TagEnergy has commissioned a 240MW/480MWh project in France while Iberdrola has done the same with a 58MW/120MWh system in Spain, the two largest projects in each country. Meanwhile Engie, ACL Energy and Chint Solar Europe have moved to construction on projects in Belgium, Italy and Germany.

How should developers and investors think about long-term BESS revenues in light of eventual market saturation?

Allianz GI, Luxcara and Return have acquired BESS projects and portfolios in Germany, Finland and Spain; Low Carbon, OX2, Cero Generation and Revera have taken FIDs on projects in Poland, Finland and the UK; and NHOA Energy has received a 600MWh order in Italy. All in all, the projects total at least 3.7GWh of capacity.

IPP Neoen has enlisted BESS supplier NHOA Energy for its first energy storage project in Italy.

Utility and power generation firm Engie has started construction on a 100MW/400MWh BESS project in Belgium, for which it has enlisted system integrator NHOA Energy to provide the BESS.

System integrator NHOA Energy will provide Spanish transmission system operator (TSO) Red Eléctrica with 140MW/105MWh of BESS for two separate storage-as-transmission projects on the Balaeric Islands.

Taiwan Cement Corporation has increased its valuation of battery storage and electric vehicle infrastructure solutions provider New HOrizons Ahead (NHOA).

Revenues for the energy storage arm of NHOA Group fell in the first half of 2024 because of the market-wide fall in the price of BESS.

NHOA Energy has launched construction on a battery energy storage system (BESS) project for independent power producer (IPP) ERG in Sicily, Italy.

NHOA Energy signed an agreement with Statkraft to supply a battery energy storage systems (BESS) for a 113MWh project in Coylton, Scotland.