Finnish technology group Wärtsilä has transferred its global energy storage business to Valo, a joint venture it owns equally with German engineering company RCT Solutions, and said it expects the new company to lose money in 2026 before turning positive…
Swedish green iron and steel maker Stegra announced the completion of a 100-day review of its project to build the world’s first large-scale green steel plant in Boden, Sweden, revealing that it will require more capital to complete the project due…
Battery energy storage systems (BESS) are increasingly being positioned as essential infrastructure investments rather than purely financial assets, as seen in a series of strategic partnerships announced in late September that integrate storage with broader energy and digital infrastructure strategies.
Maharashtra’s electricity regulator has proposed mandatory BESS for renewable projects seeking grid connectivity.
Antora Energy has a deal to deliver a 5.8 GWh, multi-day thermal energy storage project for Pratt Energy in Kansas. It is the second major thermal battery project announced by Antora in 2026. The agreement will see Antora Energy’s thermal…
It’s disheartening how much power gets generated and then promptly lost as it travels through grid networks. This leaking of electricity happens when it vanishes as heat as well as when it is pilfered by thieves and nonpaying customers. More…
UK pension scheme Nest announced that it has awarded investment manager Wellington Management with a £3.5 billion (USD$4.6 billion) mandate to manage its emerging markets equity strategy, in a move aimed at strengthening the strategy’s ESG risk evaluation and stewardship.…
Wärtsilä’s energy storage business will now operate under the new brand name Varo, following the close of the company’s joint venture (JV) with RCT Solar.
Amazon and energy producer Constellation Energy announced a new 20-year power purchase agreement (PPA) aimed at supporting the continued operation and expansion of Constellation’s Calvert Cliffs nuclear plant in Maryland, and providing Amazon with carbon-free energy.. According to Constellation, the…
Juniper Green Energy has expanded the Bikaner-II project in Rajasthan, India, with 100 MWh of additional BESS capacity, bringing the site’s commissioned storage capacity to 201 MWh. The additional capacity was commissioned through the company’s wholly owned subsidiary, Juniper Green…