Portugal-based Greenvolt Power has inaugurated one of Poland’s largest battery energy storage systems (BESS), with a second facility of the same size expected online by year-end. The facility has a power rating of 200 MW and a storage capacity of…
Global consultancy Bain & Company announced the appointment of Matteo Capellini as Global Head of its Sustainability Value Creation Solution, the firm’s practice focused on the integrations of sustainability strategies into business strategies, to transform ESG aspects from regulatory considerations…
Funding to support 370 MWh of new BESS capacity in Slovenia has been approved under EU state aid rules, with €59 million expected to be disbursed before Dec. 31, 2030. The European Commission announced on July 31 that Slovenia’s proposed…
Sonnedix said it has closed a €730 million financing package for the refinancing, optimization and construction of PV and battery energy storage system (BESS) assets across Italy, Spain, Portugal and France. The financing covers approximately 540 MW of PV plants…
Brookfield Asset Management announced the launch of Lumara Energy, a new India-based platform focused on accelerating the development and construction of renewable energy projects. The launch of the new platform comes as India continues to scale up its investments in…
The Public Safety and Homeland Security Bureau (PSHSB) of the US Federal Communications Commission (FCC) has classified foreign-produced power inverters and “advanced robotic devices” as national security threats.
Retail giant Walmart revealed that it has set a new operational emissions target, with a goal to reduce Scope 1 and 2 greenhouse gas emissions by 28% by FY2031 from a FY2025 baseline. The new target was announced in Walmart’s…
Antora Energy has raised $550 million in a Series C funding round that saw the US energy storage company secure capital from new and existing investors. The funding announcement quickly follows the company’s deployment of a 50 MW/5GWh thermal battery…
Chinese battery manufacturer Gotion High-Tech is set to commission Africa’s first battery gigafactory in Morocco, where it will manufacture lithium iron phosphate (LFP) batteries for electric vehicle and stationary energy storage applications. The facility, located in the Atlantic Free Zone…
This article is brought to you by COMSOL. In pursuit of improved range, greater reliability, and faster charging, electric vehicles are driving the demand for high-voltage electronics. Other applications driving this demand include wind farms, data centers, and server farms,…