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US Round-Up: NineDot closes $431M financing for NYC, e-STORAGE inks 503 MWh Texas deal, FlexGen brings 174 MW online
The flurry of US news in this round-up include's NineDot Energy's funding for NYC community storage, e-STORAGE partnering with Sunraycer in ERCOT, FlexGen reaches commissioned project for Alliant Energy, and Ameresco finalizes tax credit transfers for its storage portfolio.
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Byhmgard pushes further into Finland with second major BESS deal announced
Stockholm-based Byhmgard announced today that it signed a new deal to deliver four battery energy storage solutions (BESS) to projects in Finland for Finnish company Solarigo Systems Oy (Solarigo). It’s the second deal between the parties: the newly announced order value for 21 MWh of projects, with projected revenue for Byhmgard of just over $3.6 […]
German TSOs introduce maturity-based procedure for grid-scale battery storage connections
The new procedure replaces the previously applicable first-come, first-served principle for grid connections of large plants with a capacity of 100 MW or more. The initial information and application phase is scheduled to begin on April 1. Any pending grid connection requests will be transferred to the new procedure.
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China switches on 1 GW of PV on salt-alkali tidal flats, paired with 400 MWh of energy storage
Huadian Group and PowerChina have activated a 1 GW solar project on salt-alkali tidal flats in China’s Shandong province, paired with 200 MW/400 MWh of storage. The facility features PV modules installed above brine pools.
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MACSE auction: A game changer for Italy’s energy storage sector
With the first auctions for procuring new storage capacity in Italy expected in the second quarter of 2025, Aurora Energy Research has analyzed the internal rate of return for projects supported by the Energy Storage Capacity Procurement Mechanism (MACSE) and found that in certain cases expected returns exceed 9%, providing a high level of revenue security. However, as Aurora’s Maddalena Cerreto tells ESS News, there are also zones where the expected profitability of merchant investments outcomes the MACSE ones.
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