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Palisade inks deal to buy 100% tolled Australian big battery project
One of the biggest batteries under construction in South Australia is set to change hands with Australian asset manager Palisade Investment Partners striking a deal to buy the 240 MW / 960 MWh Summerfield project from Copenhagen Infrastructure Partners.
Apr 14, 2026
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CATL invests $600 million in Chinese data center power business
Battery manufacturer increases investment in Zhongheng Electric shareholder, a data center power system provider in China. The deal sees CATL increase exposure to high-voltage direct current (HVDC) infrastructure as AI sector pursues DC architecture for data centers.
Blackstone and Sunotec enter €250 million partnership across energy storage, grid upgrades
Investment firm Blackstone has announced plans for a partnership with solar and storage project developer Sunotec, via a €250 million ($292.4 million) structured equity investment. The investment will support Sunotec’s project plans in Europe, as well as the company’s expansion into new areas including building grid infrastructure.
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New York offers $5 million for long-duration storage projects
The funding will advance the development and demonstration of scalable innovative long duration energy storage (LDES) solutions and be available via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).
TWAICE, NARDAC team to improve insurance terms with battery storage analytics
German battery analytics technology provider TWICE and NARDAC, UK-based insurance broker focused on large energy and infrastructure assets, have partnered to enable improved insurance coverage for battery energy storage system (BESS) asset owners, investors, and lenders.
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Gresham House, Octopus sign two-year, fixed-price BESS deal
One of the United Kingdom’s largest battery storage investors has signed fixed price contracts for roughly half of its portfolio in a landmark deal for the British market. Battery storage market intelligence firm Modo Energy estimates the tolling arrangement to be worth GBP 56,000 ($71,584) per MW per year.
LG Energy Solution offers funding to battery startups
South Korean battery manufacturer LG Energy Solution is on the lookout for potential candidates for its 2024 Battery Challenge accelerator. The competition will award a maximum of 10 global companies with a $30,000 cash prize each, as well as an opportunity to develop their proof-of-concept.
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