The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalised and completed earlier this week.

ENGIE has sold its 60.5% stake in stationary storage and e-mobility solutions company ENGIE EPS to Taiwan Cement Corporation (TCC).

Having previously said that the coronavirus pandemic had badly impacted its financial performance during 2020, a rebound is expected this year and next, ENGIE EPS, the energy storage and e-mobility subsidiary of European utility ENGIE has said.

The success of an auction for fast reserve grid services held by Italy’s transmission system operator (TSO) indicates a strong appetite for battery storage, but market rules and regulations need some revision to capture that opportunity.

The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.

More news in brief from around the world in energy storage.

Battery energy storage systems (BESS) from provider NIDEC ASI will be installed for customers Neoen and Uniper at sites in Finland and Sweden.

Residential energy storage provider Sunverge has won out in a competitive bidding process to provide systems and software for a proposed virtual power plant (VPP) project in Maryland in the US.

Three European Transmission System Operators (TSO) have collaborated to launch a new, blockchain-based flexibility platform, Equigy.

TERNA, operator of Italy’s electricity transmission system, is set to open up a pilot scheme in which up to 230MW of aggregated nominal capacity including energy storage could supply frequency and voltage services to the grid.