Global battery storage system integrator Fluence has released its Q4 and full-year results, which included the “transformative milestone” of achieving a positive net profit for the first time, CEO Julian Nebreda said.

Kenya Electricity Generating Company (KenGen) has been selected to carry out a battery storage pilot project, through a programme to increase electricity access funded by the World Bank.

Global system integrator Fluence has closed a four-year US$400 million asset-backed lending (ABL) credit facility.

Long-duration energy storage with renewable energy could reduce the emissions from industrial energy use by almost two-thirds, a new report has said.

The national electric utility of Senegal, Senelec, has signed a 20-year capacity change agreement (CCA) with developer Infinity Power for a 40MW/160MWh battery energy storage system (BESS) project.

Eskom, the public utility company of South Africa, has inaugurated a 20MW/100MWh battery energy storage system (BESS) aimed at mitigating the challenging situation facing the country’s grid.

Independent power producer (IPP) Globeleq has brought a 19MWp, 2MW/7MWh energy storage plant in Mozambique into commercial operation.

Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.

Power technology firm Wärtsilä has initiated a strategic review of its energy storage and optimisation (ES&O) business, with “all potential alternatives considered” including divestment.

Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.