UK BESS project premiums, valuations down as revenue expectations drop
Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.
World’s energy storage capacity forecast to exceed a terawatt-hour by 2030
Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.
Siemens Energy to deploy ‘first’ synchronous condenser-BESS hybrid project in Ireland
Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.
‘Joint-biggest BESS in Europe’ brought online by UK investor Harmony Energy Income Trust
UK battery storage investor Harmony Energy Income Trust (HEIT) has energised two grid-scale battery energy storage system (BESS) assets, including one of the same size as its flagship ‘largest BESS project in Europe’.
Harmony Energy Income Trust energises ‘joint-biggest BESS in Europe’
Harmony Energy Income Trust has energised two grid-scale BESS assets, including one of the same size as flagship ‘largest project in Europe’.
‘Extremely attractive revenues’ for BESS in Nordics as SENS and Ilmatar progress Sweden projects
Battery energy storage systems (BESS) in the Nordics are seeing “extremely attractive revenues”, Finland-based optimiser Capalo AI said, as developers SENS and Ilmatar announced 70MW of projects in Sweden.
‘First’ synchronous condenser-BESS hybrid project to be deployed in Ireland
Siemens Energy is set to deploy the “first” synchronous condenser and a battery energy storage system (BESS) with a capacity of 160MWh for a hybrid project in Ireland.
Fluence talks CEE: ‘Region can leapfrog developed markets’
The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.
Bulgaria launches grants for renewables and 350MW of energy storage
Bulgaria is launching a public consultation into a grant auction scheme for renewable energy and up to 350MW of energy storage facilities.
Aquila Clean Energy on Poland: ‘not undersupplied’, higher financing costs and a two-year window to get in
The energy storage market in Poland is “not an undersupplied one”, has higher financing costs and there is a two-year window in which you need to get in to capitalise on the opportunities, said renewable energy developer and IPP Aquila Clean Energy.
