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On.Energy secures funding for 160 MWh battery storage in Texas

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  On.Energy has closed construction credit facilities with Pathward and BridgePeak Energy Capital to develop its 160 MWh Palo de Agua battery storage portfolio in Texas.  The financing supports On.Energy’s expansion in the United States, adding to its 80 MWh of operational assets in Houston and a pipeline of over 2 GWh of battery storage set for activation by 2028 across California, Texas, and Mexico. CEO Alan Cooper highlighted that the company has structured project…

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Mission 300 Initiative secures over $8bn in funding

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The Mission 300 initiative, aimed at providing electricity to 300 million Africans by 2030, has raised more than $8bn in funding commitments during the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, held from 27 January to 28 January 2025, as reported by Reuters.  The summit was hosted by the United Republic of Tanzania, the African Union, the African Development Bank Group (AfDB), and the World Bank Group. Launched in April 2024 by…