The collapse of Silicon Valley Bank has raised questions around the availability of capital for the clean energy sector, having been a major actor in the space to-date including with Sunrun, Leap, AES, Cypress Creek and other developers.
Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.
An environmental impact assessment (EIA) has been submitted for a renewable energy project combining solar PV and energy storage on the Mediterranean island nation of Cyprus.
The Netherlands needs 10GW of battery storage by 2030 and, while the market is being held back by onerous grid fees, developers like Lion Storage are working on deploying multi-hundred megawatt systems.
Inverter supplier Sungrow and developer Constantine Energy Storage are partnering on 825MWh of BESS projects in the UK, including two with discharge durations of nearly three hours.
Switzerland’s largest energy firm Axpo has entered the battery storage market in Sweden, buying a project from developers RES and SCR set to come online in 2024.
France-based independent power producer (IPP) Qair Energy will deploy 60MWac of solar-plus-storage projects on the island nation of Mauritius after it won a state tender.
Utility Zen Energy has acquired a large-scale 2.5 hour battery storage project from developer and IPP RES in Australia, expected to be online by the end of next year.
