Karatzis Group of Companies and Metlen are establishing a joint venture for a standalone battery energy storage system (BESS) of 330 MW and 790 MWh. It is the biggest project in Greece so far and one of the biggest in Europe. Metlen said it is entering into a new strategic partnership in Greece with Karatzis […]
Romanian state-owned power utility Hidroelectrica will install storage on all its run-of-river hydropower plants, to be able to switch the supply of surplus electricity to the evening peak, according to interim CEO Bogdan Nicolae Badea. Hybrid power plants are all the rage. Two- and even three-way combinations between batteries and solar and wind power plants […]
The Cypriot Department of Environment has approved the project for what is set to become one of the country’s first battery energy storage systems. HESS Hybrid Energy Storage Systems is planning to install a 59 MW facility with a capacity of 120 MWh, which would ease the strain on the European Union’s only non-interconnected electricity […]
Volue took over smartPulse, accelerating the expansion into Central and Eastern Europe, Southern Europe and Turkey, with its power trading and battery optimization capabilities. Software maker Volue said it has completed a deal to acquire smartPulse, a full-suite short-term power trading and battery optimization platform for asset owners and aggregators across Europe. It significantly accelerates […]
Econergy agreed to buy out Nofar’s 50% stake in the 155 MW Rătești photovoltaic plant, the largest in Romania. The next step is to add a 120 MW battery energy storage system. Econergy Renewable Energy said its subsidiary Econergy International, in which it holds 75.2%, has signed an agreement with Nofar Energy to acquire the […]
A firm recently established by Turkish and Romanian investors has launched a public-private partnership with the local authority in Târgu Lăpuș in northern Transylvania. They are planning a hybrid power plant worth EUR 100 million. A public-private partnership in the making in northern Romania is aimed at building a 200 MW photovoltaic plant, the largest […]
Bulgarian solar power plant operator Sunterra RE added co-located energy storage to its operational portfolio. The company’s three photovoltaic systems, with 524 MW in combined peak capacity, now also have batteries of 156 MW and 312 MWh in total. With the ongoing solar boom in Bulgaria, investors have lately also been rushing to set up […]
Investors in Serbia are obtaining approvals for connecting their planned battery energy storage systems of an overall 2,021 MW and 5,899 MWh to the grid. The projects are for standalone batteries and ones that would be co-located with power plants. Battery energy storage systems (BESS) are rapidly expanding worldwide, and Southeast Europe is no exception. […]
The Single Day-Ahead Coupling area split its hourly units into 15-minute intervals for electricity trading. The change, affecting most European markets, is aimed at enhancing the integration of renewables by making flexibility and balancing more efficient. After delays and intensive testing, the European wholesale electricity market switched to a 15-minute market time unit (MTU) from […]
Neptune Energy, a German company known for oil and gas exploration and production, obtained the country’s first lithium production license last year, and now it has confirmed resources of 43 million tons of lithium carbonate equivalent (LCE) in the Altmark region of Saxony-Anhalt. It could reshape the outlook for battery raw material supply in Germany […]