Grok Ventures has provided project-level financing as the sole external investor on a US-based 5 GWh thermal energy storage system providing 50 MW of round-the-clock energy through an offtake agreement with biofuels giant, POET.
Money is coming for energy storage projects both operational, and planned, across both battery energy storage systems (BESS) and pumped storage.
Major lenders back $901 million financing for Texas solar‑plus‑storage portfolio with PPAs already signed with Google, spanning three hybrid projects.
Commercial operation reached for twin 200 MWh BESS sites supporting ERCOT’s rapidly growing power demand.
A record year, and an incredibly strong outlook for the energy storage sector.
Older storage and renewables might be incentivized to add grid stability services in Texas if current plans continue with a $25 million program.
Lion had already ordered 4.5 GWh of production from American Battery Factory, but the deal now goes further with an unspecified equity stake.
The new more modular system for homes and small businesses starts at $7,919, with some added bonuses before April 24.
Industrial battery manufacturer EnerSys is closing its legacy lead-acid facility in Tijuana, Mexico, consolidating production at its Springfield, Missouri plant, where it makes a new type of lead-acid battery it says is better suited to the demands of modern data centers.
Crusoe and Redwood Energy are scaling a microgrid in Sparks, Nevada, by using repurposed electric vehicle batteries and solar to supply additional modular data centers.
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