Despite macroeconomic challenges, Gore Street’s asset value surged 45% over six months as ancillary service revenues stayed strong.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

The average cost of a data breach in the energy industry is US$6.39 million for a single incident, according to research published by IBM.

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.

In the past few days, EU policymakers have made decisions on key aspects of legislation that have been welcomed by industry group EASE.

Investor Claritas and system integrator Hynfra Energy Storage (HES) have signed a framework agreement to deploy half a gigawatt of utility-scale battery energy storage in Poland.

The European Union parliament has voted on amendments to REPowerEU which will see its accelerated permitting for renewable projects expanded to include standalone energy storage.

Developer Kyon Energy, investor Obton and system integrator ECO STOR have commissioned 27.6MW/32.4MWh of battery storage across two sites in Germany.

RWE has unveiled plans for an up to 600MW solar development on land in in northern England.

Rules on battery sustainability, performance and labelling will become more stringent within the European Union (EU).