European gigafactory firm Northvolt has started producing battery energy storage systems (BESS) at its Northvolt Dwa facility in Poland, while also securing a US$1.2 billion convertible note.
A total of 71GWh of new grid-scale energy storage needs to be deployed in Italy by 2030 for it to decarbonise its energy system in line with the EU targets.
Around 16GW of battery energy storage system (BESS) projects got preliminary registration for this year’s capacity market auction in Poland, developer Hynfra told Energy-Storage.news.
Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
Utility and network operators RheinEnergie and Bayernwerk have respectively started building and commissioned 7MWh battery storage projects in Germany.
Developers Eku Energy and Renera Energy have signed an agreement to deploy 1GW of battery storage projects in Italy, the latest in a flurry of companies entering the market.
Developer Altea Green Power is selling 2GW of battery storage projects in Italy with expected ready-to-build (RTB) status in Q2 2025 – and responded to cautionary comments about large early-stage deals.
A state agency in Estonia has provided €5.2 million (US$5.7 million) in grants for 10 energy storage projects, including a 4MW/8MWh battery storage project from utility Eesti Energia.
