Sosteneo, Enel finalize partnership for 1.7 GW battery storage rollout in Italy
The Generali Group company has signed an agreement to acquire a minority share of Enel Libra Flexsys, which aims to roll out 1.7 GW of battery energy storage projects in Italy. “Revenues are fully contracted for 15 years through capacity agreements with Enel as well as capacity payments from Enel that are backed by Terna, Italy’s transmission system operator,” Sosteneo says.
CATL signs 4 GWh supply deal with Israel’s BLEnergy
Chinese battery manufacturer CATL is expanding its presence in the Middle East and Europe via a 4 GWh long-term supply agreement with Israeli integrator BLEnergy.
‘Good time to be battery storage developer’
At Intersolar Europe 2024, ESS News spoke with George Hilton, research and analysis manager at S&P Global, about the state of play in the battery energy storage supply chain and falling prices. According to Hilton, the overcapacity at every level of the supply chain has led to prices that are no longer sustainable for many market players. Meanwhile, technological innovation has led to an unprecedented variety of battery storage technologies on offer, and for a great number of markets the right time to jump in is now.
Hoymiles launches AC-coupled battery for balcony PV systems
The Chinese company says its new product has a storage capacity of 2,240 Wh and an expected lifespan of 6,000 cycles.
Lion Storage secures permit for 1.5 GWh battery project in the Netherlands
Dutch developer Lion Storage has secured an irrevocable building permit for its 364 MW/1457 MWh battery energy storage project located in the Vlissingen port, in the southwestern Netherlands.
Australian grid operator to boost system strength with synchronous condensers
Transgrid – the owner of the power grid in New South Wales, Australia – aims to roll out up to 14 synchronous condensers and 4.8 GW of batteries with “grid-forming” capability to stabilize the electricity grid as coal-fired power plants retire and more renewables come online.
Elements Green secures approval for 360 MW/720 MWh storage project in UK
UK-based solar and energy storage developer Elements Green has secured planning consent for its Staythorpe Battery Energy Storage System (BESS) project in the UK. The system will be colocated with a massive 800 MW solar farm.
Fire at South Korea primary lithium battery factory kills 22
At least 22 people, most of them foreign nationals, were killed in a massive fire at a South Korean factory that manufactures non-rechargeable lithium batteries in Hwaseong city, just south of Seoul. The cause of the blaze is still being investigated.
Israel to provide incentives for hybrid solar inverters
Israel’s Ministry of Energy says it will exempt hybrid solar inverters from purchase tax and customs duties. It claims that these policy mechanisms will help during energy emergencies.
Larsen & Toubro wins 185 MW/254 MWh solar-plus-storage project in India
Larsen & Toubro (L&T) has secured a contract to build a 185 MW grid-connected solar project and a 254 MWh battery energy storage system (BESS) in Bihar, India.
