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Energy Storage News•3 months ago

•Google acquired renewable developer Intersect Power for US$4.75 billion to directly power its US data center expansions.
•The acquisition's initial focus is on developing solar-plus-storage projects in California (CAISO) and Texas (ERCOT).
•This move signals a significant vertical integration by a major power consumer, securing dedicated renewable generation and storage capacity.

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Energy Storage News•3 months ago

•Iron flow battery developer ESS Tech Inc. reported continued unprofitability in 2025, signaling financial challenges for emerging battery technologies.
•The company is actively pursuing strategic growth through acquisitions (VoltStorage GmbH) and high-profile partnerships (Google) to achieve future profitability.
•This indicates a market trend towards consolidation and strategic alliances within the energy storage sector, impacting developers and large power consumers seeking stable solutions.

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Energy Storage News•3 months ago

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