Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) each announced the release of a series of proposals aimed at simplifying disclosure requirements and reducing the reporting burden for companies, asset managers, banks and insurers under the EU…
Vena Energy, the renewable energy arm of Singapore-based power company Vena Group, said it has raised approximately AUD 1.4 billion in green financing facilities to support the continued operation and construction of more than 600 MW of solar and 1 GWh…
Socomec has unveiled two BESS products aimed at C&I applications and grid-scale use cases, as electrification and rising demand for energy flexibility continue to drive storage deployment. The French energy conversion specialist is expanding its storage portfolio with SmartSys C260…
Alternative asset manager KKR and South Korean industrial conglomerate SK Group announced the launch of a new renewable energy platform valued at KRW 2 trillion (USD$1.3 billion), creating Korea’s largest renewable energy business, and aimed at addressing Korea’s surging clean-power demand…
A roundup of recent large-scale BESS activity in the UK, with IPPs ContourGlobal, Zenobē and Revera buying or taking FID on three separate projects totalling 3.6GWh of capacity.
State of charge (SOC) is on the face of it a straightforward measurement for batteries and BESS. But in reality, it’s highly complex and under- or over-reporting still happens in the industry, leading to under-performance and losses in revenue.
Amazon announced a multi-year agreement to purchase nearly 2 million tonnes of carbon removal credits from a nature restoration project in South Africa, with the company’s investment enabling the expansion of one of the largest carbon removal projects in the…
A significant majority of executives report that have a strong understanding of their companies’ sustainability strategies, yet fewer than one in five companies currently use robust methodologies to quantify the financial impact of sustainability on value creation and future performance,…
Brookfield Asset Management and fuel cell technology provider Bloom Energy announced a major expansion in their partnership, with Brookfield committing $25 billion to finance the deployment of Bloom’s fuel cell technology to support the power needs of AI infrastructure globally.…
Tank storage company Vopak has marked its energy into the BESS sector with a final investment decision (FID) for a 200MW/800MWh BESS in the Netherlands, which recently entered into a first-of-its-kind agreement with TSO TenneT.