Owner-operator Giga Storage has finalised financing for the construction of its 350MW/1,400MWh Albatross energy storage project near Neuenkirchen in Lower Saxony, Germany.

Foresight Group has acquired the 100MW/400MWh Nivala BESS via its Foresight Energy Infrastructure Partners II (FEIP II) fund.

Four-hour battery storage is less expensive than open-cycle gas turbines in the 43 markets in which both technologies were modelled, according to a new report from market research firm Wood Mackenzie.

Electrifying low-temperature industrial heat and steam processes with renewables could reduce European Union natural gas consumption by 35 billion cubic metres-per-year, according to a report from the International Energy Agency (IEA).

Statkraft and Greenvolt Power have signed a 10-year tolling agreement covering 400MW of BESS across two operating projects in Poland.

In this news roundup, Metlen inaugurates a 75MWh BESS in Italy, PNE and Enercon develop a wind and storage project in Germany, and Mirova invests €65 million in Nordic BESS from Ingrid Capacity.

Trade body Energy Storage Europe has called for significant reforms to the European Union’s (EU’s) cybersecurity framework for battery energy storage systems (BESS).

Covenergo and Delta Capacity have begun construction on AKKU One, a standalone 125MW/300MWh battery energy storage system (BESS) in Lapinlahti, Finland, with commissioning targeted for the fourth quarter of 2027.

A roundup of some of our key takeaways from the Energy Storage Summit Germany this week, including around FCAs, inertia, the capacity market (CM), EU restrictions on China, and the future of one very notable system integrator.

Three years after the EU Batteries Regulation (EUBR) entered into force, it is becoming easier to separate regulatory expectations from measurable market impacts, writes patent lawyer Chloe Flower.