Building BESS is complicated, with myriad considerations around supplier contracts, site acceptance tests, data analysis, interface between different contractors.
The attractiveness of the BESS market for M&A and investment, amidst a slowdown in activity, was discussed on a panel at the Energy Storage Summit 2026 in London.
NGEN and Harmony Energy have made strides in deploying large-scale BESS projects in Germany, launching construction and securing pipeline financing respectively.
Multinational power firm Engie has acquired two large-scale BESS projects in Spain, paired with synchronous condensers and has launched construction on a BESS in France.