Jupiter Power, a leading developer of utility-scale battery energy storage systems, has secured a $225 million corporate credit facility to accelerate the growth of its impressive energy storage portfolio across the United States. This significant investment underscores the company’s commitment to advancing clean energy solutions and its leadership position in the rapidly expanding energy storage market.
Energy Vault Holdings, Inc. (NRGV) stock surged on Monday after the company secured a significant $350 million deal with Enervest Group in Australia. The agreement involves the deployment of a massive 1,000 MWh battery energy storage system (BESS) at the Stoney Creek site in New South Wales, Australia. This strategic partnership signifies a key step in enhancing grid reliability and accommodating the growing renewable energy sector in Australia.
Trina Storage, a global leader in energy storage solutions, has successfully connected and commissioned its 40MWh battery storage system in Maldon, Essex, UK, in partnership with Eku Energy. This project marks Eku Energy’s first commercially operational battery storage project in the UK and provides crucial ancillary and balancing services to the UK grid, enhancing its flexibility and stability.
SolarEdge Technologies and Pacific Energy are driving Australia’s energy transition with a groundbreaking partnership, delivering over 55MWh of battery energy storage systems (BESS) and having over 66MWh more in the pipeline. This collaboration is enabling the decarbonization of Australia’s mining and utility sectors, supporting grid stability and facilitating the integration of renewable energy sources.
Sprocket Power has installed state-of-the-art microgrids at three Westchester County auto dealerships, showcasing a new model for energy efficiency, resilience, and sustainability in the automotive industry. These microgrids, powered by solar energy and battery storage, not only reduce carbon footprints and costs but also ensure operational reliability during power outages.
Energy Toolbase and Stellar Solar have teamed up to implement an advanced energy management solution at a 23-acre transportation terminal in Mira Loma, California. Utilizing Energy Toolbase’s Acumen EMS controls software and BYD’s battery solutions, the project aims to significantly reduce demand charges and optimize energy consumption, resulting in substantial cost savings for the facility.
SolaREIT, a renewable energy real estate investment company, has secured a long-term debt facility with MetLife Investment Management (MIM), enabling the company to expand its real estate financing solutions for solar and battery storage (BESS) developers. This strategic partnership will provide developers with competitive financing options, including land purchases, lease purchases, and land loans, contributing to the growth of the clean energy market.
Hopkins Homes, a leading housebuilder in the UK, has become the first to offer a groundbreaking 10-year Zero Bills guarantee on select eco-homes, marking a significant step towards sustainable living. This unprecedented initiative, powered by enhanced battery storage systems, provides homeowners with a decade of assured energy cost savings and solidifies Hopkins Homes’ commitment to environmentally responsible housing.
TruGrid, a new utility-scale EPC contractor specializing in battery energy storage systems (BESS) and solar projects, has launched. Based in Houston, Texas, TruGrid is dedicated to providing turnkey projects and O&M services with speed, accuracy, and safety. The company highlights its focus on battery integration technology for seamless and rapid project commissioning.
CPS Energy, the largest municipally owned utility in the US, has signed contracts for 350 MW of battery energy storage, bringing its total contracted capacity to 400 MW. This move supports the utility’s Vision 2027 plan to ensure reliable and affordable energy for its growing community. The new projects, located in South Bexar County, Texas, will be operational by the first half of 2026 and are expected to contribute to grid resilience and economic development.
