‘It is not technology-agnostic’: Will Capacity Market in Germany help or hurt BESS?
The Capacity Market (CM) in Germany will offer a new potential revenue stream for BESS, but not all developers and owner-operators are convinced.
Ukraine’s state savings bank leads financing for 180MW of battery storage
A consortium of lenders, including state-owned bank Oschadbank, has agreed to Ukraine’s biggest financing for battery energy storage system (BESS) projects to date.
UK approves 6GWh of BESS in May: Highest monthly total this year
A pinch under 6GWh of grid-scale BESS was approved for construction in the UK last month, bringing the total with planning consent to nearly 130GWh.
Germany: Regulatory challenges and uncertainty threaten Europe’s ‘hottest’ energy storage market
Germany is regularly described as Europe’s hottest market for energy storage, but its current regulatory framework is holding it back and changes down the line are also a concern.
Netherlands: Giga Storage begins construction on 1.2GWh standalone BESS
Battery energy storage system (BESS) developer Giga Storage has closed financing on a 300MW/1,200MWh project in the Netherlands.
Spain launches €700 million support scheme for BESS, thermal storage and pumped hydro
Spain’s Ministry of the Environment has formally launched its latest financial support scheme for energy storage, aiming to kickstart the deployment of 2.5-3.5GW of projects.
Ingrid/SEB and Monsson launching construction on Finland and Sweden BESS projects
Ingrid Capacity and SEB have broken ground on a large-scale BESS in Finland, while Monsson has acquired a project in Sweden which it will start building in June.
RWE agrees virtual toll for 50MW/100MWh of BESS capacity in Germany with Terralayr
Utility and power generation firm RWE will trade 50MW/100MWh of BESS capacity in Germany from the virtual aggregation platform of startup Terralayr under a five-year agreement.
Italy and Spain to soar amidst uncertainty over MACSE pricing and grid-forming regulations
Italy and Spain are set to soar as energy storage markets with multiple gigawatt-hours under construction and much more in the pipeline, but there are questions around the regulatory frameworks driving deployments in each country.
Construction approval for 1.6GWh flow battery in Switzerland: ‘about time we brought this scale to Europe’
FlexBase Group will start construction on a data centre plus 800MW/1,600MWh flow battery in Switzerland the coming weeks, the firm claimed, explaining to Energy-Storage.news how and why.
