Enel

Generali Investments’ Sosteneo unit will acquire 49% of the share capital in Enel Libra Flexsys, a company fully owned by Italian utility Enel, which operates a 1.7 GW portfolio of battery energy storage systems (BESS).

Enel has obtained €560 million ($610.2 million) for a solar module factory it is building in Catania, Sicily.

Japanese oil and gas supplier Inpex has struck a deal to buy 50% of Enel Group’s Australian renewables platform, Enel Green Power Australia. The deal gives Inpex joint control of a solar portfolio featuring 254 MW of installed capacity and another 170 MW of renewables under construction.

The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.

Israeli company Brenmiller is set to launch a 4 GW to 5 GW production line for its thermal energy storage systems, which use crushed rocks to retain heat that can be released as steam, hot water, or hot air.

As efficiency records tumble and devices become more stable, Europe is seeing the beginnings of a race to commercialize high-efficiency perovskite-silicon tandem solar products, reports Valerie Thompson.

Enel and Soltec have revealed plans to open a new factory on the grounds of a former thermal power plant owned by Enel’s Endesa unit in Teruel, Spain.

Enel, which already runs a solar factory on the Italian island of Sicily, said its new US plant with be its second global PV manufacturing facility.

Enel is testing a 24 MWh thermal energy storage system that could be used for seasonal renewables storage. The facility uses rocks that store excess energy as heat, then releases that heat to generate steam for electricity.

Enel Green Power’s new solar panel has average efficiencies ranging from 22.6% to 22.9% and a temperature coefficient of -0.24% per degree Celsius. It is based on an n-type solar cell with G12 format and a power conversion efficiency of 24.6%.