Category: Hybrids and Energy Storage

Flatiron secures financial close for BESS in Massachusetts

Flatiron secures financial close for BESS in Massachusetts

September 17, 2025 | , ,

Flatiron Energy has closed financing of about $540 million from multiple financial institutions for the 200 MW/800 MWh Taft battery energy storage system (BESS) project in Uxbridge, Massachusetts. The project is expected to begin commercial operations in late 2026. The financing package includes construction and bridge loans, term loans, letter of credit facilities, a preferred equity commitment, and a tax credit transfer commitment.

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Role of Batteries in India’s Power Market: Report

Role of Batteries in India’s Power Market: Report

September 17, 2025 | , , ,

As more variable renewable energy enters India’s electricity grid, coinciding with sharp declines in battery costs, new business cases are emerging for BESS. One particularly promising opportunity is battery participation in India’s wholesale power and ancillary services market. Price volatility in the day-ahead market segment of the power exchanges is becoming the norm. Electricity prices are now regularly crashing during solar hours and surging during the evenings and nights.

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Saudi Arabia issues RFQ for 5.3 GW renewable projects

Saudi Arabia issues RFQ for 5.3 GW renewable projects

September 16, 2025 | , , ,

Saudi Power Procurement Company (SPPC) has issued a request for qualification (RFQ) for the seventh round of solar and wind projects under the National Renewable Energy Program (NREP) led by the Ministry of Energy. The round covers a total capacity of 5,300 MW, comprising four solar photovoltaic projects and two wind projects across different regions of the country.

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Citicore energises agro-solar plus BESS project in Philippines

Citicore energises agro-solar plus BESS project in Philippines

September 16, 2025 | , , ,

Citicore Renewable Energy Corporation (CREC) has switched on the Batangas 1 Power Plants, consisting of the Lumbangan and Luntal projects. The projects will have a capacity of 197 MW of hybrid agro-solar with a 320 MWh battery energy storage system (BESS). The projects are a part of CREC’s plan to add 5 GW of renewable capacity within the next five years.

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Fidra Energy secures financial close for 1.4 GW UK BESS project

Fidra Energy secures financial close for 1.4 GW UK BESS project

September 12, 2025 | , ,

Fidra Energy has secured financial close for the Thorpe Marsh battery energy storage system (BESS) project in Doncaster, South Yorkshire, UK. The company has raised about £445 million in new equity from EIG and the National Wealth Fund (NWF), along with £594 million in loan facilities from various international lenders. With a total investment of nearly £1 billion, the BESS project will have a capacity of 1,400 MW/3,100 MWh.

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Plus Power commences operations of BESS in Massachusetts

Plus Power commences operations of BESS in Massachusetts

September 12, 2025 | , ,

Plus Power has commenced operations of its Cranberry Point Energy Storage facility in Carver, Massachusetts. The standalone utility-scale battery energy storage system (BESS) project has a capacity of 150 MW/300 MWh. It is spread across 6 acres and is connected to Eversource’s Carver 115 kV substation, which links to a major north-south transmission line carrying power to Boston. 

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Zelestra and BKW ink agreement for 2 GWh BESS in Italy

Zelestra and BKW ink agreement for 2 GWh BESS in Italy

September 11, 2025 | , ,

Zelestra and BKW have signed a long-term tolling agreement for the delivery of a 2 GW battery energy storage system (BESS) project in northern Italy. As part of the agreement, Zelestra will allocate a share of the plant’s generation capacity to BKW, allowing it to manage and optimise flexibility in the market. Construction for the project is scheduled to begin in 2027, and is expected to become fully operational in 2028.

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EDF and Elements Green ink agreement for BESS project in UK

EDF and Elements Green ink agreement for BESS project in UK

September 10, 2025 | , ,

EDF and Elements Green have inked a long-term agreement for the delivery of the 360 MW/720 MWh Staythorpe battery energy storage system (BESS) project located in Nottinghamshire. As part of the arrangement, EDF will provide a guaranteed minimum income from grid balancing along with the project’s 15-year capacity market contract. The project is in the construction stage, and is expected to start operations in 2027. 

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SK On enters US storage market with 7.2 GWh supply deal

SK On enters US storage market with 7.2 GWh supply deal

September 8, 2025 | , ,

SK On has signed a multi-year supply agreement with Flatiron Energy. As a part of the agreement, SK On will provide up to 7.2 GWh of battery energy storage system (BESS) capacity for Flatiron’s utility-scale projects across New England and other states through 2030. SK On will first deliver containerised BESS units with 1 GWh of lithium iron phosphate (LFP) batteries for a project in Massachusetts.

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Philippines announces results of GEA-4

Philippines announces results of GEA-4

September 8, 2025 | , , ,

The Philippines Department of Energy has released the results of the fourth green energy auction (GEA-4). The tendered capacity was 10,653 MW, with 9,423.622 MW subscribed, reflecting an 88 per cent subscription rate. The auction covered ground-mounted, roof-mounted, and floating solar, onshore wind, and integrated solar with energy storage systems. A total of 111 bids were accepted. 

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LS Energy Solutions begins operations for ESS project in California

LS Energy Solutions begins operations for ESS project in California

September 5, 2025 | , ,

LS Energy Solutions has commenced commercial operations for the Big Rock energy storage system (ESS) project in Imperial County, California. The project has a capacity of 200 MW/400 MWh and was developed in partnership with Gore Street Energy Storage Fund (GSF). The project will be providing resource adequacy (RA) and ancillary services to the California Independent System Operator (CAISO) grid.

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BDx Data Centers and HEXA ink cross-border green energy deal

BDx Data Centers and HEXA ink cross-border green energy deal

September 4, 2025 | , , ,

BDx Data Centers has entered into a partnership with HEXA Renewables to supply 50 MW of renewable energy to the Singapore-Malaysia grid. The agreement introduces a cross-border model aimed at supporting Singapore’s renewable energy demand through the development of new clean energy projects in Malaysia. HEXA Renewables is a renewable energy platform founded in 2020.

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Q ENERGY secures financing for Spanish hybrid solar portfolio

Q ENERGY secures financing for Spanish hybrid solar portfolio

September 3, 2025 | , , ,

Q ENERGY has secured debt financing for “Taurus B,” a portfolio of seven solar photovoltaic projects, located across three provinces in northern and southwestern Spain with a cumulative capacity of 251.71 MW. The financing was arranged by Mitsubishi UFJ Financial Group and BNP Paribas. The company will act as the sole owner, as well as the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contractor.

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Argentina awards 667 MW capacity in BESS tender

Argentina awards 667 MW capacity in BESS tender

September 2, 2025 | , ,

The national government has announced the results of the Alma-GBA tender for battery energy storage systems (BESS) projects in the Buenos Aires Metropolitan Area (AMBA). A total capacity of 667 MW has been awarded, exceeding the initial target of 500 MW. A total of 15 companies submitted 27 projects amounting to a capacity of 1,347 MW. The awarded project will sign contracts with distributors Edenor and Edesur.

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Australia floats two tenders for renewables and storage

Australia floats two tenders for renewables and storage

September 1, 2025 | , ,

The Australian government has launched two new tenders under the Capacity Investment Scheme (CIS) to support renewable energy and firming projects in Western Australia. The tenders will add 1.6 GW of renewable generation along with 2.4 GWh of dispatchable storage. This will supply power to over 900,000 households annually and meet the peak demand of 550,000 households. The deadline for bid submission is November 7, 2025.

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Equitix and partners launch £500 million UK battery storage platform

Equitix and partners launch £500 million UK battery storage platform

August 28, 2025 | , ,

Equitix, together with Aware Super and the UK’s National Wealth Fund (NWF), has established a consortium to invest £500 million in a new UK battery storage platform, Eelpower Energy. The company will focus on developing, owning, and operating grid-scale battery storage projects, with a target of adding over 1 GW of new capacity to the UK grid in the coming years.

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Energy Vault and Astor Enerji ink equipment supply deal

Energy Vault and Astor Enerji ink equipment supply deal

August 21, 2025 | , ,

Energy Vault and Astor Enerji have signed an agreement to strengthen global supply chains for battery energy storage systems (BESS) projects. The agreement includes the supply of 2 GWh of Energy Vault’s B-VAULT BESS for Astor Enerji’s four grid-connected photovoltaic projects in Romania. These BESS projects will be operated using Energy Vault’s VaultOS energy management platform to improve performance and ensure grid stability.

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Stonepeak launches renewables platform in Middle East 

Stonepeak launches renewables platform in Middle East 

August 19, 2025 | , , , ,

Stonepeak has launched WahajPeak, its first renewable energy platform in the Middle East. The platform will invest in the development of utility-scale solar, wind, and battery energy storage storage (BESS) projects across the Gulf Cooperation Council as well as the Middle East region. Furthermore, the platform aims to align with regional policy initiatives focusing on decarbonisation, energy diversification, and grid modernisation.

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CIP acquires 1 GWh BESS in Arizona from EDF

CIP acquires 1 GWh BESS in Arizona from EDF

August 18, 2025 | , ,

Copenhagen Infrastructure Partners (CIP), through its flagship fund CI V, has acquired 100 per cent stake in the Beehive battery energy storage system (BESS) from EDF Power Solutions North America. The project has a capacity of 250 MW with a four-hour duration, equal to 1,000 MWh, and is located in Peoria, Arizona. Construction for the project began in early 2025 under EDF, and CIP will now oversee the remaining work. 

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Poland’s PGE launches tender for 400 MW BESS project

Poland’s PGE launches tender for 400 MW BESS project

August 18, 2025 | , ,

PGE Energia Odnawialna has announced a tender for designing and constructing a battery energy storage system (BESS) project with a capacity of up to 400 MW and a minimum of 800 MWh. The project will be located at the Dolna Odra power plant in Nowe Czarnowo near Gryfino. Additionally, the project is scheduled to be operational in 2029, and has already secured a 17-year contract on the capacity market.

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