London-listed energy storage investor Gore Street Capital CEO Alex O’Cinneide discussed its fund’s recent expansion outside UK/Ireland and which markets are most of interest, in an interview with Energy-storage.news.

The German energy storage market continued to be dominated by the residential segment in 2021 although utility-scale battery revenues grew by nearly six times year-on-year, according to new figures from the national storage association.

Leclanché will provide an 11.9MWh BESS for deployment at a utility-scale solar PV power plant near Kaiserslauten, Germany.

Energy storage system (ESS) provider Tesvolt says that it saw 195% year-on-year growth in orders during March, as businesses seek to reduce their dependency on fossil fuels especially in light of the Russian invasion of Ukraine.

EV batteries made by Mercedes-Benz will be given a new lease of life in stationary energy storage systems (ESS). 

The German battery storage market continues to be dominated by the residential segment which accounted for 93% of the 1,350MWh of capacity installed last year, according to research by a group of Aachen-based institutions.

Northvolt intends to build its third gigafactory in Schleswig-Holstein, Germany.

Gore Street has completed the acquisition of a 90% stake in a 28MWh operational energy storage asset in Cremzow, Germany.

Energy storage could garner a market share of one-third by 2025 for the new, pan-European automatic frequency restoration reserve (aFRR) market, which is set to launch in the middle of this year with France and Germany mutualising capacity first.

Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany.