US portfolio acquisition news from Goldman Sachs-backed BrightNight and Excelsior Capital-backed Lydian, and finance from AXA-backed ILOS Projects in Europe.
Power firm EnBW is building a 100MWh BESS in Germany for completion this year (a year later than planned) while BESS platform Noveria Energy has signed a construction agreement with TSO TenneT for a 1GWh project for 2028 operations.
NGEN and Harmony Energy have made strides in deploying large-scale BESS projects in Germany, launching construction and securing pipeline financing respectively.
What are the merchant opportunities in Germany, where there are almost no capacity schemes or subsidies for energy storage? A panel of expert speakers discussed the opportunities in Europe’s largest energy market on the panel at the Energy Storage Summit 2026 in London in February.
BESS platform NGEN has started building an 85M/170MWh BESS in Austria, while Foresight Group and the EBRD have invested in development platforms in Germany and Lithuania.
BESS fund manager Gore Street Capital’s director of asset management Daniel Sherlock-Burke recently discussed the work it is doing around capturing and making use of its huge quantities of operational data.
