Energy storage

D.E. Shaw Renewable Investments (DESRI) has closed acquisition and construction financing for a solar-plus-storage project in New Mexico.

The US House of Representatives' Ways and Means Committee has approved a critical portion of the Democrats' proposed $3.5 trillion spending package, which includes federal tax credit extensions and a direct-pay option, but market particpants have warned that some of the newer measures mixing social and energy policies could have "cataclysmic ramifications."

Dominion Energy Virginia has agreed to acquire a portfolio of development-stage solar and energy storage assets and signed renewable energy power purchase agreements totaling 1 GW of capacity in the state.

The sale of a roughly 480 MW portfolio of renewable energy projects in the Western Electricity Coordinating Council (WECC) market has progressed to the next phase.

Recurrent Energy and Axium Infrastructure have closed construction financing for a 1.4 GWh battery storage project in California.

The City of Chicago, Illinois has issued a request for information (RFI) for a new electricity delivery franchisee, after the city's contract with its previous franchisee expired.

EDF Renewables North America has secured a buyer for 50% stakes in a pair of solar projects that it is constructing in California.

BayWa r.e. Solar Projects, the US and Mexico renewables subsidiary of Germany's BayWa Group, has appointed a new CEO and chief operations officer.

Energy Vault, a gravity-based energy storage developer backed by SoftBank and Saudi Aramco, has agreed to go public via a merger with special purpose acquisition company Novus Capital Corp II.

Greenbacker Renewable Energy Co (GREC) has acquired a 41 MW development-stage solar project in Michigan.