Energy Vault Holdings, Inc. has begun construction of the SOSA energy center, a 150 MW/300 MWh battery energy storage system (BESS) project located in Madison County, Texas, within the ERCOT North market. The project was initially developed by Savion, a Shell plc subsidiary, and was acquired by Energy Vault in the fourth quarter of 2025. Commercial operations for the project are expected in the second quarter of 2027
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PowerBank Corporation has entered into a loan agreement with NY Green Bank for a revolving credit facility with an initial principal amount of up to $8 million. The financing will be used to fund interconnection deposits required by utilities to complete the grid interconnection process for solar and battery storage projects in the state of New York. These deposits are refundable if a project does not reach commercial operation.
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Across the Middle East and North Africa (MENA) – a region that has long been a cornerstone of the global energy system – electricity demand is surging, driven by cooling and desalination needs, as well as urbanisation, electrification and digitalisation. How countries meet this increased demand will have profound implications for both regional economies and global energy markets.
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Voltalia has commenced construction of the Artemisya hybrid energy cluster in Uzbekistan, covering battery storage and the first phase of wind capacity. The initial phase includes a 100 MW/200 MWh battery energy storage system project and a 100 MW wind project. The entire Artemisya cluster is planned to comprise 126 MW of solar capacity, 300 MW of wind capacity, and 100 MW/200 MWh of battery storage.
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Brazil’s endowment of renewable energy resources provides an opportunity to progress the PNF domestic production goals with cost-competitive low-carbon fertilizer production. Analysis indicates green ammonia and fertilizer prices are cost-competitive with blue and grey in some locations with favorable conditions. There is a clear need for bold, early action with effective levers to overcome the challenges and bring this opportunity to reality to transform Brazil’s fertilizer supply from import-dependent to self-sustaining, competitive, and climate-aligned.
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In less than a decade, Bangladesh improved energy efficiency by 13.64%, an annual gain of 1.52%. In FY 2023-24 alone, fossil fuel consumption of 7 Mtoe was avoided, slashing import bills by USD3.3 billion. This sustained national effort created a framework for energy efficiency. However, after initial gains from FY 2016-17, progress slowed until FY 2020-21 when energy supply disruptions and higher tariffs made efficiency a priority. Bangladesh is on course to achieve its energy efficiency targets a year early. With households and industry consuming two-thirds of the country’s energy, these sectors should be the focus for greater energy efficiency gains.
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A highly integrated internal electricity market, facilitating the efficient exchange of electricity across borders, is crucial for the EU’s decarbonisation efforts and for guaranteeing the security of electricity supply. In a context of rapidly developing renewable technologies, the timely expansion of electricity transmission infrastructure, through both new build-out and non-wire alternatives, and the maximisation of cross-zonal trading possibilities across the EU are key to the completion of the internal market for electricity. This report presents a series of analyses exemplifying the importance of maximising cross-zonal trade for the well-functioning of the EU internal market for electricity.
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Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has approved funding for 126 large-scale energy storage projects. The allocation totals €818.3 million and is co-financed through the European Regional Development Fund (ERDF) for the 2021-2027 period. The selected projects are expected to add 2.2 GW of power capacity and 9.4 GWh of storage capacity across the country.
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