Neoen Australia has signed virtual battery agreements with energy retailers Nectr and SmartestEnergy for Stages 2 and 3 of the Western Downs Battery in Queensland.

CATL will supply the BESS units for Grenergy’s two large-scale energy storage projects in Spain, both of which have decade-long tolls.

There’s been progress on several large-scale BESS projects in the UK, with Matrix Renewables securing financing for its Eccles project and BW ESS enlisting EDF to optimise its Hams Hall one; plus smaller announcements.

IPP Grenergy has entered into a long-term toll with an ‘investment grade’ international utility for a solar PV co-located BESS of 680MWh in Spain.

Gridstor and Axpo have executed an energy storage revenue swap agreement for a 220MW/440MWh BESS in Galveston County, Texas.

American Battery Factory (AFB) has secured offtake agreements for 4.5GWh of its initial 5.5GWh US factory output.

Physical tolling agreements have become increasingly popular in Europe, according to experts at Energy Storage Summit 2026.

The Board of Supervisors (BoS) for Arizona’s Pinal County has given the go-ahead to developer and IPP esVolta to construct 3.2GWh BESS within its unincorporated territory, and two utilities are in talks to procure some of its capacity.

IPP Zelestra and utility EDP’s recent PPA deal for a solar-plus-storage project in Spain was the first of its kind in Europe and ‘moves the market forward’, a Zelestra executive told Energy-Storage.news.

California Community Choice Aggregator (CCA) Clean Power Alliance (CPA) last week (8 December 2025) moved one step closer to executing agreements for offtake with two companies developing innovative thermal battery storage projects.