Organic flow battery company CMBlu Energy has closed a €50 million (US$58.76 million) Series C financing with participation from Samsung Ventures.

We catch up with James Mills, managing director of UK BESS investor Adaptogen Capital, about UK market dynamics, its expansion into Europe, and BESS capex in 2026 and beyond.

A quartet of Germany BESS project announcements: Green Flexibility has completed a project, Suncatcher has enlisted Statkraft to optimise three solar-plus-storage ones, SWB and Be.storaged are together building a system, while ArcelorMittal has enlisted EDF Power Solutions to do so.

Large-scale BESS projects have been progressed to construction, financing or operations across the EU this week, by project owners, investors and EPC firms re:cap, LONGi, Teos, Flower, Goldbeck Solar, SPP and Tavion.

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 RWE has partnered with distributed battery storage firm Polarium for a battery-based virtual power plant (VPP) in Germany.

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.

Akaysha Energy has entered into a deal with Copenhagen Energy to advance “mega-scale” battery energy storage projects in Germany.

Over 1.4GW/3.4GWh of grid-scale BESS came online in Europe, likely its best month ever, accounting for almost a fifth of global figures.

NGEN and Harmony Energy have made strides in deploying large-scale BESS projects in Germany, launching construction and securing pipeline financing respectively.