Engie agrees offtake deal with developer for 625MWh of Spain BESS
Power firm Engie has entered into a long-term flexibility purchase agreement with developer Ignis for 625MWh of BESS capacity in Spain.
admin
Italian energy major acquires 25% stake in Chilean lithium project
Eni has signed an agreement to acquire a 25% stake in Black Giant SpA, a Chilean subsidiary of EnergyX developing a lithium project near the Salar de Punta Negra in northern Chile. Eni’s total phased investment amounts to $225 million.…
Eni starts building 16 GWh battery factory hub in Italy
Eni Storage Systems, a joint venture between Eni Industrial Evolution and FIB (Seri Industrial Group), has started construction of a new lithium iron phosphate (LFP) battery manufacturing hub in Brindisi, southern Italy. The project will primarily produce batteries for stationary…
Development fund commits $30 million to 600 MWh storage project, solar array in Egypt
The Emerging Africa & Asia Infrastructure Fund (EAAIF) has committed $30 million in a senior secured corporate loan to Hassan Allam Utilities, primarily to support the Minya project in Egypt, which Hassan Allam Utilities and EAAIF describe as a 1,000…
Deutsche Bank Invests in Sustainable Aviation Fuel with Lufthansa
Deutsche Bank announced a new agreement with Lufthansa group to invest in the deployment of sustainable aviation fuel, as part of its strategy to reduce the climate impact of business travel. Under the new agreement, Deutsche Bank will invest in…
NTPC REL seeks contractor for 300 MW/1,200 MWh storage project in India
NTPC REL has started accepting online bids to provide EPC services for a 300 MW/1,200 MWh battery energy storage system (BESS). The project will be connected to the interstate transmission system (ISTS) at the company’s Nokhra solar plant in Rajasthan.…
Climentum Launches New Climate Tech Venture Fund with €60 Million First Close
Climate tech-focused venture capital firm Climentum Capital announced the launch of Climentum Capital Fund II, its second fund aimed at supporting early-stage climate technology startups across Europe. The new fund is being launched with €60 million (USD$68.4 million) in commitments…
Ofgem approves rule changes for UK frequency response markets
Battery asset owners trading in Great Britain’s frequency response markets faced a mixed outcome after Ofgem ruled in favor of some rewrites to the terms and conditions governing its Dynamic Response suite of frequency services, while rejecting others. Grid operator…
Cuba commissions first 50 MW battery energy storage system
Cuba has commissioned its first 50 MW BESS at the Cotorro substation in Havana, according to state media reports. The system has already undergone live testing under grid disturbance scenarios, including the loss of generation from the Antonio Guiteras thermal…
European Commission Adopts Finalized Corporate Sustainability Reporting Standards
The European Commission announced on Friday the adoption of the finalized revised European Sustainability Reporting Standards (ESRS) for companies covered by the EU’s mandatory Corporate Sustainability Reporting Directive (CSRD) and its voluntary reporting standard for smaller companies. The adoption of…