The transferability provisions under the Inflation Reduction Act (IRA) in the US “will unlock billions” in capital for clean energy, said financing firm Evergrow as it claimed the first tax credit transfer transaction.

Northvolt intends to use its vertical European supply chain to differentiate itself in a ‘fiercely competitive’ energy storage market, executives said.

Developer Banks Renewables has unveiled plans for a 200MW/400MWh BESS in Scotland, the same week its parent company agreed to sell it to investor Brookfield.

German-Norwegian firm Eco Stor has revealed another 300MW/600MWh battery energy storage system (BESS) in Germany, with construction planned for the end of 2024.

Energy-Storage.news caught up with Yann Brandt, chief commercial officer (CCO) at FlexGen, the US system integrator with a strong focus on software through its Hybrid OS controls platform.

Octopus Investments Australia has bought one of the biggest BESS projects in development in the country, from developer Firm Power.

Developer Redelfi and investor WRM Group have signed a term sheet to create a joint venture (JV) targeting 2.8GW of standalone battery storage investments in Italy over a three-year period.

Quinbrook Infrastructure Partners has raised £620 million (US$750 million) for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.

UK prime minister’s decision to delay net zero policies is disappointing, but unlikely to deter its battery storage industry.

The European renewable energy IPP arm of Korean conglomerate Hanwha Group, Q Energy, has started building one of the largest battery energy storage system (BESS) projects in France.