Power generation and trading company Vattenfall has signed a seven-year, 55MW multi-project BESS tolling deal in Germany with owner-operator and virtual aggregator Terralayr.
Second life BESS firm Evyon has merged with EV charging infrastructure provider Elywhere, in a partnership centred around the battery technology core to both Norway-based businesses.
Power generation and energy trading firm DTEK Group is targeting up to 500MW of BESS deployments in Ukraine, which it said are ‘key priority in order to ensure Ukrainian energy security’ in light of Russia’s attacks on its energy system.
UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.
Alper Peker and Dominic Multerer of Camopo explain how flexibility is the key to long-term profitability for hybrid renewables-plus-storage power plants.