System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.
A roundup of news from the UK BESS market, with developers ILI, Aukera, and Apatura having projects achieve planning permission, along with IPP Lightsource bp and a data centre in Wales, from the pages of our sister site Solar Power Portal.
Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.
Australian utility Origin Energy yesterday (30 October) confirmed it had started construction on the second phase of its 2.1GWh Eraring battery energy storage system (BESS) in New South Wales, Australia.
Spanish independent power producer (IPP) Grenergy has secured a 1.25GWh energy storage supply agreement with CATL for its Oasis de Atacama project in Chile.
IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
A county authority in New Mexico, US, has approved an industrial revenue bond (IRB) to support the development of a BESS project from Blackstone-owned developer-operator Aypa Power.
Changes to the California Independent System Operator (CAISO) interconnection process have been approved by the Federal Energy Regulatory Commission (FERC) following months of scrutiny.
