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Hithium to invest €400 million in Spanish mega battery factory
Chinese multinational Hithium is considering building a battery and energy storage systems manufacturing plant in Navarra, with an initial investment of around €400 million and the potential to create up to 1,050 jobs across two development phases.
Romania: Financial close for 1 GWh co-located battery; construction starts on 116 MWh BESS retrofit
Vienna-based IPP Enery has secured €460 million green financing for one of Europe's biggest hybrid solar-and-storage project, while Denmark’s Eurowind Energy has kicked off installation of its 120 MWh Teiuș battery system, highlighting major momentum in Romania’s renewable energy transition.
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South Korea to invest $223 million in next-generation distributed grid, including ESS
The South Korean government has announced plans to invest KRW 321 billion ($222.6 million) in 2026 to upgrade regional distribution networks, deploy 85 energy storage systems, and expand solar integration while piloting microgrids and market reforms.
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Pexapark records 10 BESS-linked PPAs in Europe in January
The Swiss consultancy reported the signing of 12 power purchase agreements (PPAs) totalling 724 MW across Europe in January, along with 10 commercial agreements related to battery energy storage systems (BESS) with a combined capacity of 934 MW.
Australian battery manufacturer lands funds for expansion plans
Perth-headquartered energy storage and battery-based power systems specialist Magellan Power has teamed with specialist investment manager Viburnum Funds to boost its manufacturing capabilities and fund expansion in Australia and internationally.
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