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.

Developer and EPC Eco Stor will start building another 103.5MW/238MWh BESS project in Germany in November this year.

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.

Chile has passed new regulations around capacity market payments to energy storage, coinciding with a major project announcement from CJR and Sungrow.

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.

Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.

The US will provide US$85 million in foreign aid to the Republic of Moldova for battery energy storage system (BESS) projects as well as high voltage transmission line upgrades, secretary of state Anthony Blinken said last week (29 May).

Energy Vault has entered into an exclusive partnership with architecture firm Skidmore, Owings & Merrill (SOM) to work on projects using its gravity energy storage technology.