Ark Energy has secured a financial investment decision (FID) for its Richmond Valley solar and BESS project in the Northern Rivers region of New South Wales, Australia. The decision, approved at an extraordinary board meeting of parent company Korea Zinc…
Brazil’s electricity regulator, Aneel, has published draft rules for the country’s first capacity reserve auction for battery energy storage systems (LRCAP-BESS), proposing stricter project qualification requirements, higher financial guarantees, and new disclosure rules for investment funds. The proposals are set…
Modo Energy, a London-based data analytics platform provider for the battery storage and renewable energy industry, has secured a AUD 24.34 million growth funding package to finance product development and expand coverage and operations into new markets. Founded in the…
The AfDB’s board of directors has approved a €100 million loan to Gotion Power Morocco to finance the development of an integrated cathode-to-cell LFP battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone. The development bank said it also plans to…
Tunisia’s national utility, STEG, has authorized households and businesses connected to the low-voltage grid to install battery energy storage systems paired with hybrid inverters, as an unprecedented heatwave drives record electricity demand and puts increasing strain on the country’s power…
German startup Revolta has launched a high-voltage battery storage system for residential applications based on sodium-ion technology. Each battery module has a capacity of 2.0 kWh, and up to 10 modules can be connected in parallel, enabling the system to…
Qair has signed a three-year agreement with French battery analytics company PowerUp to deploy battery monitoring software across four BESS projects under construction in Mauritius. The agreement follows a benchmarking process conducted by Qair to identify a battery analytics platform…
Statkraft has procured battery equipment for a battery energy storage system (BESS) it is installing at the repowered Montes de Cierzo wind farm in Tudela, northern Spain. The system will include six lithium-ion battery containers with 14.26 MW of power…
Low battery prices in the first three quarters of 2025 led to record-low tariffs in standalone battery tenders in the range of INR 160,000 ($1,660)/MW/month to INR 190,000 However, increasing battery prices in recent months, driven by tightening supply of…
Grupo Setta has launched a new line of battery energy storage system (BESS) solutions for industrial, commercial, critical infrastructure, and agricultural customers in Brazil. The company said the systems are designed to improve energy supply reliability, reduce operating costs, and…