Italy to subsidize centralized energy storage system projects with EUR 17.7 billion
Italy is launching a state aid package of EUR 17.7 billion for the establishment of a centralized electricity storage system
YEO Technology to open Reap Battery gigafactory in Turkey in 2024
YEO Technology expects its subsidiary Reap Battery to begin mass production of battery energy storage systems in the second half of 2024
North Macedonia drafts two laws introducing energy storage to market
In drafts for a set of key laws, North Macedonia defined energy storage operators and facilities and energy communities or cooperatives
Seven European countries to shut down all CO2-emitting power plants by 2035
The agreement was concluded as part of the Pentalateral Energy Forum, chaired by the Netherlands this year
Statkraft acquires water battery project near Loch Ness
Norwegian company Statkraft has acquired a pumped storage hydro project in Scotland, with an expected capacity of 450 MW
Belgium-based ABEE to invest EUR 1.1 billion in battery production in Bulgaria
ABEE launched a EUR 1.1 billion project for a battery plant, recycling facility and an R&D center in Bulgaria
Bulgaria offers highest profitability for battery storage in Europe
Profitability issues could hinder the development of battery storage, which is critical for the green energy transition, Rystad Energy warns
World’s largest concentrated solar power plant completed in Dubai
A 950 MW solar energy complex, including the biggest concentrated solar power plant, was inaugurated in Dubai during COP28