UK energy industry regulator Ofgem said it is minded to approve the introduction of a financial commitment for BESS in an attempt to reduce the oversupply of the projects awaiting a grid connection.
Swedish energy infrastructure company Ingrid Capacity has entered a strategic partnership with sustainable investment firm Mirova, which will invest €65 million in two battery energy storage system (BESS) projects totaling 145 MW / 290 MWh in Sweden and Finland. The…
Brazil-based carbon project developer Mombak announced the first close of The Amazon Reforestation Fund II, its second fund focused on financing restoration projects in the Brazilian Amazon. Mombak said that it is targeting raising $150 million for the new fund,…
Compressed air energy storage (CAES) holds much promise for large-scale, LDES, but has struggled to get off the ground outside of China.
A flurry of project completions, financings and supplier deals for large-scale BESS across the Central and Eastern Europe (CEE) region, from Greenvolt, Renovatio & CATL, Eurowind, Renalfa, MOL Group, Tavion, MetaWealth and Enexus & Longi.
The Korea Power Exchange (KPX) has launched a competitive bidding process for its 2026 ESS central contract market. According to the machine-translated documents, the plan is to evaluate and select bids to build energy storage systems with a capacity of…
US energy storage company Energy Vault has acquired a portfolio of U.S. battery energy storage systems (BESS) from Colorado-based developer Goshe Energy Storage, adding two ready-to-build projects totaling 350 MW. Energy Vault announced that the transaction adds approximately 2.3 GW…
AI-powered renewable energy asset management platform Metris announced that it has raised $5 million in a seed funding round, with the proceeds aimed at expanding the company’s platform, AI capabilities and European operations. Launched in 2025, London-based Metris provides an…
Australia’s Victoria mandates new data centres match demand with own renewable energy and battery storage under new rules.
Portugal has postponed two competitive tenders for a combined 1,050 MVA of grid injection capacity for battery energy storage, including 750 MVA for standalone systems and 300 MVA for renewable projects with co-located storage. The procedures were initially scheduled to…