The Council of Menorca, one of Spain’s Balaeric islands, has detailed its energy transition plan for the next four years including 18MWh of distributed battery energy storage systems (BESS).
Energy Vault and a coal mining company owned by the local government in Sardinia, Italy, have signed a land lease agreement to deploy a project combining gravity energy storage and BESS technology.
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A roundup of battery energy storage system (BESS) news from the UK, with Harmony Energy Income Trust (HEIT) commissioning a system, Field ordering one from Envision and Quinbrook launching construction on another.
While contractual parties are rarely ironing out end-of-life provisions for BESS, those that do are keeping their options open with the future value of degraded batteries far from clear, a UK-based lawyer said.
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.