The spinout and change in ownership of Mitsubishi Power Americas’ energy storage activities into standalone unit Prevalon will make it as ‘nimble and fast-moving as possible’, its CEO said, while not ‘chasing market share for the sake of market share’.
BESS price falls have pushed many marginal projects in merchant markets into a rate of return needed for investment, US developer Available Power told Energy-Storage.news amidst the sale process for its own 100MW/200MWh ERCOT project.
Utility and IPP Enel has sold a 49% stake in its subsidiary that will own and operate 1.7GW of battery energy storage system (BESS) projects in Italy, to investor Sosteneo.
We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.
US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.
Vanadium producer Largo Inc has appointed financial advisors to undertake a “strategic review” of its downstream energy storage deployment arm Largo Clean Energy.
The co-founder of new US developer Granite Source Power (GSP) discussed its for-sale 2GW ERCOT BESS pipeline including a large, 500MW project near Houston, and why it entered the market.
Developer Altea Green Power is selling 2GW of battery storage projects in Italy with expected ready-to-build (RTB) status in Q2 2025 – and responded to cautionary comments about large early-stage deals.
Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.
