UK BESS owner Gresham House Energy Storage Fund (GRID) has entered into long-term floor agreements with Statkraft and Markel Bermuda, which will partially replace its toll with Octopus once that expires next year.

Renewable energy IPP ACME Solar has placed orders with two Chinese system integrators for battery energy storage system (BESS) projects in India.

Listing via the Hong Kong Stock Exchange is emerging as a key financing pathway for China’s energy storage players, writes Carrie Xiao.

Major Australian energy generator-retailer EnergyAustralia has sold a 50% share in its 1,400MWh Wooreen battery energy storage system (BESS) to Thailand-based energy firm Banpu Public Company.

Renewable energy developer Ampyr Australia has reached financial close on its 300MW/600MWh Wellington Stage 1 BESS in New South Wales.

EU will not meet its 2030 clean energy targets unless cumulative battery storage deployments rapidly accelerate, SolarPower Europe has said.

A subsidiary of CATL and local partners have begun construction on a battery manufacturing complex in West Java, Indonesia.

Australia’s AGL Energy has acquired Tesla’s South Australia Virtual Power Plant with plans to expand the initiative.

PNM is seeking regulatory approval of offtake agreements associated with three hybrid battery energy storage system (BESS) projects.

Private equity firm KKR’s investment vehicle ContourGlobal has acquired BESS projects in Italy totalling 1.6GW of power and up to 9.5GWh of capacity, with an eye on the MACSE auctions in September.