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Engie and German energy storage company Return have signed an agreement for 300 MW of additional battery flexibility in Germany. Structured as a virtual flexibility purchase agreement (vFPA), the deal takes Engie’s total contracted flexibility capacity with Return in Germany to 400 MW.
The partnership uses a model that is still relatively new in the German market. R...
Rajasthan could save up to INR 85 billion ($886.4 million) in power procurement costs in 2030 by meeting its emerging reliability needs through renewable energy and storage rather than new coal capacity, according to a new study by New Delhi-based CEEW.
The study, “
Chinese energy storage system manufacturer Biwatt has unveiled a modular sodium-ion battery energy storage system for commercial and industrial (C&I) applications.
The PowerLake I3 platform spans configura...
Romania’s Ministry of Environment, Waters and Forests (MMAP) has finalized the rules for a national battery-storage subsidy program after a public consultation that drew more than 200 submissions. The scheme, administered by the Administrația Fondului pentru Mediu (AFM), funds the installation of electricity-storage systems for renewable energy.
The scheme has a bud...
Norwegian energy company Statkraft and UK power group SSE have completed what the companies describe as the first financial swap of its kind, based on Modo Energy’s ME BESS GB (2H) Index, a benchmark that tracks average revenue earned by operational two-hour battery energy storage systems (BESS) in Great Britain.
In practical terms, the deal lets SSE trade uncertain...