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Energy Storage News•7 days ago

Flatiron Energy upsizes credit facility to US$250 million for BESS portfolio

  • •Developer Flatiron Energy has doubled its credit facility to US$250 million, secured from HPS Investment Partners.
  • •This substantial financing is earmarked for the expansion and development of Flatiron Energy's Battery Energy Storage System (BESS) portfolio.
  • •The upsized credit facility signals strong investor confidence in the BESS market, facilitating accelerated deployment of energy storage projects.
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Utility Dive•7 days ago

Xcel Energy rolls out $60 billion capital spending plan

  • •Xcel Energy plans a massive $60 billion capital expenditure, including 7.5 GW of renewables, 3 GW of gas generation, and 1.9 GW of energy storage, signaling significant market opportunities for developers and equipment providers.
  • •The plan includes 1,500 miles of high-voltage transmission and $5 billion for wildfire mitigation, addressing critical grid modernization, reliability, and interconnection challenges across Xcel's service territories.
  • •This substantial investment indicates a strong utility commitment to decarbonization and grid resilience, driving demand for new generation, storage, and transmission projects, and offering new PPA opportunities for large power consumers.
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Utility Dive•7 days ago

Southern inks 7 GW of large load contracts, eyes 50 GW more

  • •Southern Company has secured 7 GW in large load contracts and is actively pursuing an additional 50 GW, signaling robust industrial and commercial demand.
  • •Data center usage within Southern Company's service territory increased by 17% year-over-year, identifying this sector as a primary driver of new load growth.
  • •This substantial increase in contracted and prospective load necessitates significant new generation capacity and transmission infrastructure development to meet future demand.
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Energy Storage News•8 days ago

Genera PR begins construction on 52MW BESS in Puerto Rico

  • •Genera PR, the primary operator of Puerto Rico's energy generation, has commenced construction on a 52MW Battery Energy Storage System (BESS) at the Cambalache Power Plant.
  • •This significant BESS project represents a critical step in modernizing Puerto Rico's grid, aiming to enhance reliability and resilience for all energy consumers, including large industrial and commercial loads.
  • •The deployment of this storage capacity by the incumbent generation operator suggests a strategic shift towards integrating more flexible resources, potentially opening new market opportunities for ancillary services and renewable energy developers.
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POWER Magazine•9 days ago

Westinghouse Enters Partnership for $80 Billion of New Nuclear Reactors

  • •Westinghouse, Cameco Corp., and Brookfield Asset Management have partnered to deploy new nuclear reactor technology across the U.S.
  • •The partnership targets at least $80 billion in new reactor projects, primarily Westinghouse AP1000 units, with significant backing from the U.S. government.
  • •This initiative signals a major, government-supported expansion of baseload nuclear capacity, impacting long-term grid stability, power supply, and emissions profiles for developers and large power consumers.
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Energy Storage News•9 days ago

Hecate cancels 650MW Staten Island, New York BESS project

  • •Hecate Energy has cancelled its 650MW Swiftsure battery energy storage system (BESS) project in Staten Island, New York.
  • •This cancellation removes a significant 650MW storage asset from New York's future capacity pipeline, potentially impacting future capacity prices and grid stability for large power consumers in the region.
  • •The unstated reasons for cancellation highlight potential, unarticulated challenges (e.g., permitting, interconnection, community opposition, financing) for large-scale BESS projects, particularly in dense urban areas like NYC, which developers must factor into risk assessments.
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Energy Storage News•9 days ago

Argentina’s first BESS tender to inform future auctions, says CAMMESA

  • •Argentina has launched its inaugural standalone Battery Energy Storage System (BESS) tender, signaling a new market for energy storage developers and IPPs.
  • •Managed by CAMMESA, this first tender is critical as its structure and outcomes will directly inform and shape future BESS auctions and procurement policies in Argentina.
  • •Developers should closely analyze the tender's terms and results to understand Argentina's evolving energy storage market, potential PPA structures, and investment landscape.
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Energy Storage News•9 days ago

Daiwa Energy & Infrastructure builds 160MWh revenue-stacking BESS in Hokkaido, Japan

  • •Daiwa Energy & Infrastructure (DEI), backed by Daiwa Securities, is developing a 160MWh battery energy storage system (BESS) in Hokkaido, Japan.
  • •The project is explicitly designed for "revenue-stacking," indicating a sophisticated market participation strategy to maximize returns from multiple grid services.
  • •This significant investment by an investment bank-backed asset manager highlights increasing financial confidence in large-scale BESS projects globally, particularly those leveraging diverse revenue streams.
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POWER Magazine•10 days ago

Data Centers Are Turning to Gas Generators for Prime Power to Eliminate Long Lead Times for Grid Connections

  • •Data centers are increasingly deploying gas generators for prime power, moving beyond their traditional backup role.
  • •This strategic shift is driven by chronic power shortages and excessively long lead times for grid interconnections across North America.
  • •Data center developers are prioritizing speed to market and operational certainty by investing in on-site generation to bypass grid bottlenecks.
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Energy Storage News•10 days ago

‘Terna is the big winner’: Taking stock of Italy’s MACSE auction

  • •Italy's TSO, Terna, successfully procured 10GWh of long-term electricity capacity through the MACSE auction.
  • •The auction resulted in 'extremely low prices' for the procured capacity, making Terna the primary beneficiary.
  • •This outcome signals a highly competitive market environment for energy storage and capacity developers in Italy, potentially impacting project profitability.
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Energy Storage News•11 days ago

Australia’s Cheaper Home Batteries Program reaches 2GWh of storage capacity

  • •Australia's 'Cheaper Home Batteries Program' has achieved over 100,000 installations, deploying 2GWh of subsidized distributed energy storage capacity for households and small businesses.
  • •This significant deployment signals strong government policy support for behind-the-meter storage, creating a robust market for battery OEMs and installers.
  • •The 2GWh of distributed capacity represents a growing pool of flexible resources that can be aggregated into Virtual Power Plants (VPPs), impacting peak demand, grid stability, and creating new revenue streams for developers and IPPs.
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Energy Storage News•14 days ago

South Korean government investment in US BESS developer ‘reflects shared commitment to reliable, affordable power’

  • •US BESS developer Peregrine Energy Solutions secured US$130 million in investment, notably including capital from the South Korean Ministry of Environment.
  • •This significant international funding signals strong confidence in the growth and profitability of the US battery energy storage market for developers.
  • •Increased capital for BESS developers will likely accelerate the deployment of storage projects, enhancing grid reliability and potentially stabilizing energy prices for large power consumers.
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Energy Storage News•14 days ago

VIDEO: Demystifying the BESS metrics that matter most, from SoC and SoH to cell imbalance and RTE

  • •A Wärtsilä-sponsored webinar will demystify critical BESS metrics including State of Charge (SoC), State of Health (SoH), cell imbalance, and Round Trip Efficiency (RTE).
  • •For developers and large power consumers, understanding these BESS performance metrics is essential for optimizing system operation, predicting asset longevity, and ensuring project economic viability.
  • •The session aims to provide practical insights into managing and interpreting BESS data, directly impacting operational efficiency, revenue streams, and long-term asset value for storage projects.
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Energy Storage News•15 days ago

Raffeisen pension fund joins EBRD, EU on large-scale Croatia BESS and VPP investment

  • •A €16 million (US$18.5 million) project in Croatia will combine large-scale Battery Energy Storage Systems (BESS) with a Virtual Power Plant (VPP).
  • •The investment is backed by a diverse consortium including a Raffeisen pension fund, the European Bank for Reconstruction and Development (EBRD), and the EU Modernisation Fund, signaling strong institutional confidence in hybrid energy solutions.
  • •This project highlights the increasing financial viability and market maturity for grid-scale battery storage and VPPs, offering developers a model for securing diverse funding.
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Energy Storage News•15 days ago

CATL’s Q3 ESS battery shipments reach 36GWh, market share ‘impacted by capacity constraints’

  • •CATL, the world's largest lithium-ion battery supplier, shipped 36GWh of ESS batteries in Q3.
  • •Despite recovering revenue growth, CATL's market share was impacted by its own capacity constraints, indicating robust demand for energy storage.
  • •This suggests potential supply tightness and pricing pressure for battery energy storage systems (BESS) components in the near term for developers and large power consumers.
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Energy Storage News•16 days ago

South Australia launches first capacity tender for 700MW of long-duration energy storage

  • •South Australia has initiated its first Firm Energy Reliability Mechanism (FERM) tender, targeting 700MW of long-duration energy storage (LDES) capacity.
  • •This new policy mechanism creates a significant market opportunity for LDES developers to secure capacity contracts and contribute to grid stability.
  • •The tender aims to enhance grid reliability and facilitate the integration of intermittent renewable energy sources, benefiting large power consumers with more stable supply.
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