The sale of the UK BESS-holding Harmony Energy Income Trust (HEIT) proved private capital’s greater patience and valuation around the asset class, the CEO of its former investment advisor told Energy-Storage.news.

The market share of vertically integrated battery cell and BESS companies has fallen since 2023, market intelligence firm Rho Motion said.

“The speed at which the grid-forming inverters are operating means that standby consumption will be higher,” said Dave Bowly of AGL.

Hithium has shipped the first battery energy storage systems (BESS) manufactured at its new plant in Texas, US.

Bahraini, Chinese, Egyptian and Emirati groups have agreed to develop a new manufacturing facility in Egypt.

Renewable energy solutions provider Sunsure Energy claims to have signed India’s first-ever fixed tariff battery storage offtake contract.

Hitachi Energy has been successful in its bid to acquire full ownership of Eks Energy, a manufacturer of power conversion systems (PCS).

The Australian government has opened two CIS tenders in Western Australia, targeting 2.4GWh of energy storage and 1.6GW of renewables.

Potentia Energy, a joint venture co-owned by Enel Green Power and INPEX, has secured the first environmental approval for a grid-scale battery energy storage system (BESS) under South Australia’s new Hydrogen and Renewable Energy (HRE) Act.

French independent power producer (IPP) Neoen, which is now fully owned by Canadian investment firm Brookfield, has switched on the second phase of its 560MW/2,240MWh Collie BESS in Western Australia.