Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.
The commercial and industrial (C&I) energy storage market is experiencing rapid growth as industries worldwide focus on decarbonisation and energy efficiency.
Owner-operators BW ESS and Ingrid Capacity have secured a SEK628 million (US$65 million) green loan financing from Nordea Bank for a jointly-owned 211MW portfolio in Sweden.
Investor Return has started construction on a 100MW/200MWh BESS project in the Netherlands, with energy storage technology supplied by system integrator Alfen and power company Vattenfall enlisted as long-term offtaker.
The grid-scale energy storage market in Italy holds much promise with very ambitious deployment targets for 2030, but it may be difficult for the industry to deliver on those targets.
The Ministry of Energy of Bulgaria has selected 82 winning energy storage projects for a share of BGN 1.15 billion (€588 million) in financial support.