Developer OX2 and L&G NTR Clean Power (Europe) Fund have agreed a deal for a 2-hour battery energy storage system (BESS) in Finland.

While contractual parties are rarely ironing out end-of-life provisions for BESS, those that do are keeping their options open with the future value of degraded batteries far from clear, a UK-based lawyer said.

Councillors in Dorset, UK have reportedly approved one of the largest BESS projects in the world, from developer Statera Energy.

Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support.

System integrator Fluence Energy and investor Excelsior Energy Capital have entered into a supply agreement for 2.2GWh of BESS, which Fluence claims will utilise US-manufactured battery cells and modules.

We hear from Modo Energy about the latest developments for BESS revenues in the ERCOT, Texas market, including how numerous trends are making optimising projects increasingly complex.

LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.

IPP Enlight Renewable Energy has closed financing for the 1.2GWh BESS portion of its Atrisco solar and storage project in New Mexico, USA.

Honduras has launched a consultation on regulatory changes to its electricity network to help better integrate energy storage, which it said is key to maintaining stability, efficiency and sustainability of the network.

Revenues for the energy storage arm of NHOA Group fell in the first half of 2024 because of the market-wide fall in the price of BESS.