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
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New vehicle to invest €150 million into French BESS
Corsica Sole and Banque des Territoires plan to deploy a portfolio of high-voltage projects on the RTE network representing a total capacity of nearly 2 GWh in France by 2029. To support this ambition, a target investment envelope of up to 150 million euros has been put in place.
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.
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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.
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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.
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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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