Scatec, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the African Development Bank (AfDB) have signed an investment agreement for Dandara solar-plus-storage project in Egypt.
The intense competition between BESS suppliers in the European market and the ever-more dense products available increases technical risk and the possibility of contractual issues further down the line, a France-based advisor said.
Distributed energy resource (DER)-focused company FranklinWH has recently announced advancements in residential energy storage programmes in Louisiana and Iowa.
IPP Sonnedix has put two solar-plus-storage projects into commercial operation in Portugal, coinciding with the government moving to use BESS to strengthen the reliability of its electricity grid.
Sodium-ion’s position has strengthened substantially in the past 12 months but its adoption in Europe depends on several key factors including data centres and their use case, an analyst said.
South Korean battery giant LG Energy Solution (LG ES) has signed a non-binding memorandum of understanding (MOU) with owner-operator Energix-Renewable Energies to expand collaboration on energy storage projects in Europe and the US.
