Energy Vault and a coal mining company owned by the local government in Sardinia, Italy, have signed a land lease agreement to deploy a project combining gravity energy storage and BESS technology.
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A roundup of battery energy storage system (BESS) news from the UK, with Harmony Energy Income Trust (HEIT) commissioning a system, Field ordering one from Envision and Quinbrook launching construction on another.
The Central Electricity Authority of India (CEA) is fast-tracking two large-scale pumped hydro energy storage (PHES) projects totalling 2,600MW of power.
A double-header of news from Central America and the Caribbean, with Belize seeking consultants for a 40MW BESS and Wärtsilä commissioning a hybrid project in the US Virgin Islands.
While contractual parties are rarely ironing out end-of-life provisions for BESS, those that do are keeping their options open with the future value of degraded batteries far from clear, a UK-based lawyer said.
Eolian, BrightNight and esVolta, three US-headquartered developers and independent power producers (IPPs) with energy storage projects in their portfolios and pipelines, have each announced major financing.
