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.
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.
After coming down last year, the cost of containerised BESS solutions for US-based buyers will come down a further 18% in 2024, Clean Energy Associates (CEA) said.
US utility Xcel Energy has revealed energy deployment plans for the Upper Midwest region, including 3.6GW of renewables and 600MW of energy storage by 2030.
System integrator Powin has been enlisted by oil, gas and renewable energy firm Galp to install a battery energy storage system (BESS) at a PV plant in Portugal, Powin’s first in Europe.
Energy storage developer and operator Enfinite has put the final three BESS projects, totalling 60MW, of a nine-project portfolio into operation in Alberta, Canada.
Cubico Sustainable Investments has formed a joint venture (JV) with a local developer in Italy to develop 1GW-plus of battery energy storage system (BESS) projects.
While more energy-dense BESS units mean packing more into smaller footprints, they may have additional implications for noise and fire safety, a developer source told Energy-Storage.news.
