Investor Quinbrook Infrastructure Partners has acquired exclusive project development rights for a 230MW/460MWh battery energy storage system (BESS) in Wales, UK.
UK-based Connected Energy has raised £15 million (US$18.4 million) from five new investors to help scale up its second life-based battery energy storage system (BESS) solution.
European battery energy storage deployments are expected to plateau over 2024-27 due to lithium-ion scarcity whilst the continent will need 200GW by 2030 to accommodate additional renewables, according to a new report and webinar.