The attractiveness of the BESS market for M&A and investment, amidst a slowdown in activity, was discussed on a panel at the Energy Storage Summit 2026 in London.
NGEN and Harmony Energy have made strides in deploying large-scale BESS projects in Germany, launching construction and securing pipeline financing respectively.
Dutch TSO TenneT has signed a contract with a developer for a large-scale BESS which will help to relieve grid congestion, possibly enabling the quicker deployment of renewables in the Netherlands.
Multinational power firm Engie has acquired two large-scale BESS projects in Spain, paired with synchronous condensers and has launched construction on a BESS in France.