Independent power producer (IPP) Neoen has launched construction on a 93.9MW/93.9MWh battery energy storage system (BESS) in Sweden, the largest in the country.
Wärtsilä’s energy storage division saw a 20% year-on-year increase in sales and a 31% increase in order intake from 2022 to 2023, with the company board in mid-consideration of the business unit’s future.
We catch up with SemperPower, developer and owner of the two largest BESS projects in the Netherlands, discussing its commercial model, challenges, grid, regulations and more.
UK energy storage fund manager Harmony Energy has said revenues in 2023 were significantly lower than 2022, postponing its dividend, after peer Gresham House said the same thing earlier in the week.
Optimising co-located BESS is “much more complicated” than standalone and few companies can do it well, panellists on Day 2 of Solar Finance & Investment Europe (SFIE) said.
The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
The UK battery storage market is suffering a “weak revenue environment”, with assets not able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability, according to Gresham House Energy Storage Fund.
Independent power producer Low Carbon has signed optimisation agreements with Habitat Energy, Flexitricity, and EDF across four battery energy storage systems (BESS) with a capacity of 95MW.
The amount invested in energy storage soared globally during 2023, while battery manufacturing will require the biggest share of spending among clean energy technologies by 2030 to achieve net zero.
