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Swiss second-life battery startup Libattion secures EUR 14 million funding
Libattion, which turns discarded European electric vehicle (EV) batteries into energy storage systems, is planning a big push for growth. The managing director of A&G Energy Transition Tech Fund, the main backer, said the startup provides an economic alternative to the growing problem of waste from EV batteries while offering an “optimal supply alternative for stationary energy storage.”
Jun 28, 2024
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India: SECI launches 1 GW/2 GWh battery storage tender, Serentica seeks partners for 800 MWh standalone battery projects
Solar Energy Corp. of India (SECI) has started accepting proposals to set up 1 GW/2 GWh of standalone battery energy storage systems (BESS) connected to India’s interstate transmission system (ISTS). Bidding closes on August. 5. Meanwhile, Serentica is seeking technical partners worldwide to set up interstate transmission system-connected battery energy storage systems to supply 800 MWh of battery capacity to Serentica’s round-the-clock green energy projects.
Overall BESS quality has massively improved, but safety incidents make headlines
Any discussion about the quality of battery energy storage system (BESS) projects must consider safety. This was something that all three of the panelists who participated in pv magazine’s Focus event at The Smarter E in Munich last week agreed upon.
Sosteneo, Enel finalize partnership for 1.7 GW battery storage rollout in Italy
The Generali Group company has signed an agreement to acquire a minority share of Enel Libra Flexsys, which aims to roll out 1.7 GW of battery energy storage projects in Italy. "Revenues are fully contracted for 15 years through capacity agreements with Enel as well as capacity payments from Enel that are backed by Terna, Italy’s transmission system operator,” Sosteneo says.
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In Conversation: ‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Bulgaria initiates consultations on 3 GWh standalone energy storage tender
The Bulgarian Ministry of Energy is readying to launch a tender on September 2 and provide CAPEX support for the construction and commissioning of 3 GWh of standalone energy storage facilities. The public call is for projects equal to or greater than 10 MW with at least two hours of storage capacity, which will be primarily used in the frequency regulation markets.
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