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.
Developer Rye Development are partnering with Kentucky, US utility companies Louisville Gas and Electric (LG&E) and Kentucky Utilities (KU), on a 266MW/2,128MWh pumped hydro energy storage (PHES) project.
Australian mining giant Fortescue has accelerated its timeline for deploying 4-5GWh of battery energy storage systems (BESS) paired with 1.8GW of renewable energy generation, which it now expects to begin commercial operation by 2028.