EDF Power Solutions to take 20% stake in Scatec solar-storage project in Egypt
Oslo-based Scatec ASA says it will retain majority ownership in Egypt’s 1.1 GW solar and 100 MW/200 MWh Obelisk project, with EDF Power Solutions taking 20% and Norfund 25%.
European energy storage startups raise €2.14 billion in equity funding
European energy storage hardware startups have secured €2.14 billion ($2.5 billion) in equity funding for commercial, industrial, and grid-scale applications, says Avnet Silica. Nearly half of that funding was raised in the past three years, and more than 80% in the last five.
China powers up nation’s largest standalone battery storage project
A 500 MW/2,000 MWh lithium iron phosphate battery energy storage system has entered commercial operation in Tongliao, Inner Mongolia, after five months of construction, with total investment of CNY 1.5 billion ($212.2 million) and designed for peak shaving and renewable integration.
Indian state sets record low battery storage tariff
Rajasthan Rajya Vidyut Utpadan Nigam Ltd. (RRVUNL) has concluded its tender for a 500 MW/2,000 MWh standalone battery energy storage system (BESS) at a price of INR 285,000 ($3,195)/MW per month, the nation’s lowest to date for a four-hour, single-cycle system.
Global grid-scale BESS deployment rises 38% through October
Global grid-scale battery energy storage system (BESS) deployments have hit 156 GWh year-to-date. Over 153 GWh are still slated for commissioning in 2025, though delays and cancellations are likely to trim that total by year-end.
Sinovoltaics updates financial stability ranking for battery manufacturers
The quality assurance service provider’s latest financial stability ranking has Tesla, Mustang Battery and Solid Power in the top three spots again, in a report that tracks manufacturers’ Altmann-Z scores over the past three years.
Engie completes 800 MWh battery in Belgium, considers expansion
Engie has fully commissioned its 200 MW/800 MWh battery in Vilvoorde, Belgium, and is assessing a potential 100 MW/400 MWh expansion while advancing additional large-scale storage projects.
Europe’s energy storage capacity on track to pass 100 GW
LCP Delta and Energy Storage Europe say installed storage capacity across the European Union, the United Kingdom, Norway, and Switzerland will exceed 100 GW this month, with battery systems driving the fastest growth.
Utility-scale BESS to drive Czechia’s storage market
Aurora Energy Research says regulatory shifts in Czechia are creating strong short-term revenue prospects for utility-scale battery storage, with a two-hour system commissioned next year projected to earn an internal rate of return above 15%.
Adani Group to build India’s largest battery storage project
Adani Group says it will install a 1,126 MW/3,530 MWh battery energy storage system (BESS) at its Khavda renewable complex, marking India’s largest and one of the world’s biggest single-site deployments.
