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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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How Germany’s DAL finances large-scale batteries
Peer Güntzel, deputy managing director of the asset financing business, explains how he assesses battery revenue potential and risk. While hybrid power purchase agreements (PPAs), for solar-plus-storage sites show promise, generating "merchant" revenue from pure, unsubsidized energy trading could become more difficult.
US Senate Republicans propose sparing batteries harshest elements of anti-Green New Deal legislation
Energy elements of Republicans' Budget Reconciliation Bill would leave the tax credits of battery component factories largely untouched but could target some foreign manufacturers as well as restricting incentives for small-scale batteries.
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At least 18 GW of batteries await Brazil’s planned auction
While Brazil is making progress in customer-side, "behind-the-meter" and off-grid battery solutions – with more than 700 MWh – it still lacks guidelines for a planned gigawatt-scale national auction. Markus Vlasits, president of the Brazilian Association of Energy Storage Solutions (ABSAE), tells pv magazine about the nation's utility-scale battery bottleneck.
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Italian region allocates funding for renewables, energy storage for business
Sardinia's councillor for industry, Emanuele Cani, announced grant funding for small and medium-sized enterprises (SMEs) in the Sulcis Iglesiente mining region and said a wider program of help would be offered across the island in due course.
Why long-duration doesn’t pay – yet.
Despite growing recognition of long-duration storage’s importance, independent system operator (ISO) and regional transmission organization (RTO) market structures in the US still reward short-term response, leaving developers little financial incentive to build batteries with more than two hours of capacity.
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