System integrator Stem Inc has seen huge falls in quarterly revenue and bookings as it shifts its business model away from BESS hardware solutions towards higher-margin software and service offerings.
UK BESS fund Harmony Energy Income Trust (HEIT) has progressed the sale of its portfolio to the second round, a process which a source told us raises questions around listed funds’ role in the BESS industry.
A roundup of news from the UK BESS market, with developers ILI, Aukera, and Apatura having projects achieve planning permission, along with IPP Lightsource bp and a data centre in Wales, from the pages of our sister site Solar Power Portal.
Canadian asset manager Brookfield will be required to divest French IPP Neoen’s operational assets and six development projects in Victoria, Australia, which includes the 350MW/450MWh Victoria Big Battery.
Australian utility Origin Energy yesterday (30 October) confirmed it had started construction on the second phase of its 2.1GWh Eraring battery energy storage system (BESS) in New South Wales, Australia.
Tier-1 battery manufacturer EVE Energy will be the first to mass-produce lithium iron phosphate (LFP) battery cells with more than 600Ah capacity for stationary applications.
IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
