German power company innogy SE – the renewables arm of utility RWE – has completed its purchase of Belectric Solar & Battery.
RWE International SE (innogy), a leading European energy company, has signed a share purchase agreement to takeover German solar and energy storage specialist Belectric.
German solar integration specialist Belectric has begun serial production of its ‘Energy Buffer Unit’ (EBU) battery system.
Steag, a major power generator which constructs, plans and operates power plants, is spending US$100 million on acquiring 90MW of large-scale energy storage to help stabilise Germany’s grid.