Latest News

Automated analysis of power industry news, curated for developers and large loads.

Energy Storage Newsabout 23 hours ago

TotalEnergies’ possible German BESS divestment ‘mainly about recycling capital’

  • TotalEnergies is reportedly considering selling approximately 50% of its equity in a portfolio of German Battery Energy Storage System (BESS) projects, developed via Kyon Energy.
  • This potential divestment by a major energy player signals a strategic move to 'recycle capital,' indicating a maturing and active M&A market for BESS assets in Europe.
  • For developers, this highlights opportunities for acquiring operational or near-operational BESS assets and validates the financial viability of developing and monetizing storage projects.
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Utility Dive1 day ago

CPower says its load relief more than doubled, to 38 GWh

  • CPower, an NRG Energy subsidiary and major virtual power plant (VPP) platform, more than doubled its load relief to 38 GWh.
  • The company manages approximately 6.7 GW of distributed energy resources (DERs) under contract, highlighting the growing scale of aggregated flexible load and generation.
  • This significant increase in load relief demonstrates the expanding role of VPPs in providing grid flexibility and capacity, impacting grid stability and potentially deferring traditional infrastructure investments.
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Utility Dive3 days ago

What the last gas boom (and bust) says about today’s rush to build

  • M&A valuations for existing gas power assets have doubled since 2024, indicating strong market interest in current infrastructure.
  • Despite high M&A activity, analysts warn that new gas generation projects remain a risky investment.
  • The article's title suggests a historical parallel to previous gas boom-and-bust cycles, implying caution for current development trends among developers and IPPs.
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Energy Storage News3 days ago

Drax buys 260MW of in-development UK BESS projects

  • UK power generator Drax is acquiring three in-development Battery Energy Storage System (BESS) projects totaling 260MW from developer Apatura.
  • This acquisition highlights robust M&A activity and strong demand for BESS projects, offering potential exit opportunities for developers in the UK market.
  • The move by a major generator into significant BESS capacity signals an increasing focus on grid flexibility and ancillary services, which can impact grid stability and future energy pricing for large power consumers.
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CleanTechnica4 days ago

Pioneer Trucks Takes Over Maxus Distribution, Debuts Electric Commercial Vehicles

  • Pioneer Trucks Philippines has taken over as the exclusive distributor for Maxus commercial trucks, including electric commercial vehicles (ECVs), in the Philippines.
  • This development, announced at the 13th Philippine Electric Vehicle Summit, signifies a renewed push for commercial fleet electrification in the region.
  • For developers and IPPs, this indicates a growing market for EV charging infrastructure and increased electricity demand from commercial fleets.
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Energy Storage News7 days ago

Wisconsin utilities opt for solar-plus-storage project acquisitions over ‘debt-like PPAs’

  • Two Wisconsin Investor-Owned Utilities (IOUs) are seeking regulatory approval to acquire an under-development solar-plus-storage project in Waushara County.
  • This move signifies a strategic shift by utilities towards direct project acquisition, explicitly opting out of what they perceive as 'debt-like PPAs'.
  • For developers, this indicates a potential trend where utilities may prefer build-to-sell models or direct ownership over long-term PPA structures, impacting project financing and market opportunities.
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POWER Magazine9 days ago

Westinghouse Enters Partnership for $80 Billion of New Nuclear Reactors

  • Westinghouse, Cameco Corp., and Brookfield Asset Management have partnered to deploy new nuclear reactor technology across the U.S.
  • The partnership targets at least $80 billion in new reactor projects, primarily Westinghouse AP1000 units, with significant backing from the U.S. government.
  • This initiative signals a major, government-supported expansion of baseload nuclear capacity, impacting long-term grid stability, power supply, and emissions profiles for developers and large power consumers.
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Energy Storage News14 days ago

Energy Vault, Jupiter Power, advance projects in ERCOT BESS market

  • Energy Vault acquired a 150MW BESS in ERCOT, indicating active M&A and investment in the region's storage market for developers.
  • Jupiter Power secured a 100MW BESS agreement with Austin Energy, highlighting new PPA opportunities for storage developers.
  • The ERCOT BESS market continues to expand with significant new capacity, offering increased grid flexibility and potential for ancillary services.
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Energy Storage News14 days ago

California utility renegotiates purchase agreement with RWE for 476MWh BESS after regulator rejects initial proposal

  • San Diego Gas & Electric (SDG&E) is seeking regulatory approval to acquire an operational 476MWh Battery Energy Storage System (BESS) in Imperial County from RWE.
  • This acquisition follows a renegotiation of the purchase agreement after the initial proposal was rejected by regulators, indicating heightened scrutiny on BESS project economics and PPA terms.
  • The transaction involves an operational asset, suggesting a potential trend towards utilities acquiring existing storage capacity, which could impact new development opportunities and market dynamics.
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Energy Storage News14 days ago

South Korean government investment in US BESS developer ‘reflects shared commitment to reliable, affordable power’

  • US BESS developer Peregrine Energy Solutions secured US$130 million in investment, notably including capital from the South Korean Ministry of Environment.
  • This significant international funding signals strong confidence in the growth and profitability of the US battery energy storage market for developers.
  • Increased capital for BESS developers will likely accelerate the deployment of storage projects, enhancing grid reliability and potentially stabilizing energy prices for large power consumers.
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Energy Storage News16 days ago

EU Roundup: Big BESS project news in Greece, Germany, Romania and Portugal

  • Large-scale Battery Energy Storage System (BESS) projects are actively progressing across Greece, Romania, Germany, and Portugal.
  • Key players including Principia (project completion), Repono (acquisition), Kyon (optimiser selection), Voltalia, and NGEN (new targets) are driving significant BESS market activity.
  • This roundup highlights robust investment and expansion opportunities for developers and IPPs in the European energy storage sector, signaling continued grid modernization efforts.
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