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 […]
China-based HiTHIUM and Solarpro Holding have signed a 2 GWh master supply agreement for battery energy storage systems. HiTHIUM is a global provider of long-duration energy storage (LDES) technology, while Solarpro Holding is an EPC provider of photovoltaic and battery energy storage systems (BESS) in Europe. The agreement will support multiple utility-scale projects across Eastern […]
DRI expanded its activities in Poland with the acquisition of rights to build a battery energy storage system (BESS) in Kozienice, located in the east-central part of the country. The investment will also strengthen Ukraine’s grid, according to the update. DRI, DTEK’s renewables arm in the European Union, acquired a BESS project for 112 MW […]
Seven projects for 1.88 GW of total electrolyzer capacity turned out to be unfeasible even with grants won at the second European Hydrogen Bank auction, out of 2.34 GW overall. The developers withdrew, with some citing policy and infrastructure delays and uncertainty. A project from the first renewable hydrogen auction also pulled out. The European […]
Slovenia’s transmission system operator ELES and the Ministry of Defence have signed a cooperation agreement for the Defence Resilience Hub Network in Europe – RESHUB project. Last year, the Ministry of Defence of Slovenia initiated the Defence Resilience Hub Network in Europe (RESHUB) project, which aims to establish self-sufficient energy hubs in Slovenian military barracks. […]
Prime Batteries Technology started the works on multiplying the capacity of its battery storage factory in Bucharest, despite the deteriorating prospects for its industry segment in Romania. Czechia-based Tesla Group has given up on a manufacturing facility project worth almost EUR 100 million, even with state aid approved. The government’s renegotiation of a funding package […]
YESS Power said that in November it plans to commission a 60 MW battery energy storage system (BESS) in North Macedonia. The Turkey-based contractor is installing the facility for Mey Energy at the site of the client’s solar power plant in Novaci. It would be the first large BESS and hybrid power plant in the […]
Fortis Energy has obtained a construction permit for a solar park of 270 MW on the territory of the city of Sremska Mitrovica in Serbia, Mayor Branislav Nedimović said. The company plans to include a battery energy storage system (BESS) of 36 MWh. Turkey-based Fortis Energy bought a solar power project in Serbia last year, […]
The operator of the AES Maritsa iztok 1 coal plant in Bulgaria is interested in replacing one of its boilers with a molten salt reactor. It would accumulate excess renewable energy from the power grid as heat and produce steam to drive the existing turbine. With the surge in solar and wind power capacity throughout […]
When discussing Europe’s green transition, battery energy storage systems (BESS) are often talked about as “the next big thing,” as the technologies have the potential to transform the grid, stabilise renewable energy sources, and enable new business models. However, while it’s easy to talk about storage, operating it with real assets, real risks, and real […]