Mercom: Energy storage companies raise $2.3 billion in Q1 2026
Venture capital funding increased year-on-year, with a 44% jump in deal count. Project acquisitions grew by 227%, with 7.2 GW in total acquired compared to 2.2 GW in Q1, 2025.
Speed is the new currency in utility-scale solar
Project timelines are accelerating for utility-scale energy projects as demand in the U.S. continues to skyrocket. What can project developers do to mitigate risks while striving to meet critical deadlines?
Ford Energy announces DC block utility-scale BESS based on 512 Ah LFP cells
The automotive giant has formally unveiled Ford Energy, its new battery energy storage subsidiary, alongside initial details of its flagship grid-scale energy storage product.
SEIA names former Minnesota Governor Tim Pawlenty as president and CEO
The Solar Energy Industries Association announced the former governor and Financial Services Roundtable executive will succeed interim leader Darren Van’t Hof effective June 15.
U.S. transformer market faces severe supply constraints as lead times extend to four years
Severe shortages of power transformers are stalling grid expansion as developers face skyrocketing prices and four year wait times for critical equipment.
Data centers are outgrowing the grid. Solar is filling the gap.
Faced with an increasingly congested grid and skyrocketing energy demands, data center developers are shifting toward solar-plus-storage as a logistically viable, essential solution for securing reliable power on a market-ready timetable.
Hawaii legislator passes bill to cut renewable energies tax credit
SB3125 amends Hawaii’s Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, a sunset date and a certification requirement.
Solar developer seeks connection to wrong powerline, delays project five years
The OFW Solar Project in Virginia submitted an application to connect to powerlines run by the wrong power company, instead of a second set of nearby transmission lines, necessitating a total restart of the PJM interconnection process that could push construction back to 2032.
Connecticut Legislature passes solar bill to extend incentives, streamline permitting, authorize plug-in solar and more
Legislators moved to pass HB 5340 just hours before the end of the 2026 session of May 6, sending the bill with its wide range of energy provisions to the desk of Governor Ned Lamont for his signature.
BloombergNEF confirms energy storage has reached the 100 GW era
A record year, and an incredibly strong outlook for the energy storage sector.
