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Green Flexibility buys 500 MW of battery storage projects in Germany
The framework agreement stipulates that Hamburg-based Hansa Battery will develop the projects up to the construction-ready stage. Green Flexibility will then assume responsibility for implementation and operation, as well as contribute financially to securing the necessary grid reservations.
Nov 06, 2025
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Sunotec, Shell seal cross-border hedge for 600+ MWh battery storage
In a double announcement, Bulgarian energy storage and solar developer Sunotec confirmed two major milestones: the signing of a cross-border spread hedge agreement with Shell, linked to more than 600 MWh of battery energy storage projects, and the official signing of a 2.4 GWh battery storage supply agreement with Sungrow.
Latvia adds big batteries to complete grid sync with Europe, two major Estonian projects secure finance
The addition of two utility-scale battery energy storage systems (BESS) in Latvia marks the final milestone in synchronizing the Baltic power grids with continental Europe, according to the country’s transmission system operator. Meanwhile, Estonia is advancing two major BESS projects, backed with €85 million in financing, in another key step toward energy independence.
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Varta announces restructuring, delisting plans
German battery maker Varta AG has notified the competent local court in Stuttgart of a restructuring project in accordance with the German Corporate Stabilization and Restructuring Act (StaRUG), as it seeks avert possible insolvency. Various debt and equity financing options are being examined for the updated restructuring concept.
Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
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Akaysha lands $650 million to fund 1,660 MWh Orana battery build
Australian battery storage developer Akaysha Energy has secured a $650 million debt deal that will accelerate the development of what is to be the largest four-hour battery energy storage system in the Australian National Electricity Market.
Brazil’s strategic R&D initative helps learn about energy storage integration into the grid
A total of BRL 300 million ($ 55.5 million) has been allocated to 20 projects proposed by 13 companies. The Brazilian National Electric Energy Agency (ANEEL) announced the results of the winning projects, which should help inform future integration of energy storage projects.
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Australian government to underwrite 1.4 GW of renewables, battery storage projects
The Australian federal government will underwrite a minimum of 1 GW new wind and solar projects and another 400 MW/1,600 MWh of storage capacity in South Australia to help the state progress to its net 100% renewables goal by 2027.
HMC breaks into battery storage as part of 15 GW clean energy push
Australian asset manager HMC Capital has signed an AUD 50 million ($33.77 million) deal to acquire a majority stake in Sydney-headquartered battery project developer Stor-Energy, which is looking to progress 1.4 GW of battery storage projects across Australia.
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