Japanese power company J-Power has completed its takeover of Australian renewable energy and energy storage developer Genex Power in a deal worth AUS$351 million (US$229 million).

System integrator Fluence Energy and investor Excelsior Energy Capital have entered into a supply agreement for 2.2GWh of BESS, which Fluence claims will utilise US-manufactured battery cells and modules.

We hear from Modo Energy about the latest developments for BESS revenues in the ERCOT, Texas market, including how numerous trends are making optimising projects increasingly complex.

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.

The Electric Reliability Council of Texas (ERCOT) has continued its 2024 energy storage deployment charge after it cleared 650MW worth of battery storage capacity for commercial operation during the month of June, according to the system operator’s monthly generation interconnection status report. 

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

IPP Enlight Renewable Energy has closed financing for the 1.2GWh BESS portion of its Atrisco solar and storage project in New Mexico, USA.

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.

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.

Tesla more than doubled its ‘all-time-high’ quarterly deployment numbers for energy storage in the second quarter of this year.