The Spanish Ministry of Ecological Transition (MITECO) has published the regulatory basis for the €750 million (US$812 million) incentive scheme for renewables and energy storage manufacturing.

LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.

Turkey-based developer and IPP Fortis Energy has acquired a solar and battery energy storage system (BESS) project in Serbia.

Hybrid power plants are the future of the energy market, but smart hardware needs to be supported with smart optimisation, write Isabella Caschetto and Dominic Multerer of CAMOPO.

The benefits of advances in cell technology, which improve the performance and lifetime of battery storage systems, can be directly passed onto customers.

Revenues for the energy storage arm of NHOA Group fell in the first half of 2024 because of the market-wide fall in the price of BESS.

Oil and gas major TotalEnergies will build a 100MW/200MWh BESS project from Kyon Energy’s pipeline, its first project after buying the developer.

SSE Renewables has revealed plans to progress a 1.8GW pumped hydro project at Loch Fearna, Scotland, UK.

‘Not all providers are equal’ and using different ones for the same project has not proved problematic when it comes to BESS project augmentation, an executive from investment manager Gresham House said.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.