Quinbrook Infrastructure Partners has raised £620 million (US$750 million) for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.
Substantial growth in China’s domestic energy storage market has led to locally-based players Sungrow and Hyperstrong becoming top five system integrators globally, S&P Global Commodity Insights said.
Advanced compressed air energy storage (A-CAES) technology firm Hydrostor has signed a binding agreement with mining firm Perilya to progress the construction of a project in New South Wales, Australia.
The optimisation arm of oil and gas major bp will provide power trading and optimisation services for two UK battery energy storage system (BESS) projects owned by Harmony Energy Income Trust (HEIT).
Netherlands-based developer Giga Storage has announced its first project outside home turf, with a 300MW/1,200MWh transmission-connected BESS planned in neighbouring Belgium.
The European renewable energy IPP arm of Korean conglomerate Hanwha Group, Q Energy, has started building one of the largest battery energy storage system (BESS) projects in France.
Rimac Energy, the battery energy storage system (BESS) division of EV supercar company, has unveiled its new product at the Energy Storage Summit Central Eastern Europe (CEE).
This year has seen major energy storage deployment plans announced by telecommunications network operators in Finland and Germany, and substantial fundraises by ESS firms targeting the segment.
The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.
