Winner of the Outstanding Contribution at the Energy Storage Awards 2023, Alex O’Cinneide, founder and CEO of Gore Street Capital takes part in our end of year Q&A series.

UK-based utility and IPP Octopus Energy has entered the energy storage market in Italy, forming a joint venture (JV) with developer Nexta Capital to deploy up to 1.5GW of BESS.

Germany-based EV charging and BESS integrator ADS-TEC has installed eight units comprising a 20MW battery energy storage system (BESS) in Sweden.

California now has 6.6GW of battery energy storage systems (BESS) online, while Gore Street has secured US$60 million in financing for its 400MWh project in the state.

India’s cabinet has approved a 13GW renewable energy project, with a 7.5GW solar park, in the most northern state of Ladakh.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Developers Innova and Banks Renewables have progressed two large-scale battery energy storage system (BESS) projects in the UK totalling 3.7GWh of capacity.

Pacific Green has followed its ramp up of activities in the UK with moves to secure land for a pipeline of projects in Australia.

Developer Redelfi and investor WRM Group have signed a term sheet to create a joint venture (JV) targeting 2.8GW of standalone battery storage investments in Italy over a three-year period.

Ameren Missouri aims to procure 800MW of battery storage, representing US$650 million investment, in its service area connected to MISO grid.