European battery company Northvolt has filed for Chapter 11 ‘reorganisation’ bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the business.
A roundup from a very busy fortnight of UK BESS news, with major project announcements from Field, Cero Generation, Fidra Energy, Sungrow, Green Nation and Low Carbon, as well as ESB and SSE news items from neighbouring Ireland.
The accelerating global demand for battery storage is driving the construction of factories in Southern Europe, and Soria, a province in the northeast of Spain, welcomes your proposals.
Renewable energy developer-investor Aquila Clean Energy has contracted optimiser Entrix to provide route-to-market services for two battery projects in Germany.
Construction is underway on a 100MWh thermal energy storage project in Finland, using the same ‘Sand Battery’ technology as a 8MWh system which came online in 2022.
London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects.
System integrator NHOA Energy will provide Spanish transmission system operator (TSO) Red Eléctrica with 140MW/105MWh of BESS for two separate storage-as-transmission projects on the Balaeric Islands.