Industry
In the rapidly evolving energy storage sector, announcements and updates come thick and fast. From acquisitions and funding to new business models, the industry is growing and maturing by the day.
The number of gigafactories breaking ground has soared in recent years as the global rush to develop lithium-ion battery production capacity continues.
In parallel, there is a pressing need to develop a circular economy in the sector but also many open questions regarding safe and efficient recycling.
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Latest News
Energy Vault enters Japanese market with 850 MW storage portfolio acquisition
Energy Vault has entered the Japanese energy market through a binding agreement to acquire an 850 MW pipeline of battery energy storage system (BESS) projects, targeting an increasingly congested and solar curtailed grid.
8 minutes ago
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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.
Boralex and Six Nations close financing for 500 MWh Oxford BESS in Canada
Boralex Inc and Six Nations of the Grand River Development Corporation reveal CAD 202 million financing secured for Oxford Battery Energy Storage Project in Ontario. The finance announcement quickly follows Boralex agreement to be acquired by Brookfield and major shareholder La Caisse.
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Relectrify inverterless storage system fast tracked with $25 million ARENA backing
Victoria-headquartered battery technology company Relectrify has received $25 million ARENA backing to help deploy it’s CellSwitch inverterless technology, which promises to deliver 20% more energy over a battery system’s lifetime.
Future-proof or fail: how battery storage projects can thrive in Germany
Germany’s battery storage boom is real but so are the bottlenecks. As capital pours in and gigawatt-hour-scale projects near launch, grid connection delays and regulatory uncertainty are threatening to dampen momentum. At the 3rd BVES Investor Summit in Berlin, more than 500 industry leaders gathered to weigh the hype against the hard realities.
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Energy storage could cut Brazil’s electricity system costs 16% in 2029
Storage is essential to expand renewables penetration and ensure grid flexibility, according to a study by consultants PSR. Regulatory and tax barriers still limit the sector, however, and new revenue sources are needed to make projects viable.
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