Wärtsilä spinning out its energy storage activities and divesting a 50% stake this week reflects difficulties in making the business profitable and synergistic within the wider group activities, analysts said.

Octopus Energy Generation has partnered with ZE Energy to invest in and build one of Italy’s biggest BESS projects, while Eco Stor has secured financing for one of Germany’s, which it is already building. Optimiser Entrix has also won two large contracts in Germany and the Netherlands.

Energy-Storage.news presents this sponsored webinar with Clean Horizon, on how Germany’s grid connection agreements can affect the business case for battery storage projects.

What is driving and shaping European BESS project financing and M&A this year?

A ‘staged approach’ to implementing the EU Battery Passport could be essential if Europe is to improve its battery supply chain.

‘We are walking with open eyes into new dependencies,’ said ReCharge’s Ilka von Dalwigk at the Energy Storage Summit.

The inertia market could be a significant contributor to the German energy mix, despite the challenges that remain.

Minimising counterparty risk is a key component of the German BESS sector, particularly amid ongoing political uncertainty.

A trio of notable Germany announcements: Aquila Clean Energy EMEA has financed a merchant project, Chint Solar has sold a portfolio to Second Foundation while Twaice will provide analytics on behalf of BayWa r.e..

“The word tsunami describes very well the hype that was in Germany,” said Cristina Yandiola at this week’s Energy Storage Summit.