Connection

popular articles

EIB grants RWE €1.2 billion for Thor wind farm
RWE Strengthens Position with Four New Wind Projects in France
Eco Wave Power wins EDF Pulse award for its wave energy technology
RWE launches 8.5 MW solar power plant in Poland
Eni obtains crucial approvals for gas projects in Indonesia

Aypa Power secures USD 323 million for Kuna energy storage project

Aypa Power secures USD 323 million to finance Idaho's largest battery energy storage project, marking a major step forward for clean energy in the state.

Please share:

Aypa Power, a Blackstone subsidiary specializing in large-scale energy storage and renewable energy projects in North America, announces the securing of USD 323 million for its energy storage project in Kuna, Idaho.
This 150 megawatt (MW) / 600 megawatt-hour (MWh) project will be the largest in the state when it becomes operational in mid-2025.

Project financing

The financing includes a 233 million USD green loan, covering a construction and term loan, a tax credit bridging loan and a letter of credit facility.
In addition, the project secured USD 90 million in tax credits, bringing the total to USD 323 million.
ING Capital LLC, Société Générale, and Industrial and Commercial Bank of China Limited, New York Branch, are leading the debt financing, with Deutsche Bank Trust Company Americas as administrative agent and U.S. Bank as depositary and collateral agent.

Partners and leadership

U.S. Bank subsidiary U.S. Bancorp Impact Finance led the investment in tax credits. Moe Hajabed, CEO of Aypa Power, underlines the importance of these investments for the large-scale deployment of energy storage technologies, essential to the energy transition.

Economic and social impact

The Kuna project entered into a long-term energy storage agreement with Idaho Power in April 2023.
Scheduled to meet Idaho’s capacity needs in 2025, it is expected to create over 150 prevailing wage jobs during peak construction and generate around USD 30 million in local economic development over its operational life.

Sector outlook

The Kuna project represents a key step in supporting Idaho’s clean energy portfolio. It meets the state’s growing energy needs, including those of data centers and other industrial users, while stabilizing the power grid with a reliable, sustainable source. This initiative could serve as a model for other similar projects across the United States, demonstrating the importance of public-private partnerships and capital investment in renewable energy and energy storage.
Aypa Power’s announcement of secured financing for the Kuna project underscores a significant step forward in the adoption of energy storage technologies, facilitating the transition to a cleaner, more sustainable energy future.

Register free of charge for uninterrupted access.

Publicite

Latest news

The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The EU Introduces a CO2 Label for Air Travel
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
National Grid: a record £35 billion investment to modernize the UK’s electricity grid

Recently published in

Richmond Enzinc secures 8 million dollars to accelerate energy storage

The California-based company Enzinc raises 8 million dollars to expand its battery technology, offering a solution to optimize global energy storage capacity in the context of energy transition.
Eos Energy signs a 400 MWh contract with IEP for Camp Pendleton in California
Eos Energy and IEP collaborate on a 400 MWh project at Camp Pendleton, supported by California, to strengthen energy security and strategic resilience in the region.
en_1140960540
Eos Energy signs a 400 MWh contract with IEP for Camp Pendleton in California
Eos Energy and IEP collaborate on a 400 MWh project at Camp Pendleton, supported by California, to strengthen energy security and strategic resilience in the region.
en_1140960540
Alternus Clean Energy acquires LiiON to strengthen its energy storage capabilities
Alternus Clean Energy finalizes the acquisition of LiiON, a key player in advanced energy storage solutions, to diversify its activities and strengthen its portfolio of strategic clients like Amazon and Walmart.
en_1140896540
Alternus Clean Energy acquires LiiON to strengthen its energy storage capabilities
Alternus Clean Energy finalizes the acquisition of LiiON, a key player in advanced energy storage solutions, to diversify its activities and strengthen its portfolio of strategic clients like Amazon and Walmart.
en_1140896540
Envision Energy signs the largest battery energy storage contract in South Africa
Envision Energy will deliver 257 MW of capacity and 1028 MWh of energy storage as part of the BESIPPPP program, marking a key step in South Africa's energy transition.
en_1140904540
Envision Energy signs the largest battery energy storage contract in South Africa
Envision Energy will deliver 257 MW of capacity and 1028 MWh of energy storage as part of the BESIPPPP program, marking a key step in South Africa's energy transition.
en_1140904540

Nanoramic raises $44 million to revolutionize the battery sector with Neocarbonix®

The American startup Nanoramic, specializing in advanced battery technologies, has raised $44 million with support from GM Ventures, Catalus Capital, and Samsung Ventures to accelerate the commercialization of its innovative Neocarbonix® technology.
Rio Tinto invests $2.5 billion to boost lithium production in Argentina
Rio Tinto announces a $2.5 billion investment to multiply its annual lithium carbonate production in Argentina twentyfold. This strategic project supports the global energy transition.
en_1140877540
Rio Tinto invests $2.5 billion to boost lithium production in Argentina
Rio Tinto announces a $2.5 billion investment to multiply its annual lithium carbonate production in Argentina twentyfold. This strategic project supports the global energy transition.
en_1140877540
EVE Energy revolutionizes the industry with the first 628 Ah battery produced at scale
EVE Energy achieves a breakthrough milestone by mass-producing the first 628 Ah battery. With cutting-edge technology and an innovative 60 GWh factory, the company establishes itself as a key player in the global energy storage market.
en_1140883540
EVE Energy revolutionizes the industry with the first 628 Ah battery produced at scale
EVE Energy achieves a breakthrough milestone by mass-producing the first 628 Ah battery. With cutting-edge technology and an innovative 60 GWh factory, the company establishes itself as a key player in the global energy storage market.
en_1140883540
Lithium: Why Bolivia Struggles to Establish Itself in the Global Race
Bolivia, rich in lithium resources, struggles to compete with its "lithium triangle" neighbors. Despite recent projects, technical and institutional challenges hinder its development in this strategic sector.
en_1140868540
Lithium: Why Bolivia Struggles to Establish Itself in the Global Race
Bolivia, rich in lithium resources, struggles to compete with its "lithium triangle" neighbors. Despite recent projects, technical and institutional challenges hinder its development in this strategic sector.
en_1140868540

Nofar Energy signs a groundbreaking energy storage contract in Germany

Nofar Energy has concluded a 7-year fixed-price agreement for its Stendal project in Germany. This structuring contract marks a key milestone for the energy storage sector in Europe.
EVLO delivers its first energy storage system in California for a 12 MW project
Canadian provider EVLO, a subsidiary of Hydro-Québec, has delivered a 12 MW/64 MWh battery energy storage system for a group of buyers in California, with commissioning scheduled for spring 2025.
en_1140827540
EVLO delivers its first energy storage system in California for a 12 MW project
Canadian provider EVLO, a subsidiary of Hydro-Québec, has delivered a 12 MW/64 MWh battery energy storage system for a group of buyers in California, with commissioning scheduled for spring 2025.
en_1140827540
Germany and Serbia: A Strategic Partnership for Lithium Extraction
Germany and Serbia join forces to exploit Europe’s largest lithium reserves. A key challenge for the European automotive industry amid its transition to electric vehicles.
en_1140831540
Germany and Serbia: A Strategic Partnership for Lithium Extraction
Germany and Serbia join forces to exploit Europe’s largest lithium reserves. A key challenge for the European automotive industry amid its transition to electric vehicles.
en_1140831540
Bulgaria: Energy Storage Project Call Oversubscribed by 4.3 Times
The call for autonomous energy storage projects in Bulgaria received proposals totaling €2.55 billion, 4.3 times the allocated budget of €581 million. However, access to funding remains uncertain.
en_1140814540
Bulgaria: Energy Storage Project Call Oversubscribed by 4.3 Times
The call for autonomous energy storage projects in Bulgaria received proposals totaling €2.55 billion, 4.3 times the allocated budget of €581 million. However, access to funding remains uncertain.
en_1140814540

Battery Profitability: Australia Benefits from Energy Price Volatility

The rise in energy price volatility is boosting battery investments in Australia, strengthening their key role in the energy transition.
Inauguration in Saint-Avold: A 44 MWh Energy Storage Facility Comes Online
The Moselle region welcomes the "fourth largest" energy storage facility in France, a key step toward integrating renewable energy and managing the grid effectively.
en_1140793540
Inauguration in Saint-Avold: A 44 MWh Energy Storage Facility Comes Online
The Moselle region welcomes the "fourth largest" energy storage facility in France, a key step toward integrating renewable energy and managing the grid effectively.
en_1140793540
Stellantis partners with Zeta Energy for groundbreaking lithium-sulfur batteries
Stellantis and Zeta Energy launch a partnership to develop lithium-sulfur batteries. Promising lightweight construction, extended range, and reduced costs, this technology could transform the electric vehicle industry by 2030.
en_1140765540
Stellantis partners with Zeta Energy for groundbreaking lithium-sulfur batteries
Stellantis and Zeta Energy launch a partnership to develop lithium-sulfur batteries. Promising lightweight construction, extended range, and reduced costs, this technology could transform the electric vehicle industry by 2030.
en_1140765540
A 120 MW Energy Storage Project Signed Between CPS Energy and OCI Energy
CPS Energy and OCI Energy partner to develop a 120 MW/480 MWh energy storage system in Bexar County, Texas, as part of the Vision 2027 plan to strengthen San Antonio’s sustainable energy capacity.
en_1140769540
A 120 MW Energy Storage Project Signed Between CPS Energy and OCI Energy
CPS Energy and OCI Energy partner to develop a 120 MW/480 MWh energy storage system in Bexar County, Texas, as part of the Vision 2027 plan to strengthen San Antonio’s sustainable energy capacity.
en_1140769540

Grenergy targets Germany and the United States for battery expansion

Grenergy is turning to Germany and the United States for its energy storage projects in response to the growing needs of data centers and complex energy markets.
Ace Green Recycling plans global growth with public listing
Ace Green Recycling merges with Athena Technology Acquisition Corp. II to accelerate its development, with plans for expansion in Texas and specialized technology in energy storage for lead and lithium-ion batteries.
en_1140740540
Ace Green Recycling plans global growth with public listing
Ace Green Recycling merges with Athena Technology Acquisition Corp. II to accelerate its development, with plans for expansion in Texas and specialized technology in energy storage for lead and lithium-ion batteries.
en_1140740540
Eos Energy secures $303.5 million loan to accelerate long-duration battery manufacturing in the U.S.
Eos Energy Enterprises strengthens its position in the energy transition with a loan guaranteed by the U.S. Department of Energy. This funding supports zinc battery production expansion and the creation of hundreds of jobs in the U.S.
en_1140722540
Eos Energy secures $303.5 million loan to accelerate long-duration battery manufacturing in the U.S.
Eos Energy Enterprises strengthens its position in the energy transition with a loan guaranteed by the U.S. Department of Energy. This funding supports zinc battery production expansion and the creation of hundreds of jobs in the U.S.
en_1140722540
LG Energy Solution and GM collaborate on prismatic battery development
LG Energy Solution and General Motors announce a partnership to create advanced prismatic battery technology for future electric vehicles, strengthening their 14-year strategic collaboration.
en_1140701540
LG Energy Solution and GM collaborate on prismatic battery development
LG Energy Solution and General Motors announce a partnership to create advanced prismatic battery technology for future electric vehicles, strengthening their 14-year strategic collaboration.
en_1140701540

Bolivia signs a historic agreement with a Chinese company to exploit lithium

A major contract has been signed between Bolivia and Hong Kong CBC Investment for the construction of two lithium carbonate plants, strengthening the country's strategic position in the renewable energy sector.
ABO Energy concludes the sale of two battery projects in South Africa
ABO Energy sold two stand-alone battery projects to Électricité de France (EDF), enhancing local energy storage capacity with a total of 616 MWh. A decisive step for stabilizing South Africa’s power grid.
en_1140595540
ABO Energy concludes the sale of two battery projects in South Africa
ABO Energy sold two stand-alone battery projects to Électricité de France (EDF), enhancing local energy storage capacity with a total of 616 MWh. A decisive step for stabilizing South Africa’s power grid.
en_1140595540
Plus Power secures a 20-year contract for its Corazon Energy Storage project in New Mexico
The Corazon Energy Storage project, with a capacity of 150 MW / 600 MWh, will support grid reliability and renewable energy integration in New Mexico, bringing the state closer to its clean energy goals by 2045.
en_1140593540
Plus Power secures a 20-year contract for its Corazon Energy Storage project in New Mexico
The Corazon Energy Storage project, with a capacity of 150 MW / 600 MWh, will support grid reliability and renewable energy integration in New Mexico, bringing the state closer to its clean energy goals by 2045.
en_1140593540
Northvolt bankruptcy: A European battery giant falters
Under the weight of colossal debt, Northvolt seeks protection under the U.S. Chapter 11 law. The departure of CEO Peter Carlsson marks a critical turning point for the company, once a European flagship in the battery industry.
en_1140572540
Northvolt bankruptcy: A European battery giant falters
Under the weight of colossal debt, Northvolt seeks protection under the U.S. Chapter 11 law. The departure of CEO Peter Carlsson marks a critical turning point for the company, once a European flagship in the battery industry.
en_1140572540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS