Blackstone and Foss & Company have completed transferability investment tax credit (ITC) deals for BESS projects in California and Texas, a market which has grown “faster than anyone expected” according to tax credit ecosystem Crux.

Energy storage executives from global assurance and risk management provider DNV analyse the UK government’s proposal to kickstart investment into long-duration energy storage (LDES).

Multinational utility and IPP RWE has started building its first battery energy storage system (BESS) project in the Netherlands.

Swiss-headquartered independent power producer (IPP) Axpo has brought its first BESS project in Sweden online, a 20MW/20MWh system in Landskrona.

Zinc-bromine flow battery technology company Redflow has received a grant award and notice-to-proceed (NTP) for two projects in California, US, totalling 21.6MWh.

EDF Renewables UK has entered into an optimisation agreement with investors DIF and ib vogt to optimise a co-located solar and storage project in the UK.

Spain-headquartered Ingeteam has landed a deal to provide power conversion system (PCS) equipment for a solar-plus-storage in Chile with, according to its developer Grenergy, the world’s largest BESS.

Lawyers from Herbert Smith Freehills discuss the challenges for the nascent European gigafactory ecosystem in light of heavy competition from the US and China, alongside the role that energy storage system (ESS) demand will play.

Finnish utility Helen is launching a 40MW battery energy storage system (BESS) project in Nurmijärvi, southern Finland, for 2025 commercial operation.

Global battery energy storage system (BESS) integrator Fluence saw a record order intake of US$1.1 billion in the first quarter of its 2024 financial year, but slipped back into a net loss, possibly reflecting seasonality.