Oil and gas major TotalEnergies has taken a final investment decision (FID) and started construction on a further six BESS projects in Germany, with Saft to provide the battery technology.
Some 2.5GW of BESS projects in the UK have won contracts across the T-1 and T-4 capacity markets (CM), announced in a week which also saw project financings worth a combined c.£1 billion, including from Zenobē, Constantine and Quinbrook.
The European Commission has approved a €699 million (US$760 million) state aid scheme in Spain to support the deployment of up to 3.5GW of energy storage.
Industry executives from owner-operators BW ESS, Eku Energy, Gore Street, Field and NEOM answered questions from the audience on Day One of last month’s Energy Storage Summit EU 2025.
Independent power producer (IPP) RWE has commissioned a 35MW/41MWh BESS in the Netherlands, while commissioning is progressing on a smaller system with grid-forming capabilities.
February 2025 saw around 4.5GW/10.5GWh of grid-scale BESS deployments globally, with China continuing to account for the majority but Europe increasing its share from January.
We hear from startup Volklec which, like another European battery company Elinor, will build its batteries with a Chinese technology and manufacturing partner. They both say this will get around the challenges that ultimately doomed Europe’s first wave of battery startups, with Northvolt today declaring bankruptcy in Sweden.
We caught up with a partner at insurance broker Lockton about recent developments in the space, including the ramifications – or lack thereof – of the recent Moss Landing fire on insuring BESS projects going forward.
