The latest renewable energy news includes announcements on Peak Energy, Tauron, XCF Global, BME Jawor battery storage project in Lower Silesia, and others.
Peak Energy Raises $108 Million Series B for Sodium-Ion Battery Manufacturing in the US
California-based battery technology company Peak Energy has completed an oversubscribed $108 million Series B financing round, led by General Motors Ventures. Investors include Maverick Silicon, Infinite Capital, Eclipse, Xora Innovation and LG Technology Ventures. Announced October 21, the investment will support domestic manufacturing of sodium-ion battery systems and expansion into data-centre energy infrastructure. Peak reports more than $1 billion in commercial customer commitments, including agreements with Jupiter Power, RWE and Energy Vault. Its planned 4 GWh manufacturing facility in Sacramento, California, is scheduled to begin production in the first quarter of 2027. The company’s technology uses passive cooling to reduce battery system complexity, maintenance requirements and operating costs.
Tauron Acquires 28.3 MW/120 MWh Battery Storage Project in Poland with Long-Term Capacity Contract
Polish electricity company Tauron Polska Energia has acquired the 28.27 MW/120 MWh BME Jawor battery storage project in Lower Silesia. Announced October 20, the transaction involves acquiring the project company responsible for the ready-to-build installation. The battery will comprise 40 storage containers and connect to Tauron’s electricity distribution network. Commercial operation is scheduled for February 2027. The project has secured a capacity market contract covering 2029–2045, providing long-term revenue visibility. Following the acquisition, Tauron’s battery development portfolio with approved investment decisions exceeds 600 MW. The utility is targeting 700 MW of installed battery capacity by 2030 and 1.4 GW by 2035. Acquisition consideration was not disclosed.
XCF Global Signs Agreement to Acquire 50 Million-Gallon Renewable Fuels Facility in California
US renewable-fuels producer XCF Global has signed a definitive agreement to acquire a renewable-fuel production facility in Paramount, California. Announced October 20, the facility has approximately 50 million gallons of annual production capacity for sustainable aviation fuel, renewable diesel and renewable naphtha. XCF expects to invest approximately $30 million in restarting operations over nine to twelve months following the acquisition. The company intends to more than double the facility’s workforce and use its partnership with BGN for feedstock supply and fuel offtake. Management projects annual gross product sales of $600 million after the restart. The acquisition is expected to close before the end of 2026, subject to agreed conditions.
