MW solar energy facility in Pine County.
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Battery storage adoption is accelerating in Pakistan’s residential, commercial, and industrial sectors, driven by high electricity costs and declining solar component prices. Consumers are combining solar with Battery Energy Storage Systems (BESS) to reduce grid dependence, lower energy bills, and improve reliability. This trend is expected to continue as battery economics improve. Solar with BESS has a payback period of 3-5 years in Pakistan’s residential sector despite a 48% cost increase from surcharges and duties on lithium-ion batteries.
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Lydian Energy has secured $233 million in project financing to support three battery energy storage system (BESS) projects in Texas’ ERCOT power market. ING and KeyBank backed the financing. The three projects are Pintail, Crane, and Headcamp, having a combined capacity of 550 MW. The projects are currently under construction and are expected to be placed in service in the fourth quarter of 2025.
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AMPYR has successfully achieved financial closure for the Wellington Stage 1 battery energy storage system (BESS) project in regional New South Wales (NSW). The Wellington Stage 1 BESS, with a capacity of 300 MW/600 MWh is expected to be operational by 2026. Grid connectivity will be facilitated by Lumea, which will connect the system to Transgrid’s 330 kV transmission network at Wellington. The project will be built and delivered by Fluence Energy.
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Recurrent Energy has reached commercial operations of the Papago Storage facility. The facility has a capacity of 1,200 MWh and is situated in Maricopa County, Arizona. Furthermore, the project is the first of three Recurrent Energy projects with tolling agreements in place with APS to become operational. Together, the three projects will provide 1,800 MWh of battery storage capacity and 150 MWac of solar generation.
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Gamuda Bhd (Gamuda) has inked an agreement with the Downie family to co-develop a portfolio of large-scale renewable energy projects in Central Tasmania, Australia. Under the agreement, Gamuda will take an unspecified equity stake in the portfolio. The portfolio has a combined capacity of 600 MW of wind and solar energy and up to 600 MW of battery storage. Reportedly, the project costs have not been disclosed.
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HyperStrong and Repono have partnered for 1.4 GWh of grid-scale energy storage projects across Europe by 2027. The partnership will utilise the complementary skills of the two companies required for the rapid, large-scale deployment of electricity storage.Furthermore, under the agreement, the companies will engage in joint planning and project reviews, including technical and commercial alignment on identified pipeline projects.
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China Energy Engineering Corporation (CEEC) has launched an auction for 25 GWh of lithium-iron phosphate battery systems. The tender launched by CEEC is structured into three packages totalling 25 GWh. It covers systems with durations of one, two, and four hours. Package one consists of one-hour systems with a capacity of 3 GW/3 GWh. The bids for one-hour systems ranged from CNY 0.673 to CNY 0.89/Wh, with an average bid of CNY 0.7863/Wh.
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Arevon Energy has secured the closing of a $600 million credit facility with an option to increase up to $850 million. The facility will enable the company to expand its development portfolio of solar and energy storage assets across US. The facility consists of a $350 million revolving loan and letter of credit facility and a $250 million project letter of credit facility. Furthermore, the facility also consists of provisions for green loan reporting and sustainability linked metrics.
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Globeleq, along with its project partner African Rainbow Energy, has reached a commercial close of the Red Sands battery energy storage project. It is a 153 MW/612 MWh project situated in South Africa. The commercial close for the project has been achieved by inking the project agreements with the Department of Electricity and Energy and the National Transmission Company South Africa (NTCSA).
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Despite a q-o-q decrease in storage installations, Q1 2025 new additions are the highest for any Q1 on record. Utility-scale segment additions surpass last year’s Q1 installed capacity. Q1 2025 capacity additions of 1,558 MW in the utility-scale segment represent a 57% increase over the same period last year. California led with 457 MW of installed capacity, followed by Indiana with 256 MW. Arizona and Texas added 255 MW each, and Nevada 200 MW.
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Arevon Energy has commenced commercial operations at its Peregrine energy storage project. It is a 200 MW/400 MWh battery storage project in San Diego, California. The $300 million project was developed and is fully owned and operated by Arevon. The project features modern lithium-iron phosphate batteries. Furthermore, it employed over 90 full-time equivalent personnel at the height of construction.
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BW ESS and Ibersun have formed a joint venture to develop utility-scale battery energy storage system (BESS) projects across Spain. The joint venture of the companies is targeting greenfield, four-hour duration assets. It will progress with an initial 2.2 GW pipeline of eight projects. The two companies will have equal ownership in the projects. Ready-to-Build status for the projects is expected to be achieved within two years.
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Envision Energy has executed an engineering, procurement, and construction (EPC) agreement. Under the agreement, the company will supply a 120 MW/240 MWh lithium iron phosphate battery energy storage project for Kallista Energy in Saleux, France. Construction of the project will commence in June 2025. Envision Energy will supply a minimum of a 14 year long-term maintenance agreement.
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The New Jersey Board of Public Utilities (NJBPU) has approved phase 1 of the Garden State Energy Storage Program (GSESP). It is a multi-phase program designed to deploy 2,000 MW of energy storage by 2030. The program aims to expand the amount of grid-scale energy storage capacity in New Jersey. Phase 1 of the program will procure at least 1,000 MW of larger projects directly connected to the main power grid through competitive bidding.
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Sacramento Municipal Utility District (SMUD) and DESRI have inked a long-term power purchase agreement (PPA) for the Dry Creek energy storage project. The project is a 160 MW/640 MWh battery energy storage system (BESS) situated in Sacramento County. SMUD and DESRI have jointly worked on the project. The system will be charged using renewable energy and other clean sources available on SMUD’s grid.
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DESRI has achieved financial notice to proceed, and it has commenced construction of the Catclaw solar and storage project situated in Buckeye, Arizona. The Catclaw project is a 205 MWac solar facility with a 1,000 MWh storage system. DESRI purchased the project from Avantus in 2024. BNP Paribas and Norddeutsche Landesbank Girozentrale served as coordinating lead arrangers.
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Saft will supply a battery energy storage system (BESS) for Gurīn Energy’s (Gurīn) energy storage project. The energy storage project is being developed in Fukushima, Japan. Saft will deliver a fully integrated lithium-ion battery system with a total of over 1 GWh of storage, together with power conversion and power management systems from its partners. The BESS will be installed, commissioned, and serviced by Saft.
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Soltage has secured the closing of a $260 million construction and term debt financing facility. The financing will aid the near-term deployment of solar and storage projects from Soltage’s development pipeline of over 2 GW across US. The financing structure comprises a revolving construction loan, tax equity bridge loan, and a term loan facility. The facility was structured and led by the National Bank of Canada, alongside First Citizens Bank.
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