The $50 million financing package consists of a final commitment to finance two production lines in the immediate near term, plus a preliminary commitment to finance several additional production lines as ESS scales up its production capacity to meet customer demand.

Energy Support Services (ESS), a wholly owned subsidiary of New Energy Equity, LLC, has launched an agrivoltaics solution with DSD Renewables (DSD) for managing vegetation at a DSD solar energy site in Winchester, Virginia by allowing the farm animals to graze in the area.

The proposed standalone investment tax credit for energy storage was seen as a potential game-changer for the industry. But like the total $550 billion in clean energy incentives and investments in the bill, the energy storage ITC has an uncertain future.

On top of inking a massive 2 GWh deal with SB Energy, and reaching an agreement to supply Enel Green Power with 17 battery systems in Spain, ESS became the first long-duration energy storage system company to be listed on the New York Stock Exchange.

SB Energy will deploy additional ESS battery systems to support solar power projects in Texas and California, where grid reliability issues have been front and center.