LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.
Energy storage developer Pacific Green has agreed to acquire two large-scale in-development battery energy storage system (BESS) projects in Poland, Europe.
The government of Poland has proposed a de-rating factor for battery energy storage systems (BESS) in the next capacity market auction of 57%, which one developer warned would be a ‘lethal blow’ for 2- and 4-hour projects.
Paper product company Arctic Paper has tied up with developer S.E.R to deploy BESS projects for ancillary services totalling 24MW at two of its factories in Sweden, with plans to do something similar in Poland.
Developer Columbus Energy and Ukraine-based energy investor DTEK have agreed terms for a 133MW/532MWh BESS project in Poland, one of several to have won long-term capacity market contracts in the last 18 months.
The “momentum behind energy storage,” leading to its wider adoption across the grid in Europe is becoming increasingly undeniable, Energy-Storage.news Premium has heard.
Investor NextEnergy Capital has received a US$110 million capital commitment for its solar PV and energy storage-focused fund, NextPower V ESG (NPV ESG).
UK-based clean energy developer Harmony Energy now has a pipeline of BESS projects that are ready-to-build in France, Germany and Poland, its chief investment officer said at the Energy Storage Summit EU in London last month.
The results of Poland’s recent capacity market auction have been revealed, with a clearing price significantly lower than the previous years and IPP Greenvolt saying it won the lion’s share of around 1.7GW of BESS awarded contracts.
