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EDP plans €1.3 billion investment in French renewables, storage
Portuguese energy company EDP has announced plans to invest €1.3 billion ($1.5 billion) in France by 2030 to develop more than 1 GW of onshore and offshore wind, solar, and energy storage projects. The announcement was made at the Choose France summit, held June 1 at the Palace of Versailles. EDP said the investment will […]
Aukera Energy reaches financial close on 340 MWh BESS in Belgium
“This is our home and we are here to build” says Aukera co-founder, as capacity market success and local backers help utility-scale project over the line. The two-hour Project Volt battery energy storage system (BESS) is expected to enter commercial operation in mid-2027.
Poland’s capacity market supports BESS investment, OX2 joins with 120 MWh project
Swedish developer's first foray into Polish energy storage market follows success in capacity market auction. Green Capital S.A. and Prime Captial AG also announce joint venture to build two projects with capacity market contracts.
Spain’s capacity market to give BESS a bankable revenue floor
Spain's newly approved capacity market is not designed as a storage incentive, but the country's battery industry says it will function as one – giving standalone battery energy storage systems (BESS) the bankable revenue floor that project finance has been waiting for.
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Falling li-ion battery prices mirror solar photovoltaics trends: Is there a role for second-life batteries before recycling?
Lithium-ion batteries are everywhere, powering everything from consumer electronics to electric vehicles, residential PV storage systems, and, more recently, mitigating curtailment in large-scale wind and solar power plants. EVs are driving large-scale demand for Li-ion batteries which will result in substantial volumes of spent batteries in the near future. This scenario highlights the potential for repurposing EV batteries for second-life stationary applications, which could maximise their value before recycling. However, to fully realise this opportunity, several economic, technical, and regulatory challenges must be addressed and resolved.
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