Trina Storage has joined forces with FlexGen Power Systems to deliver a 371 MWh battery energy storage system (BESS) in Houston, Texas, US. The project features Trina Storage’s advanced Elementa 2 solution. The project was developed by SMT Energy. FlexGen will provide system integration services and implement its HybridOS energy management software, streamlining system management and boosting operational efficiency.
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Spearmint Energy has secured over $250 million in financing for two 100 MW/200 MWh battery energy storage systems (BESS). These are the Tierra Seca and Seven Flags projects situated in Del Rio and Laredo, respectively within Texas’s ERCOT power market. Furthermore, this financing includes $59 million in construction-to-term loan facilities provided by Manulife and $95 million in tax equity bridge loan facilities provided by East West Bank.
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Eku Energy has acquired Bluestone Energy’s battery energy storage systems (BESS) portfolio in the UK. The acquisition consists of seven BESS projects with a combined capacity of 1 GW/2 GWh. Some of these projects are a 98 MW/196 MWh project at Leatherhead in Surrey, another 98 MW/196 MWh project in Dorset, and two 240 MW projects, one near the village of Ninfield in East Sussex and another near Rochester in Kent.
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Matrix Renewables, through a partnership with Green BESS Developments (UK) Limited, has entered into the UK market. Through this partnership, the companies will take forward the development of two standalone battery energy systems (BESS) projects in Scotland. The two projects are Eccles and Kilmarnock and will deliver a combined capacity of 1 GW/2 GWh. Grid connection of the projects is expected to take place in 2027.
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Sunraycer Renewables (Sunraycer) has reached the closing of a $475 million project financing facility with MUFG Bank, Ltd., Nomura Securities International, and Norddeutsche Landesbank Girzonentrale. This brings the total amount raised by Sunraycer to $675 million over the last six months. This financing facility is split between a construction-to-term loan and a tax credit bridge loan. The projects in total have 241 MWac of solar and 125 MWac of storage capacity
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Atlas Renewable Energy (Atlas) and Colbún have inked a power purchase agreement (PPA) for a battery energy storage system (BESS) project located in the Antofagasta Region, Chile. The project will have an installed capacity of 230 MW and a storage capacity of 920 MWh per day. This is a 15 year PPA and allows Atlas to build the BESS project and Colbún to acquire the project’s energy supply.
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Kona Energy has secured a capacity market contract approximately worth €40 million for the Smeaton project. This is a 228 MW/456 MWh battery energy storage system project (BESS) situated in East Lothian, Scotland. This was achieved after securing planning consent for the site. Furthermore, capacity market agreement was secured in the T-4 auction which is a government-backed mechanism ensuring electricity supply during peak demand.
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AIP Management has inked an agreement to acquire a 49.99 per cent equity stake in Pine Forest. This project from Clearway Energy Group consists of a 300 MWac solar photovoltaic system and a 200 MW/400 MWh battery energy storage system. The total investment for the project is around $ 200 million. Furthermore, this project is located in the ERCOT North market region. The project is currently under construction.
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Copenhagen Infrastructure Partners (CIP) has entered into a partnership with GC Storage Services (GCSS) for a 2.3 GW pipeline of large-scale battery energy storage system (BESS) projects in Italy. This partnership was formed using CIP’s flagship fund CI V. Furthermore, these projects are located across Northern and Southern Italy, with the first project anticipated to be ready-to-build in 2025.The supportive regulatory policies of Italy allow CIP to deliver such projects in the country.
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Nofar USA (Nofar) and Qcells have inked an agreement for the development and construction of two battery energy storage system (BESS) projects. These two projects will have a combined capacity of 350 MW and a 2 hour duration. The projects are Bracero Pecan with a capacity of 230 MW/460 MWh situated in Reeves County and Fairway with a capacity of 120 MW/240 MWh in Freestone County. These projects are in the final stages of interconnection approvals.
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Zelestra and Abastible have inked a long-term power purchase agreement (PPA) for the sale of electricity from 100 per cent renewable sources. Under this agreement, the companies will utilise a tailor-made energy solution that consists of a 220 MWdc solar PV plant and a 1 GWh battery energy storage system. Furthermore, this hybrid plant is situated in Tarapacá, Chile, and has already commenced construction.
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DTE Energy has issued a request for proposal (RFP) for standalone energy storage projects with a capacity of approximately 450 MW. These projects will support DTE Electric’s CleanVision Integrated Resource Plan and Michigan’s goal of achieving 60 per cent renewable energy by 2030. These projects must be located in Michigan and connected to the Midcontinent Independent System Operator (MISO) or distribution-level transmission.
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Quinbrook Infrastructure Partners (Quinbrook) has reached financial close of debt financing for Cleve Hill Solar Park (Cleve Hill). This is a solar plus battery storage project currently under construction. The project has a solar capacity of 373 MW and a storage capacity of 150 MW and is expected to commence operations in 2025. Furthermore, the project financing combines a GBP 218.5 million term loan and a GBP 20 million VAT facility.
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Ark Energy has inked a supply contract with Hanwha Energy for its Richmond Valley Solar & BESS project in New South Wales. This contract focuses on manufacturing, delivery, and installation of a lithium iron phosphate battery with a 275 MW power capacity and an energy storage capacity of up to 2,200 MWh over eight hours. Furthermore, under this contract, Hanwha Energy will provide Ark Energy with a complete BESS solution, including batteries and inverters.
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Voltalia has inked a power sales agreement for its hybrid project in Uzbekistan. This hybrid project comprises 126 MW of solar energy, 300 MW of wind power, and 100 MW/200 MWh of battery storage. The agreement extends for 25 years for the wind and solar projects and for 15 years for the storage projects. Furthermore, the construction phase is set to begin in the first quarter of 2026 for solar and storage projects and in the third quarter of 2026 for wind power.
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SMT Energy has secured financing for a 160 MW/320 MWH battery energy storage system project (BESS) named SMT Houston IV in Houston. The project is expected to begin commercial operations in the second quarter of 2026. Macquarie Group and KeyBanc Capital Markets were key arrangers in a $100 million financing facility for the project.
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Eku Energy has secured a NSW long duration storage long-term energy service agreement from AEMO Services. The agreement is for a 100 MW/ 800 MWh Griffith battery energy storage system (BESS) in Yoogali, within the Griffith local government area (LGA) of New South Wales. The project will provide an eight-hour-duration storage capacity to store excess renewable energy and dispatch it during periods of high demand.
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Arevon Energy has completed financing for its 200 MW/ 400 MWh Peregrine energy storage project. Peregrine is a battery energy storage system (BESS) project located in the Barrio Logan community of San Diego, California. Arevon secured a $179 million debt package for the project, which will serve as a bridge to a preferred equity and tax credit transfer takeout. Furthermore, Santander acted as the administrative agent and coordinating lead arranger, along with CoBank and ACB, for the project.
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AMEA Power has inked an agreement with the Egyptian Electricity Transmission Company (EETC) to develop two standalone battery energy storage systems (BESS). These systems will have a combined capacity of 1500 MWh. As part of this agreement, AMEA Power will construct a 500 MWh station in Benban and a 1000 MWh station in Zafarana. Furthermore, this project also consists of substations and grid connections for efficient integration of stored energy into the national electricity network.
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Akaysha Energy has inked a long-term offtake agreement with Gunvor Group for its large-scale battery energy storage system (BESS) project. The agreement includes a risk-hedging offtake product known as a battery revenue swap agreement which will ensure revenue certainty for the project. The project is currently under construction and is expected to begin operations by 2026. It will be able to charge from excess solar generation and store enough energy to power approximately 200,000 homes for up to two hours.
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