Engie and German energy storage company Return have signed an agreement for 300 MW of additional battery flexibility in Germany. Structured as a virtual flexibility purchase agreement (vFPA), the deal takes Engie’s total contracted flexibility capacity with Return in Germany…
Industrial certification provider Isometric announced an investment by financial technology and data services provider and exchange operator Intercontinental Exchange (ICE), expanding its Series A financing round, alongside new investors, to $50 million, from an initial $40 million announced in June.…
Rajasthan could save up to INR 85 billion ($886.4 million) in power procurement costs in 2030 by meeting its emerging reliability needs through renewable energy and storage rather than new coal capacity, according to a new study by New Delhi-based…
Flexible Connection Agreements (FCAs) must not be used simply to exclude BESS from connecting to the grid, but the industry will have to make do with them and all their imperfections for the foreseeable.
Lawmakers in the European Parliament voted 464 – 50 on Tuesday on the adoption of a negotiating position on proposed changes to the Carbon Border Adjustment Mechanism (CBAM), the EU’s carbon tax on imported goods, including extending CBAM to include hundreds…
Since about 2020, AI has largely focused on training bigger and better models. Large language models (LLMs) ballooned from millions of parameters to trillions. This proved effective: The largest version of OpenAI’s GPT-3, released in 2020, correctly answered just 43.9…
Chinese energy storage system manufacturer Biwatt has unveiled a modular sodium-ion battery energy storage system for commercial and industrial (C&I) applications. The PowerLake I3 platform spans configurations from 43.6 kWh to 2,092.8 kWh and is offered as an indoor rack or an…
Global investment firm Schroders’ impact investment management arm BlueOrchard announced today that it has raised $250 million at the first close of the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), its blended finance fund focused on backing climate mitigation and adaptation…
Romania’s Ministry of Environment, Waters and Forests (MMAP) has finalized the rules for a national battery-storage subsidy program after a public consultation that drew more than 200 submissions. The scheme, administered by the Administrația Fondului pentru Mediu (AFM), funds the…
In 2003, Martin Eberhard, a cofounder of Tesla Motors, decided it was time to start wooing investors. To do that, however, he needed an electric car. So he talked to Alan Cocconi and asked if he could borrow the tZero,…