Charlotte Gisbourne, market analyst at PV Tech Research discusses trends and movements in the Q1 2025 edition of the EnergyStorageTech Bankability Ratings report.

State-owned utility and power generator Eesti Energia has completed and put into commercial operation the first large-scale BESS in Estonia.

A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.

Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million (US$239.15 million).

Finnish marine and power technology firm Wärtsilä has ended an 18-month long strategic review of its Energy Storage and Optimisation (ES&O) business, a process which could have led to the firm divesting it.

A double helping of big energy storage news items in Poland, with the government launching a capex support scheme for grid-supporting BESS and state-owned power producer PGE revealing its long-term deployment plans.

Investor Copenhagen Infrastructure Partners (CIP) has partnered with GCSS, a joint platform of developers Ikigai Energy and Agnoli Giuggioli, to deploy 2.3GW of BESS in Italy.

A panel of developers, operators, OEMs and consultants discussed the different government approaches in Europe to ensuring long-term deployment of energy storage with revenue and capex support schemes, at last month’s Energy Storage Summit EU 2025.

KNESS has secured a €9.6 million (US$10.35 million) loan from Oschadbank for a battery storage project in Ukraine.

Oil and gas major TotalEnergies has taken a final investment decision (FID) and started construction on a further six BESS projects in Germany, with Saft to provide the battery technology.