Energy Storage News•2 months ago
South Korean government investment in US BESS developer ‘reflects shared commitment to reliable, affordable power’
- •US BESS developer Peregrine Energy Solutions secured US$130 million in investment, notably including capital from the South Korean Ministry of Environment.
- •This significant international funding signals strong confidence in the growth and profitability of the US battery energy storage market for developers.
- •Increased capital for BESS developers will likely accelerate the deployment of storage projects, enhancing grid reliability and potentially stabilizing energy prices for large power consumers.
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