ContourGlobal has commissioned a 202 MW/500 MWh standalone battery energy storage system (BESS) in the Stara Zagora region of Bulgaria. The facility is fully operational and is participating in the country’s day-ahead and intraday electricity markets. Located on a 25,000 square metre site within the Maritsa East 3 coal-fired power plant complex, the project is funded through the European Union’s NextGeneration EU programme.
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Spearmint Energy has closed an equity investment with Kyuden International Corporation for two battery energy storage system (BESS) projects in Texas. The investment covers the Tierra Seca and Seven Flags projects, each with a capacity of 100 MW/200 MWh, located in Del Rio and Laredo, respectively. Together, the two projects add 400 MWh of battery storage capacity to ERCOT.
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Blueleaf Energy, in partnership with Universal Peak Sdn. Bhd., has been selected by the Energy Commission of Malaysia to develop, own, and operate a 100 MW/400 MWh utility-scale battery energy storage system (BESS) project in the country. The project has been awarded under the Malaysia Battery Energy Storage System (MyBeST) programme. The project is scheduled for commissioning in 2027.
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SolarMax Technology, Inc., through its wholly owned subsidiary SolarMax Renewable Energy Provider, Inc., has entered into two engineering, procurement, and construction (EPC) agreements with Yabucoa BESS LLC and Naguabo BESS LLC. The agreements cover utility-scale battery energy storage system (BESS) projects located in Humacao, Puerto Rico, and Ceiba Municipality, Puerto Rico.
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Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has approved a second round of subsidies for innovative hydroelectric pumped storage projects (PSP), with a total allocation of about €90 million. The call is part of the Recovery, Transformation and Resilience plan and is expected to support close to 1,000 MW of new installed capacity with 7 GWh of storage capacity.
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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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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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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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The International Finance Corporation (IFC) has announced an investment in Central Puerto S.A., an electricity generation company in Argentina, to support projects aimed at improving the reliability and flexibility of the national power system. The financing package amounts to about $300 million and will be used to acquire shares in the 1,440 MW Piedra del Águila hydropower plant.
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Israel’s Finance Ministry has announced that a new solar plant integrated with the battery energy storage system (BESS) will be developed at the Ashalim power station in southern Israel. The project is designed to deliver up to 80 MW of electricity to the national grid. It will include solar photovoltaic installations with a total capacity of 150 MW. Additionally, the project will incorporate a 400 MWh BESS.
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ACME Solar Holdings has bagged a debt tie-up of Rs 47.2 billion from Indian financial institutions. Out of the total financing, Rs 27.1 billion has been secured from Power Finance Corporation for ACME’s 300 MW firm and dispatchable energy (FDRE) project. Furthermore, Rs 8 billion was secured from the National Bank for Financing Infrastructure Development. The remaining amount of Rs 12.09 billion was secured from Yes Bank.
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Altus Power has completed the acquisition of a 234 MW portfolio of solar generation and storage assets from Greenbacker. The projects span more than 100 locations across 18 states in US. The acquired assets include long-term contracted projects serving a mix of customers, including a global e-commerce and logistics firm, a regional university, and multiple utilities.
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Equinor has commenced commercial operations at its first hybrid project in Brazil, combining 140 MW of solar capacity with 223 MW of wind capacity at the Serra da Babilônia site in Bahia. The solar plant has been developed alongside the existing wind project, Serra da Babilônia Wind, operated by its subsidiary, Rio Energy. The solar plant is expected to produce 236 GWh of renewable energy annually.
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ACWA Power and Bapco Energies have entered into a joint development agreement to collaborate on the development of a solar project integrated with a battery energy storage system in Saudi Arabia’s Eastern Province. The arrangement outlines cooperation between the two companies to jointly develop the project through multiple phases, with the planned generation capacity expected to reach up to 2.8 GW.
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BrightNight along with its joint venture partner Cordelio Power have completed financial close for the Greenwater energy storage project. The 200 MW/800 MWh battery energy storage system (BESS) project, located in Pierce County, Washington, will supply firm capacity and grid support to Puget Sound Energy. The project has secured this financing of nearly $400 million from a group of banks.
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RWE has commissioned the Stoneridge solar project in Milam County, Texas. The project, comprising 200 MW of solar capacity along with 100 MW/200 MWh of battery storage, will contribute to strengthening the regional energy supply. The project created more than 200 construction jobs and now includes ongoing permanent operational roles. Additionally, it is set to contribute several million dollars in tax revenue to Milam county.
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NeoVolta has entered into definitive agreements for a $13 million private placement financing led by Infinite Grid Capital to support the company’s next stage of expansion in domestic battery energy storage system (BESS) manufacturing. A portion of the financing is allocated toward establishing and operating a new BESS manufacturing facility in Georgia, planned with an initial annual output of nearly 2 GWh.
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Associated British Ports (ABP) Southampton is collaborating with BW ESS to establish a new battery energy storage system (BESS) project at Marchwood industrial park. As per the agreement, BW ESS will develop, own and operate the BESS project. Furthermore, the project is scheduled to become fully operational by late 2028. It will have an estimated lifespan of 40 years.
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rPlus Energies has completed the acquisition of two solar-plus-storage projects in Ada County, Idaho. The two projects are the Blacks Creek energy center and the Bluebird solar project, with a cumulative capacity of 900 MW. The Blacks Creek energy center consists of 400 MW of solar capacity along with 200 MW of storage. The acquisitions add to the company’s existing activities in Ada County.
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