Fotowatio Renewable Ventures (FRV) Australia has reached financial close on the 250MW/500MWh Gnarwarre battery energy storage system (BESS) in Victoria.
CATL, the world’s biggest lithium-ion OEM, saw flat ESS revenues in the first half of the year, but the extent to which this can be blamed on the increased US-China tariffs, if at all, is far from clear.