The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.

Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively.

NextEra Energy Resources and Meta have signed 11 power purchase agreements and two energy storage agreements totalling 2.5GW.

Clearway Energy Group has negotiated tolling agreements with SDG&E for one of its solar and storage complexes in Kern County, California.

NHOA Energy has secured contracts from Engie for an 80MW/320MWh BESS at Engie’s Drogenbos power station, near Brussels, Belgium.

In this Energy-Storage.news roundup, Energy Vault enters the Swiss energy storage market, ZincFive raises Series F financing, and Convergent Energy and Power secures a multimillion-dollar facility provided by NY Green Bank.

Vena Energy has signed a battery storage supply agreement with CATL for a project which would export renewable energy from Indonesia to Singapore.

Vancouver-based helium and natural gas producer Desert Mountain Energy (DME) has signed a non-binding letter of intent (LOI) to form a joint venture (JV) to build and operate a sodium nickel chloride (SNC) battery manufacturing facility in Roswell, New Mexico. 

The first of 46 solar minigrids planned in Angola has been inaugurated by João Baptista Borges, the African country’s Minister of Energy and Water.

Developer BrightNight and independent power producer (IPP) Cordelio Power have announced financial close of the 200MW/800MWh Greenwater battery energy storage system (BESS) in Washington state, US.