A 60MWh battery energy storage project co-located with an existing solar PV plant has been proposed in Spain, the latest to qualify for a recently-announced €150 million package of grants.
Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act’s new tax credit incentives (ITC).
Testing has started on four battery storage projects in Lithuania totalling 200MW/200MWh provided by system integrator Fluence, with a view to turning the projects online in a few months.
Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.