24 April 2024. Advised Virya Energy (an entity active in the development, financing, construction and operation of sustainable energy sources), as local counsel, on its acquisition of a majority stake in Constant Energy ("Constant Energy") through a combination of primary investments and secondary shares from Olympus Capital
Read More4 · A lack of community engagement and local resistance occurred in some 30% of clean energy project on equity ownership." necessary for batteries for electric vehicles and energy storage.
Read MoreEnergy storage is a technology with several equity-enabling characteristics. Energy storage systems are unique because they can be located anywhere in the electrical system: in homes and other properties, in neighborhoods, at substations, and with power plants. The locational flexibility, diverse applications, and uses of storage in the energy
Read MoreEquity and Energy Storage. Energy equity refers to the distribution of costs and benefits of the energy power system. The energy literature engages with the issue of equity through the concept of energy justice [ 20 ]. The latter concept itself is highly contested and could have diverse meanings for various stakeholders [ 22 ].
Read MoreThe Department of Energy recently launched a new $9 million effort—the Energy Storage for Social Equity Initiative (ES4SE)—to assist as many as 15 underserved and frontline communities to leverage energy storage as a means of increasing resilience and maximizing energy flexibility. This funding will help promote an
Read MoreThe Journal of Energy Storage focusses on all aspects of energy storage, in particular systems integration, electric grid integration, modelling and analysis, novel energy storage technologies, sizing and management strategies, business models for operation of storage systems and energy storage . View full aims & scope.
Read MoreWith extended penetration of renewable energy sources in electricity grids, due to the Paris Agreement, energy storage systems could play a crucial role in the
Read MoreSosteneo will take a 49% stake in Enel Libra Flexsys with parent company Enel Italia S.p.A holding the remaining 51%, retaining control over the company. The deal, which will see Sosteneo''s ''Sosteneo Fund 1 HoldCo S.à.r.l'' pay €1.1 billion (US$1.19 billion) for the stake, values Enel Libra Flexys at €2.5 billion.
Read MoreThe association''s analysis found that 17.2GWh of battery energy storage system (BESS) installations were made in 2023, a 94% year-on-year increase from 2022, after a similar percentage increase the previous year. Looking back at a decade of data, it is a far cry from 2014 when Europe-wide deployments totalled just 150MWh for the year.
Read MoreRendering of Canadian Solar / Recurrent Energy''s Slate solar-plus-storage project. Image: Canadian Solar. Canadian Solar''s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project in California currently being readied for the start of construction.
Read MoreA group of investment funds owned and controlled by Energy Capital Partners LLC received the Federal Energy Regulatory Commission''s approval to acquire
Read MoreImage: FlexGen. When it comes to realising the benefits of Inflation Reduction Act (IRA) incentives, the US energy storage industry has barely scratched the surface of what''s possible, according to FlexGen''s Yann Brandt. While a big wave of tax equity financing deals leveraging the investment tax credit (ITC) is inevitable, there have
Read MoreGIGA Storage manages operational assets in the Netherlands and developed a near term pipeline of 2GW across Benelux. The transaction marks a key milestone for the company and will accelerate GIGA Storage''s growth of the development and operation of large-scale BESS sites that will underpin the energy transition initially in
Read MoreChevron seeks equity interest in US clean energy storage project. Published 08:35 on September 10, 2021 / Last updated at 08:35 on September 10, 2021 / Peter Kiernan / Americas, US. Chevron has agreed on a framework to acquire an equity stake in the Advanced Clean Energy Storage (ACES) project, the US major has announced.
Read MoreMasdar bought Terna Energy''s stake at €20 (US$21.45) per share. The acquisition price represented an equity valuation of €2.4 billion and an enterprise value of €3.2 billion.
Read Moreworkshop on the future role of energy storage in South Eastern Europe on 21 -22 October in Tirana. The workshop was attended by 40 specialists from academia, government,
Read MoreLocated in the western part of the Balkan Peninsula in South-eastern Europe, Albania hardly makes the headlines when it comes to its developments and aspirations in the energy sector. However, the country''s energy mix has one of the highest shares of renewable energy in Europe. In 2020, the share of renewables reached 45%
Read MoreEnCap Investments, a Houston-based private-equity firm that focused exclusively on the oil-and-gas industry before putting money into energy storage in 2019, has exited two of those new investments. Last month, Encap agreed to sell Jupiter Power LLC to BlackRock Inc. and late last year, it sold a 50% stake in Broad
Read MoreImage: Ørsted. Denmark-headquartered independent power producer (IPP) Ørsted and investment bank JP Morgan have closed a tax equity financing of US$680 million for solar and storage projects in the US. The portfolio consists of two projects: the Eleven Mile Solar Center, which comprises a 300MW solar facility and a
Read MoreCrimson got its final approval to go ahead from the US Department of Interior''s Bureau of Land Management in May, although at that time it was planned as a solar-plus-storage project including 350MW solar PV paired with the battery. It will be sited on public lands in the California desert, in Riverside County. Energy-Storage.news has
Read MoreFollowing the acquisition of a controlling stake by Hitachi Energy, Powin retains a "significant ownership stake" in the Seville-headquartered inverter and power conversion system (PCS) manufacturer. The pair have formed a strategic partnership with a view to developing PCS products for the energy storage market together.
Read MoreInnovation and energy justice are at the forefront of the Department of Energy''s (DOE) mission. As part of that effort, on September 23, DOE launched its Energy Storage for Social Equity Initiative (ES4SE), a $9 million effort to help up to 15 underserved and frontline communities leverage energy storage as a means of
Read MoreThe Office of Electricity''s (OE) Energy Storage for Social Equity Initiative (ES4SE) is a great example of this focus, as it was designed to empower disadvantaged communities to consider energy storage technologies as a viable path toward achieving their energy goals.
Read MoreThis paper examines the existing energy storage and equity policies across states and provides recommendations to advance equitable energy storage
Read More, opens new tab has agreed to buy a 50% stake in Broad Reach Power from its existing owners, the parties said, a deal that will result in up to $400 million of capital being invested in the U.S
Read MorePrivate equity firm The Blackstone Group Inc. in an April 29 SEC filing reported holding a 6.9% interest in pipeline company Energy Transfer LP. Blackstone said the 6.9% interest, which would be the second-largest stake in the company after Energy Transfer CEO Kelcy Warren''s stake, comprises units held by Harvest Fund Advisors
Read MoreThe companies have exceeded their target of agreeing to co-developing 750MW of solar projects in Italy. Image: Powertis. Spanish solar company Soltec Power Holdings, through its subsidiary Powertis, has sold a controlling stake in 421MW of its solar PV projects and 90MW of energy storage in Italy to German investment firm Aquila
Read MoreEnertech International makes components for lithium-ion batteries as well as complete systems, from electrodes to lithium-ion cells and energy storage systems. Rosatom''s energy storage division,
Read MoreRecurrent Energy did not confirm the total capacity of either solar or energy storage that the facility will fund. made a US$500 million equity investment to acquire a 20% stake in Recurrent
Read MoreMohamed Kamaludeen is the Director of Energy Storage Validation at the Office of Electricity (OE), U.S. Department of Energy. His team in OE leads the nation''s energy storage effort by validating and bringing technologies to market. This includes designing, executing, and evaluating a RD&D portfolio that accelerates commercial adoption of
Read MoreWhile private equity investment in the battery storage sector has slowed, overall deal count still remains above pre-pandemic levels, with nearly $5.2 billion invested across 44 deals so far this year. The battery storage market is growing in tandem with electric vehicle use. Australian energy research company Aurora Energy predicted in
Read MoreLeveraging the value of the non-financial targets of the project enabled by energy storage will be the key to successful project financing. The ability of energy storage systems to improve social equity-oriented projects is rising as the technical, economic, and regulatory aspects of utilizing energy storage systems improve. Energy storage project
Read MoreEnergy Security at Stake. Energy imports do not only have an adverse impact on the country''s trade deficit, but they also pose significant risks to the country''s
Read MoreNew Delhi: Abu Dhabi Future Energy Company PJSC – Masdar announced today its definitive agreement to acquire a 67% stake in TERNA ENERGY SA, planning a complete takeover in a transaction that marks the largest ever energy deal on the Athens Stock Exchange. The acquisition, valuing TERNA ENERGY''s total equity at €2.4
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