Pacific Green has secured £123.5 million (US$153 million) facility to support construction of its 1.5-hour, 249MW/373.5MWh BESS in Kent, UK.

NHOA Energy has gone from 111MWh of capacity online as of the end of Q3 2022, to a cumulative 535MWh at the end of the same quarter this year.

Power technology firm Wärtsilä has initiated a strategic review of its energy storage and optimisation (ES&O) business, with “all potential alternatives considered” including divestment.

Sweden-based developer Sustainable Energy Solutions Sweden (SENS) has signed a long-term land lease for a 15MW PV, 50MW battery energy storage system (BESS) project.

In a trio of UK battery storage announcements, EDF Renewables has commissioned a 50MW battery energy storage system (BESS), while TagEnergy and Exagen have progressed two projects totalling another 175MW.

Successful optimisation of batteries co-located with wind is complex but could help “unlock a blueprint” for managing assets at portfolio level, the chief executive of UK software company Arenko has said.

Developer Kyon Energy has secured construction approval for a 2-hour large-scale battery energy storage system (BESS) project in Saxony-Anhalt, Germany.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.

Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.