Virtual BESS tolling platform startup Terralayr has raised €192 million (US$223 million), primarily for its own build-own-operate BESS pipeline. CEO Philipp Man spoke to Energy-Storage.news about the funding round and growing its capacity virtualisation and tolling platform.

Matt Szwec, an energy trading analyst at Fluence, discusses virtual battery toll agreements and how they operate in Australia.

Australia’s AGL Energy has acquired Tesla’s South Australia Virtual Power Plant with plans to expand the initiative.

Power generation and trading company Vattenfall has signed a seven-year, 55MW multi-project BESS tolling deal in Germany with owner-operator and virtual aggregator Terralayr.

Hitachi Energy officially launched yesterday, rebranded from Hitachi ABB Power Grids, the business Japanese tech company Hitachi acquired an 80.1% stake in, in July 2020.