How can energy storage capitalise on energy price volatility in European markets, and how do investors need to think about future opportunities and challenges? An expert panel at the Energy Storage Summit 2026 in London in February dived into the topic.
Multinational power firm Engie has acquired two large-scale BESS projects in Spain, paired with synchronous condensers and has launched construction on a BESS in France.
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.
We caught up with the CEO of owner-operator BW ESS, Erik Strømsø, about the firm’s next deployment plans, tolling trends, procurement and LDES, with its 11.5-hour Bannaby BESS in Australia further proof of lithium-ion’s long-duration potential.
How to enable bankability for large-scale BESS projects was the main topic of the opening panel discussion at the Energy Storage Summit 2026 which kicked off today (24 February).