As of the second quarter of this year, installed energy storage capacity in Europe overtook nuclear, according to trade association Energy Storage Europe’s new report.
Long-duration energy storage (LDES) technologies are becoming increasingly viable options to add flexibility to the European electricity network, according to a new report.
We chat to Stephan Lehrke, head of Germany at Second Foundation, a Czech Republic-headquartered energy asset trading firm which is becoming an owner-operator of BESS.
Activity in Central and Eastern Europe (CEE) continues to accelerate, with two separate c.600MWh projects completed in Bulgaria by Solarpro & CATL and Sunotec and Sungrow, plus around 800MWh of capacity progressed across Romania, Estonia, Lithuania, and Finland.
Wärtsilä spinning out its energy storage activities and divesting a 50% stake this week reflects difficulties in making the business profitable and synergistic within the wider group activities, analysts said.