We catch up with the CFO and co-founder of German BESS own-operate platform Terra One, after its €150 million (US$173 million) mezzanine financing to scale up in Europe’s hottest energy storage market.
BESS asset management in the UK has moved beyond the rudimentary ‘project delivery and basic O&M’ approach, a speaker at the upcoming Battery Asset Management Summit UK & Ireland explained in a Q&A.
Repurposing EV battery packs and modules into BESS obviously has environmental benefits, but challenges around pricing, performance and safety remain, panellists at an industry event in London said last week.
Lithium-ion OEM Hithium’s failed Hong Kong listing amidst a lawsuit from larger competitor CATL may point to wider industry trends, with an increasingly competitive and larger battery industry meaning ever higher stakes.
BESS provider Sungrow and power firm Engie have connected the first phase of a 400MW/800MWh project, one of the largest in Europe, to the grid in Belgium.
The TSO of Italy has completed its first MACSE auctions for energy storage, procuring 10GWh of capacity at what the NHOA CEO called ‘exceptionally competitive prices’.
Power firm VPI has signed a 700MW pipeline BESS joint venture in Germany with developer Noveria Energy, while system integrator ADS-TEC has revealed a 1GW/2GWh project.
