Developer Kyon Energy has secured construction approval for a 2-hour large-scale battery energy storage system (BESS) project in Saxony-Anhalt, Germany.

Germany-headquartered organic flow battery company CMBlu has secured €100 million (US$107 million) from technology and construction firm Strabag.

Renewable energy developer and operator Innergex has inaugurated a 50MW/250MWh battery energy storage system (BESS) at a solar PV plant in Chile.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Developer Solvent Energy is talking to investment bankers with a view to selling some of a 2GW portfolio of battery energy storage system (BESS) projects in ERCOT, Texas.

Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.

Energy storage system (ESS) executives from Northvolt and Fluence discussed the battery and battery storage manufacturing ecosystem in Europe in separate interviews whilst at the Energy Storage Summit Central Eastern Europe (CEE) recently.

BESS developer and operator Plus Power has completed a US$1.8 billion financing for five projects in Arizona and Texas, including over US$400 million in tax equity and US$700 million for a single standalone project, the largest to-date.

Green Mountain Power (GMP), a utility in the US state of Vermont, has requested approval on US$30 million in funding to expand a home battery energy storage scheme.

The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.