Despite a slowdown in electric vehicle (EV) sales in the US, LG Energy Solution (LG ES) experienced a quarterly rise in profits, driven in part by increasing demand for energy storage.
IPPs Greenvolt and European Energy have finalised financial deals for solar-plus-storage projects in Denmark and Latvia, while Olana and Energix have enlisted optimisers for BESS projects in Lithuania and Poland, respectively.
Industrial power solutions manufacturer Volvo Penta discusses its battery systems for BESS with a focus on the heavy industry and construction sectors.
We gather the industry reaction to the MACSE auction in Italy, which saw TSO Terna procure 10GWh of long-term capacity at what most agreed are extremely low prices.
New company Lunas Energy has launched an offer for solar PV plant operators in Spain to deploy BESS on their land, as the sector struggles with curtailment and negative pricing.
A pension fund will join the EBRD and EU Modernisation Fund in investing around €16 million (US$18.5 million) in a project on Croatia pairing large-scale BESS and a VPP.
The world’s largest lithium-ion company CATL has released its Q3 results, with revenue growth recovering from the previous period but its market share ‘somewhat impacted by capacity constraints’, a company executive said.
A roundup of large-scale European BESS project news, with Principia completing a project in Greece, Repono buying one in Romania, Kyon choosing optimisers for two in Germany and Voltalia and NGEN targeting Portugal.
