The energy transition is driving rapid growth in renewable energy and energy‑storage projects, making them one of the fastest‑expanding segments of the investment market. Rising demand for flexibility in the power system, the development of new generation capacity, hybridization of…
Accelerating the construction of large‑scale energy storage systems in Germany could deliver up to €2.8 billion in savings for households and businesses in 2035 alone. According to a new report by the Institute of Energy Economics at the University of…
How an energy storage system can reduce costs in a manufacturing plant?
Three leaders of the modern‑energy market — Sunrun, Tesla and Renew Home — have announced an agreement to create a virtual power plant with a record‑breaking capacity of 16.8 GW. This massive, distributed platform is designed to instantly support the…
The growing volatility of the energy market means that electricity generation alone is no longer a sufficient source of revenue for gas‑fired combined heat and power (CHP) plants. System services and the ability to optimize unit operation depending on market…
Ukrainian energy company DTEK and British technology group Octopus Energy have established a joint venture that will finance and implement a €100 million program called “Project RISE.” The initiative, which involves the large-scale deployment of rooftop solar installations and energy…
The Asian Development Bank (ADB) has approved a US$63.44 million financing package to support the construction of a large-scale battery energy storage system (BESS) in Cambodia. The 500 MWh project is expected to enhance grid stability, increase the share of…
In the shadow of a diplomatic dispute between Poland’s Foreign Minister Radosław Sikorski and the Mayor of Lviv Andriy Sadovyi, an important agreement between Poland and Ukraine was signed. The National Fund for Environmental Protection and Water Management (NFOŚiGW) and…
Many companies believe that the EU Battery Passport will simply be another QR code placed on a battery. However, this is only a small part of the changes introduced by the new EU regulations. In reality, businesses will have to…