A year since the implementation of the initial steps in EU Batteries Regulation went into effect and the impacts are already being seen, writes Nicholas Bellini of TÜV SÜD.

The EU Batteries Regulation came into force in 2023, but its various stipulations become law over the next several years. What does it mean for Europe’s BESS developers, operators and suppliers?

Statkraft, Kyon Energy and Juniz Energy have progressed BESS projects in Germany, all in all totalling a combined 213MWh of capacity.

US storage and solar developer-operator Lightshift Energy, along with KeyBanc Capital Markets, have closed a US$75 million credit facility.

IPP Eolian has closed a US$463 million financing package to support the continued construction of Padua 2 and Padua 3, two battery energy storage systems (BESS) totalling 350MW/1.7GWh in Bexar County, Texas.

Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

Two developers, OCI Energy and Nexus Renewable Power have secured financing for battery energy storage system (BESS) projects located in Texas, US.

Three US battery energy storage system (BESS) developers, GridStor, Flatiron, and Jupiter Power, have advanced BESS projects totalling 1.6GWh across Arizona, Massachusetts, and Michigan.

A flurry of BESS project deployment news in Germany from Re.venture, Green Flexibility, EWE and Terra One, with the projects designed to relieve grid congestion and one configured for a 4-hour duration.

Renalfa IPP has secured a €315 million (US$367 million) financing package from an EBRD-led consortium to support a 1.6GW renewables, 3.3GWh BESS rollout in Bulgaria, Hungary, Romania, and North Macedonia.