“This solution is fully bankable and financeable in the States,” says Terry Chen, VP of Trina Solar North America.

A total of US$17.6 billion was invested in the energy storage industry across 83 announced deals in the first nine months of the year, according to comms and market intelligence firm Mercom.

We hear from battery energy storage system (BESS) investor BW ESS about its recent seven year tolling deal in the UK, the longest seen yet in the market.

The US industry’s prolific recent run of developers raising significant financing continues with announcements from Aypa Power and Hunt Energy Network.

US solar PV and energy storage project developer Intersect Power has closed two financing deals worth US$837 million for three battery energy storage system (BESS) projects.

Renewables developer rPlus Energies has secured more than US$1 billion for a 400MW solar-plus-storage project In Utah, US.

Recurrent Energy has closed US$513 million financing on a battery storage project in Arizona, US, which has a 20-year utility tolling agreement in place.

Denmark-headquartered independent power producer (IPP) Ørsted and investment bank JP Morgan have closed a tax equity financing of US$680 million for solar and storage projects in the US.

A roundup of large-scale solar and storage news from across the US, with RWE buying three projects from Galehead Development, Origis Energy securing US$300 million for its pipeline and Appalachian Power launching an RFP for 1.1GW of renewables and storage.

Renewable energy developer and operator Apex Clean Energy has completed a US$150 million financing with First Citizens Bank for two ERCOT, Texas battery energy storage system (BESS) projects.