Valo, the new joint venture formed as a continuation of Wärtsilä’s energy storage business, is weighing up investing in the US supply chain, including factories.
Battery energy storage systems (BESS) in Australia’s New South Wales (NSW) earned an estimated AU$5.63 million (US$3.88 million) in two hours on 12 October, as wholesale electricity prices peaked at AU$23,107/MWh.
Power group Engie has put an 142MW/802MWh BESS project in Chile into operation, while IPP Grenergy has secured financing for the fifth and final stage of its Oasis de Atacama solar-plus-storage project.
Distributed energy resource (DER) platform Voltus has raised US$225 million in an oversubscribed Series D financing round and is looking to expand in the US and Canada.
Intilion has just tied up with CATL for sodium-ion BESS deployments in Europe, following Alfen’s similar move in July, while Merus Power tells us it is in the process of integrating with the OEM’s new product.
Finland is the Nordic region’s most-talked-about market for the moment, with project deals and other battery storage development activity from local and international players.
South Korea’s Ministry of Climate, Energy and Environment (MCEE) has unveiled its KRW1,000 trillion (US$747 billion) Korean Green Transformation (K-GX) industrial strategy.
Infrastructure investor Actis has entered the Polish energy storage market with the acquisition of two large-scale projects from DTEK’s DRI, while R.Power and Solax have announced project updates in the country.
