A double-header of big news from Germany, with construction starting on a ‘Grid Booster’ BESS from TransnetBW and Fluence and the EU putting €58 million towards a project that will combine green hydrogen and iron flow battery storage at scale.
The EV charging and energy solutions arm of Volkswagen Group is entering the large-scale BESS market, with individual projects up to 350MW/700MW in size and the first, in Germany, planned for next year.
Real estate investor Montea will put €30 million (US$33 million) to installing 56MWh of distributed battery energy storage systems (BESS) at logistics sites in Belgium and the Netherlands.
Developer and IPP Leeward Renewable Energy and California utility PG&E have agreed a long-term resource adequacy (RA) agreement for a large-scale, PV co-located BESS in Arizona.
The industry still has a lot of work to do on urban project development and navigating local permitting challenges, a senior executive of US developer-IPP RWE Clean Energy told Energy-Storage.news.
Utility Octopus Energy will pay Gresham House Energy Storage Fund (GRID) a fixed fee to use half of its UK BESS portfolio, at a price which it said is ‘above the current merchant revenue stack’.
The government of Poland has proposed a de-rating factor for battery energy storage systems (BESS) in the next capacity market auction of 57%, which one developer warned would be a ‘lethal blow’ for 2- and 4-hour projects.