NatPower, Tesla sign 25GWh Megapack supply and execution agreement for Italy and UK BESS projects
NatPower and Tesla have signed a multi-year supply and execution agreement covering more than 25GWh of BESS across Italy and the UK.
EU Roundup: Optimisation and offtake for large-scale BESS with Flower and ENGIE in Germany; Entrix and DRI in Poland
Flower and ENGIE sign a 7-year virtual toll for 126MW in Germany, while Entrix wins optimisation rights for DRI’s 133MW Polish BESS.
There is now more installed energy storage capacity than nuclear in Europe, yet ‘no country has reached its potential’
As of the second quarter of this year, installed energy storage capacity in Europe overtook nuclear, according to trade association Energy Storage Europe’s new report.
European utilities’ association Eurelectric: Long-duration energy storage an increasingly viable flexibility option
Long-duration energy storage (LDES) technologies are becoming increasingly viable options to add flexibility to the European electricity network, according to a new report.
EU Roundup: Octopus and Eco Stor financing deals for large-scale BESS in Italy and Germany enable 1.6GWh of capacity
Octopus Energy Generation has partnered with ZE Energy to invest in and build one of Italy’s biggest BESS projects, while Eco Stor has secured financing for one of Germany’s, which it is already building. Optimiser Entrix has also won two large contracts in Germany and the Netherlands.
European BESS M&A ‘up materially’ in Q1, market maturing and repricing risk
What is driving and shaping European BESS project financing and M&A this year?
Europe is ‘walking into new dependencies’ in global battery supply chain
‘We are walking with open eyes into new dependencies,’ said ReCharge’s Ilka von Dalwigk at the Energy Storage Summit.
VDA calls for ‘staged approach’ to implement EU Battery Passport
A ‘staged approach’ to implementing the EU Battery Passport could be essential if Europe is to improve its battery supply chain.
Greenvolt inaugurates Hungary’s largest BESS; pipelines progressed and financed elsewhere in EU
IPP Greenvolt has put a 99.8MW/288.6MWh BESS into commercial operation in Hungary, the largest in the country, while pipelines and projects have been progressed in Italy, France, Netherlands, Belgium and Spain.
Challenges remain for inertia in Germany, but value to BESS ‘will only go up’
The inertia market could be a significant contributor to the German energy mix, despite the challenges that remain.
