Munich-headquartered international banking firm Berenberg has provided debt financing for two battery energy storage projects in eastern Germany totalling 32MWh.
Oslo-based second life battery storage solutions firm Evyon has raised €8 million (US$8.3 million) in a pre-Series A fundraising round, led by VC firm Sandwater.
Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.
Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.
While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.
Rolls-Royce is deploying a 30MW/63MWh battery energy storage system (BESS) in the Netherlands, the largest in the country when complete, as well as a 10MWh system in southern Germany.
Nissan, Renault and Mercedes-Benz are at the forefront of providing EV batteries for companies developing second life battery energy storage systems (BESS), but the market for such batteries is still thinly-traded.
Global energy firm RWE has finalised its investment decision for two battery energy storage systems (BESS) totalling 220MW, in North Rhine-Westphalia (NRW), Germany.
