The levelized cost of electricity (LCOE) for four-hour battery storage has crossed a critical threshold, falling below open-cycle gas turbines across all 43 global markets modeled by Wood Mackenzie. However, while expanding manufacturing and volatile fuel prices drive gas peaking…
Italy’s Ministry of Environment and Energy Security (MASE) has authorized five battery energy storage system (BESS) projects totaling 468.2 MW across Piedmont, Friuli-Venezia Giulia, Puglia and Emilia-Romagna. The approvals follow a record September, when the ministry issued single authorization (AU)…
Brazil’s fifth Eco Invest Brasil auction has earmarked BRL 4.55 billion ($860 million) for batteries and energy storage systems, representing 70% of the BRL 6.5 billion allocated to critical minerals, batteries and electric mobility. Approved on Oct. 7 by the…
The government of South Africa is planning to procure 4.6 GW of battery storage and 5 GW of gas-fired power plants as the first allocations under the country’s Integrated Resource Plan (IRP) 2025. South Africa’s IRP sets a target of…
The European Financial Reporting Advisory Group (EFRAG) revealed that Kerstin Lopatta has stepped down as EFRAG Sustainability Reporting Board Chair, only 5 months into her 3-year term. While EFRAG did not respond to a request for comment around the circumstances of…
South Korea’s Ministry of Climate, Energy and Environment (MCEE) has unveiled its KRW1,000 trillion (US$747 billion) Korean Green Transformation (K-GX) industrial strategy.
Mint Renewables has received planning approval for an 800MWh battery energy storage system (BESS) near Kojonup in Western Australia.
Marinus Link held a sod turning ceremony in North West Tasmania to mark the start of expanded construction.
The Government of South Korea announced the launch of its new Korean Green Transformation (K-GX) Strategy, including plans to mobilize 1,000 trillion won (USD$747 billion) over the next ten years towards the achievement of its climate goals, with a focus…
Finnish startup Truman Data has made its Energy Coop virtual power plant (VPP) platform available to its first customers in Finland, pitching it as a revenue-sharing alternative to long-term battery-as-a-service contracts for property owners and municipalities. The company said the…