China-based battery cell OEM CATL and UK energy storage investor Gresham House have entered into a long-term agreement for the supply of 7.5GWh of BESS, potentially rising to 10GWh.
Utility Eneco and Corre Energy have signed an agreement for the latter to deploy a 320MW, 84-hour duration compressed air energy storage system (CAES) in Groningen, the Netherlands.
Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.