London-based investor NextEnergy Capital has closed a US$480 million tranche of investment in its NextPower V ESG (NPV ESG) fund, which is targeting solar and battery storage.
Ontario and Alberta account for the bulk of Canada’s installed, planned and proposed large-scale energy storage today. The rest of the country can lean on the experiences and lessons learned, Andy Colthorpe hears from developers and expert voices.
Construction has begun on a 30MW battery energy storage system (BESS) in Finland, developed by Glennmont Partners, local IPP Ilmatar, and deployed by ESS firm Alfen.
Finance institutions GMO and PIDG will finance a first battery storage project in Senegal dedicated to frequency regulation, the first in the region, project developer Africa REN claimed.
Spain-based Ingeteam supplied the power conversion and inverter equipment for the first phase of a 1GW solar-plus-storage project in Mexico, the country’s largest.
Significant partnerships in Germany have been struck on second life energy storage and large-scale deployments, by ABO Wind and Tricera, and Kyon Energy and Obton, respectively.
The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.
The government of Chile will launch a bill this year to procure large-scale energy storage systems for commissioning in 2026 totalling US$2 billion of investment, on top of 5GWh already being sought for 2027-28.
Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.
