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…
On the German energy storage market, significant reshuffles have taken place. The Engie group and the Swedish company Flower have signed a 7-year agreement for managing grid flexibility with a capacity of 126 MW, while developer MaxSolar has selected the…
Fraunhofer Develops Smart Energy Storage Tool for Factories The Fraunhofer Institute for Machine Tools and Forming Technology IWU has developed an innovative tool designed to support energy management in manufacturing companies. The analytical system, known as ESiP (Energy Storage Systems…
The European energy storage market is developing faster than ever before. According to Modo Energy, within just three months projects with a total capacity of 11 GW were announced, while disclosed financing exceeded €3 billion. Importantly, Poland is among the…
One of the first commercial energy storage facilities in the United States based on compressed carbon dioxide technology will be built in Arizona. The project is being developed by Italian company Energy Dome in partnership with U.S. utility Salt River…
Central European real estate developer and investor Futureal Energy Partners has completed the acquisition of a portfolio of battery energy storage projects in Latvia with a combined capacity of 45 MW and 120 MWh. All acquired projects are fully ready…
Backed by global investment firm Carlyle, developer Revera Energy has taken a final investment decision (FID) to build a large-scale battery energy storage system (BESS) with a power capacity of 400 MW and an energy capacity of 800 MWh in…
Munich-based company Entrix GmbH has been selected to optimize and commercialize the large-scale Schloen energy storage project, with a capacity of 36 MW and 144 MWh in northeastern Germany. The project was developed by independent power producer The Dillinger Group…
Germany’s energy storage market has reached a new benchmark. Eco Stor has completed financial close for a battery energy storage project with a capacity of 300 MW and 718 MWh, to be built in Förderstedt. It is described as the…
wo companies listed on the Tel Aviv Stock Exchange—Airengy and Hagag Europe—will invest around €55 million (approximately $63.6 million) in building a compressed air energy storage (CAES) power plant in Romania. The project will use Airengy’s proprietary long-duration energy storage…