New Fluence CEO Julian Nebreda is likely to oversee a period with less rapid top-line growth but a greater emphasis on making that growth profitable, an equity analyst told Energy-Storage.news.
The European Commission has approved €19.8 million (US$20.1 million) in state aid from the government of Croatia to energy storage operator IE-Energy for a series of grid-connected projects.
Gravity-based energy storage company Energy Vault is to immediately begin deploying a previously-announced 275MWh battery storage system project in California for Wellhead Electric and W Power.
Three Tesla Megapacks have arrived for installation at a power plant in Hungary, the first energy storage project in the country to use the EV giant’s grid-scale product.
A 200MWh battery energy storage system (BESS) from developer Available Power at a net-zero technology campus in Texas, US, is expected to be online in mid-2024.
Utility and power company AES Corporation has brought the Lancaster Area Battery (LAB), the second portion of a combined 908MWh battery energy storage system (BESS) complex in California, online.
Construction has started on a project in Ireland pairing a battery energy storage system (BESS) with a synchronous condenser, developed by Lumcloon Energy and Hanwha Energy.
Renewable developer Scatec and energy group EDF have signed a binding agreement with the government of Malawi to develop a hydropower plant with 309MW/7,000MWh of pumped hydro energy storage.
