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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.
Brookfield, La Caisse acquiring Canada’s biggest BESS developer in $6.5 billion deal
French-Canadian developer behind 1.2 GWh Hagersville BESS agrees to acquisition deal following review and board approval. New owners have pledged to invest in project pipeline for developer with international portfolio of solar, wind and BESS projects.
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UK regulator unveils first details of LDES cap-and-floor scheme
Ofgem sets out proposals for long-duration energy storage support scheme in letter to industry. Increased minimum capacity requirements and secured grid connection agreements floated as regulator acknowledges need to move quickly to meet government deployment targets.
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UK plans for 23 GW battery storage fleet by 2030
Clean Power 2030 plan unveiled by UK government includes key role for battery energy storage systems (BESS) in providing short-term flexibility. Support for long-duration energy storage (LDES) and changes to standing charges for behind the meter storage also proposed.
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