Category: Hybrids and Energy Storage

Zelestra inks agreement with Sungrow for 1 GWh BESS project in Chile

Zelestra inks agreement with Sungrow for 1 GWh BESS project in Chile

May 20, 2025 | , ,

Sungrow has inked an agreement with Zelestra to provide battery storage technology for a battery energy storage system (BESS) project being delivered in Latin America. Under the agreement, Sungrow will provide its PowerTitan 2.0 liquid-cooled BESS and its MV power conversion units for the BESS project with a storage capacity of 1 GWh. The project forms part of the hybrid Aurora scheme in Tarapacá, Chile, which is currently under construction.

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Grid is the key to unlock ASEAN energy investment: EMBER

Grid is the key to unlock ASEAN energy investment: EMBER

May 19, 2025 | , ,

With the rise of clean energy technologies, renewables in the region are set to grow exponentially to meet increasing demand. There is no better time than now for ASEAN member countries to focus on stronger grids to keep pace with competition for foreign investments with requirements for clean energy, namely modernisation, expansion, adoption of flexibility options, regional integration, market reforms, and mobilisation of finance. Additionally, ASEAN’s commitment to ensure all member countries grow together means market-level development in the renewable energy sector is fuelling larger demand for interconnections. Sharing of renewable energy resources will happen at a more rapid pace in the future. Grids and interconnections, as enablers of these evolving dynamics, will bring cost reduction potential, faster net-zero emission vision, enhance energy security, attract more investment and create more jobs.

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ENGIE and CBRE IM join forces for 2.4 GW of battery storage assets in US

ENGIE and CBRE IM join forces for 2.4 GW of battery storage assets in US

May 16, 2025 | , ,

ENGIE North America (ENGIE) has formed a partnership with funds managed by CBRE Investment Management (CBRE IM) for a portfolio of battery storage assets across Texas and California. The 2.4 GW portfolio encompasses 31 operational projects in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories. ENGIE will retain a controlling stake in the portfolio.

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ENGIE and NHOA Energy to construct 400 MWh BESS in Belgium

ENGIE and NHOA Energy to construct 400 MWh BESS in Belgium

May 15, 2025 | , ,

NHOA Energy and ENGIE have commenced construction on a 400 MWh battery energy storage system (BESS) in Kallo, located in the municipality of Beveren. The project is being executed by NHOA Energy under a supply contract and long-term service agreement with ENGIE. The project stems from ENGIE’s successful participation in the fourth Capacity Remuneration Mechanism (CRM) auction conducted by Elia, Belgium’s transmission system operator.

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Aypa Power secures funding for California solar plus storage project

Aypa Power secures funding for California solar plus storage project

May 12, 2025 | , , ,

Aypa Power has secured $535 million in debt financing to support the development of its Vidal hybrid renewable energy project, located in San Bernardino County, California. The project comprises a 160 MW solar photovoltaic facility co-located with a 160 MW/640 MWh battery energy storage system (BESS). The project is scheduled to become operational in 2026.

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Northland Power begins commercial operations at 250 MW/1,000 MWh BESS project in Ontario

Northland Power begins commercial operations at 250 MW/1,000 MWh BESS project in Ontario

May 8, 2025 | , ,

Northland Power has commenced commercial operations at the 250 MW/1,000 MWh Oneida Energy Storage Project, located in Haldimand County, Ontario. This project is the company’s first operational energy storage asset in Canada. The project was completed at a final cost of approximately $700 million, below the initial estimate of $800 million set at financial close in 2023.

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Octopus Energy acquires over 2 GW of German solar and storage portfolio 

Octopus Energy acquires over 2 GW of German solar and storage portfolio 

May 7, 2025 | , , ,

Octopus Energy Generation, the renewables investment arm of Octopus Energy Group, has acquired Hamburg-based green energy developer MN projects GmbH, adding a 2 GW pipeline of solar and battery storage projects in Germany to its portfolio. MN projects is currently developing over 70 renewable energy sites across the country, with the first projects ready for construction and more expected to reach that stage over the coming months and years.

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CIP to divest 50 per cent stake in Coalburn 1 project in Scotland

CIP to divest 50 per cent stake in Coalburn 1 project in Scotland

April 29, 2025 | , ,

AXA IM Alts has signed an agreement to acquire a 50 per cent stake in Coalburn 1 project from Copenhagen Infrastructure Partners (CIP). Coalburn 1 is a 500 MW and two-hour duration lithium-ion BESS facility. The project is located in South Lanarkshire, in southern Scotland. The agreement will take effect upon the site’s commissioning. The project is expected to begin commercial operations in early 2026. 

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Policies Drive Grid Scale Storage Deployments in US

Policies Drive Grid Scale Storage Deployments in US

April 28, 2025 | , ,

As the electricity sector relies more on variable energy sources like wind and solar, grid-connected energy storage will become increasingly important to support reliable electricity supply. Storage can transfer electricity generated during hours when renewable energy is plentiful to meet demand at other times of the day. Grid-scale storage specifically can also provide key grid services, such as reserve power, frequency response, and flexible ramping, to support grid stability. As the needs of the grid evolve, storage can provide effective solutions, but it does not always fit neatly into the market designs and operating practices in the electricity sector. This extract focuses on policies in place and under discussion that could have an impact on grid-scale storage deployment and the market structures that affect storage operations and incentives.

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Trina Storage and FlexGen join forces for 371 MWh BESS in Texas

Trina Storage and FlexGen join forces for 371 MWh BESS in Texas

April 25, 2025 | , ,

Trina Storage has joined forces with FlexGen Power Systems to deliver a 371 MWh battery energy storage system (BESS) in Houston, Texas, US. The project features Trina Storage’s advanced Elementa 2 solution. The project was developed by SMT Energy. FlexGen will provide system integration services and implement its HybridOS energy management software, streamlining system management and boosting operational efficiency.

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Spearmint Energy secures over $250 million for BESS projects in Texas

Spearmint Energy secures over $250 million for BESS projects in Texas

April 21, 2025 | , ,

Spearmint Energy has secured over $250 million in financing for two 100 MW/200 MWh battery energy storage systems (BESS). These are the Tierra Seca and Seven Flags projects situated in Del Rio and Laredo, respectively within Texas’s ERCOT power market. Furthermore, this financing includes $59 million in construction-to-term loan facilities provided by Manulife and $95 million in tax equity bridge loan facilities provided by East West Bank.

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Eku Energy acquires Bluestone Energy’s BESS portfolio in UK

Eku Energy acquires Bluestone Energy’s BESS portfolio in UK

April 16, 2025 | , ,

Eku Energy has acquired Bluestone Energy’s battery energy storage systems (BESS) portfolio in the UK. The acquisition consists of seven BESS projects with a combined capacity of 1 GW/2 GWh. Some of these projects are a 98 MW/196 MWh project at Leatherhead in Surrey, another 98 MW/196 MWh project in Dorset, and two 240 MW projects, one near the village of Ninfield in East Sussex and another near Rochester in Kent. 

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Matrix Renewables enters the UK market with two BESS projects 

Matrix Renewables enters the UK market with two BESS projects 

April 15, 2025 | , ,

Matrix Renewables, through a partnership with Green BESS Developments (UK) Limited, has entered into the UK market. Through this partnership, the companies will take forward the development of two standalone battery energy systems (BESS) projects in Scotland. The two projects are Eccles and Kilmarnock and will deliver a combined capacity of 1 GW/2 GWh. Grid connection of the projects is expected to take place in 2027.

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Sunraycer closes $475 million financing for solar plus storage projects in Texas

Sunraycer closes $475 million financing for solar plus storage projects in Texas

April 11, 2025 | , , ,

Sunraycer Renewables (Sunraycer) has reached the closing of a $475 million project financing facility with MUFG Bank, Ltd., Nomura Securities International, and Norddeutsche Landesbank Girzonentrale. This brings the total amount raised by Sunraycer to $675 million over the last six months. This financing facility is split between a construction-to-term loan and a tax credit bridge loan. The projects in total have 241 MWac of solar and 125 MWac of storage capacity

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Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

Atlas Renewable Energy and Colbún ink PPA for BESS project in Chile

April 11, 2025 | , ,

Atlas Renewable Energy (Atlas) and Colbún have inked a power purchase agreement (PPA) for a battery energy storage system (BESS) project located in the Antofagasta Region, Chile. The project will have an installed capacity of 230 MW and a storage capacity of 920 MWh per day. This is a 15 year PPA and allows Atlas to build the BESS project and Colbún to acquire the project’s energy supply.

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Kona Energy secures contract for 228 MW BESS project in Scotland

Kona Energy secures contract for 228 MW BESS project in Scotland

April 4, 2025 | , ,

Kona Energy has secured a capacity market contract approximately worth €40 million for the Smeaton project. This is a 228 MW/456 MWh battery energy storage system project (BESS) situated in East Lothian, Scotland. This was achieved after securing planning consent for the site. Furthermore, capacity market agreement was secured in the T-4 auction which is a government-backed mechanism ensuring electricity supply during peak demand.

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AIP Management acquires 49.99 per cent stake in solar and storage project in Texas

AIP Management acquires 49.99 per cent stake in solar and storage project in Texas

April 3, 2025 | , , ,

AIP Management has inked an agreement to acquire a 49.99 per cent equity stake in Pine Forest. This project from Clearway Energy Group consists of a 300 MWac solar photovoltaic system and a 200 MW/400 MWh battery energy storage system. The total investment for the project is around $ 200 million. Furthermore, this project is located in the ERCOT North market region. The project is currently under construction.

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CIP partners with GCSS for 2.3 GW BESS projects in Italy

CIP partners with GCSS for 2.3 GW BESS projects in Italy

March 28, 2025 | , ,

Copenhagen Infrastructure Partners (CIP) has entered into a partnership with GC Storage Services (GCSS) for a 2.3 GW pipeline of large-scale battery energy storage system (BESS) projects in Italy. This partnership was formed using CIP’s flagship fund CI V.  Furthermore, these projects are located across Northern and Southern Italy, with the first project anticipated to be ready-to-build in 2025.The supportive regulatory policies of Italy allow CIP to deliver such projects in the country.

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Nofar and Qcells ink agreement for BESS projects in Texas

Nofar and Qcells ink agreement for BESS projects in Texas

March 25, 2025 | , ,

Nofar USA (Nofar) and Qcells have inked an agreement for the development and construction of two battery energy storage system (BESS) projects. These two projects will have a combined capacity of 350 MW and a 2 hour duration. The projects are Bracero Pecan with a capacity of 230 MW/460 MWh situated in Reeves County and Fairway with a capacity of 120 MW/240 MWh in Freestone County. These projects are in the final stages of interconnection approvals.

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