Power generation and energy trading firm DTEK Group is targeting up to 500MW of BESS deployments in Ukraine, which it said are ‘key priority in order to ensure Ukrainian energy security’ in light of Russia’s attacks on its energy system.
UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.
Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.
Atlas Renewable Energy has inaugurated a 200MW/800MWh BESS project in Chile, which it claimed is the ‘first large-scale standalone BESS’ in the country and the wider Latin American region.
Owner-operators BW ESS and Ingrid Capacity have secured a SEK628 million (US$65 million) green loan financing from Nordea Bank for a jointly-owned 211MW portfolio in Sweden.
Investor Return has started construction on a 100MW/200MWh BESS project in the Netherlands, with energy storage technology supplied by system integrator Alfen and power company Vattenfall enlisted as long-term offtaker.
The grid-scale energy storage market in Italy holds much promise with very ambitious deployment targets for 2030, but it may be difficult for the industry to deliver on those targets.
