Plus Power Raises USD 1.8bn For Energy Storage In Texas, Arizona
The title of this post, is the same as that of this article on Renewables Now.
These two paragraphs outline the story.
Houston-based battery systems developer Plus Power LLC unveiled on Tuesday the completion of USD 1.8 billion (EUR 1.7bn) in new financing for the construction and operation of five standalone energy storage projects in Texas and Arizona.
The financing commitments, arranged in the form of construction and term financings, letters of credit, and tax equity investments, are dedicated to five projects with a combined capacity of 1,040 MW/2,760 MWh.
Note.
- This financing indicates how those banks and financial institutions with masses of money are prepared to put that money into energy storage.
- It is also good to see, that the journalist who wrote the story has given both the output of these batteries and their storage capacity.
- I can see many deals like this being done in the next few years.
But when will we see a financing deal like this for some of the other methods of storage that are being developed?
The Anonymous Widower 