What is driving and shaping European BESS project financing and M&A this year?

The Czech Republic’s fourth pumped hydro energy storage plant is to be built within an existing hydropower complex, converting convention run-of-river into reversible units, creating 750MWh of energy storage capacity.

RWE Renewables Australia has officially opened the 50MW/400MWh Limondale battery energy storage system (BESS) near Balranald in south-west New South Wales.

Sembcorp Industries has completed its acquisition of Alinta Energy at a value of AU$6.5 billion (US$4.32 billion).

A ‘staged approach’ to implementing the EU Battery Passport could be essential if Europe is to improve its battery supply chain.

IPP Greenvolt has put a 99.8MW/288.6MWh BESS into commercial operation in Hungary, the largest in the country, while pipelines and projects have been progressed in Italy, France, Netherlands, Belgium and Spain.

‘We are walking with open eyes into new dependencies,’ said ReCharge’s Ilka von Dalwigk at the Energy Storage Summit.

Carrie Xiao reports back from this year’s edition of SNEC in Shanghai, China, the world’s biggest solar and energy storage expo.

DNV has independently verified that Fluence’s global fleet of battery energy storage systems (BESS) achieved 98.7% MW-weighted availability.

The inertia market could be a significant contributor to the German energy mix, despite the challenges that remain.