Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million (US$239.15 million).
Finnish marine and power technology firm Wärtsilä has ended an 18-month long strategic review of its Energy Storage and Optimisation (ES&O) business, a process which could have led to the firm divesting it.
Utility Pacific Gas and Electric (PG&E) has announced intent to award up to US$43 million in grant funding for nine new community-driven microgrids in California, US.
A double helping of big energy storage news items in Poland, with the government launching a capex support scheme for grid-supporting BESS and state-owned power producer PGE revealing its long-term deployment plans.