BW ESS and its partner Penso Power have signed the first long-term tolling agreement for a single battery energy storage system (BESS) asset in Great Britain with Shell Energy Europe.
Developer Harmony Energy is set to build a 100MW/200MWh battery energy storage system (BESS) project in France, the country’s largest.
Average revenues for the Gresham House Energy Storage Fund doubled from February to April this year, fund manager Gresham House said in its full year 2023 results.
Europe appears to be slower and less bold than other markets like the US when it comes to financial support for upstream battery material projects like lithium refining, a company looking to invest half a billion euros in an EU project told Energy-Storage.news.
New rules which will reduce grid fees in the Netherlands by providing ‘non-firm agreement’ (NFA) connections as well as time-weighted rates could improve returns and double projected BESS deployments, an analyst has said, though a project owner was less openly optimistic about it.
UK electricity market operator National Grid ESO is reassessing how much energy storage gets paid in the Capacity Market, battery storage operators told Energy-Storage.news, with one calling the current system ‘outdated’.
Infrastructure investor InfraVia has bought a majority stake in Giga Storage, a Netherlands-headquartered BESS developer which is building a 2.4GWh project in Belgium.
Dutch developer Giga Storage has received a permit for construction for its 600MW/2,400MWh BESS project in neighbouring Belgium and will choose the BESS technology provider after summer.
Commercial and industrial (C&I) BESS provider Tesvolt has launched construction of its latest 4GWh manufacturing plant in Germany.
The noise of battery energy storage system (BESS) technology has “exploded” as a concern in the last six months, an executive from system integrator Wartsila ES&O said.
