Spain launches capacity market via auctions, with key rules that support energy storage

Spain will introduce a capacity market for the peninsular electricity system, creating a new revenue mechanism for battery storage, generation and demand-side resources while the government increases planned electricity grid investment through 2030 to more than €17 billion. The Ministry…

Read MoreSpain launches capacity market via auctions, with key rules that support energy storage

Covenergo and Delta Capacity break ground on 125 MW / 300 MWh Finnish big battery

Construction has started on a 125 MW / 300 MWh standalone battery energy storage system (BESS) in Lapinlahti, central Finland. The project is said to be a partnership between European renewable infrastructure developer Covenergo and Swiss storage developer-operator Delta Capacity,…

Read MoreCovenergo and Delta Capacity break ground on 125 MW / 300 MWh Finnish big battery

Kanin Raises $100 Million to Turn Industrial Waste Heat into Carbon-Free Power

Industrial energy developer Kanin Energy announced that it has raised up to $100 million in new equity financing, with the proceeds from the financing aimed at accelerating its deployment of projects turning waste heat into electricity for industrial facilities across…

Read MoreKanin Raises $100 Million to Turn Industrial Waste Heat into Carbon-Free Power