Europe’s energy storage market has hit a turning point. What was once a scattered, early-phase market featuring pilot projects and daring developers has swiftly evolved into a dynamic, capital-intensive infrastructure sector, writes Wood Mackenzie research associate Cecilie Kristiansen.
Home battery storage and virtual power plant (VPP) specialist Lunar Energy has raised US$102 million in an oversubscribed Series D financing round led by B Capital and Prelude Ventures.
Energy storage developer-operator Aypa Power has closed a US$1.5 billion construction warehouse revolving credit facility to advance projects across the US.
It’s our first week back to normal service so here’s a roundup of the past few weeks of BESS action in Europe, with projects moving forward in Romania, Denmark, UK, France, Spain, Albania, Germany and Austria.
In this blog, Kashish Shah, market development manager at Wärtsilä Energy Storage, argues that Australia’s complex battery storage market makes full-scope integration the most viable path for successful project delivery.
European BESS news from project owners Premier Energy Group, Verbund, Eco Stor, Ingrid Capacity, Ric Energy, Ganfeng Lithium, EP Group, RWE and Giga Storage, securing acquisitions, financings and route-to-market (RTM) deals for multiple gigawatts of capacity this past week.
US zinc battery storage manufacturer Eos Energy Enterprises has completed two financing transactions totalling over US$1 billion to strengthen its financial position and fund expansion.
In a major week for European BESS deal-making, project acquisition and financing deals have been done in the Poland, Germany, Finland, the UK and Romania for grid-scale projects totalling well over 1GW of capacity.
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?
