Energy storage could ‘drive development’ in emerging economies

Wärtsilä spinning out its energy storage activities and divesting a 50% stake this week reflects difficulties in making the business profitable and synergistic within the wider group activities, analysts said.

Octopus Energy Generation has partnered with ZE Energy to invest in and build one of Italy’s biggest BESS projects, while Eco Stor has secured financing for one of Germany’s, which it is already building. Optimiser Entrix has also won two large contracts in Germany and the Netherlands.

Developers of battery storage projects across Southeast Asia must heed lessons learned elsewhere and engage with key stakeholders as early as possible, Energy-Storage.news has heard.

The NSW Energy Security Corporation has deployed its first investment, committing AU$100 million to a large-scale battery storage platform.

APAC’s AI data centres look set to lock in a decade of coal and gas dependency, but long-duration energy storage can break that cycle, says Pavina Adunratanasee of ArkTerra Partners.