Northvolt completes construction of Poland ESS factory
European lithium-ion gigafactory firm Northvolt has completed construction of its energy storage system (ESS) production facility in Poland and expects to start production by the end of 2023.
European lithium-ion gigafactory firm Northvolt has completed construction of its energy storage system (ESS) production facility in Poland and expects to start production by the end of 2023.
System integrator Energy SpA and its vertically integrated peer Pylon Technologies have formed a joint venture (JV) to set up a gigafactory in Italy producing batteries for energy storage.
Italy is seeing “too many solar developers moving into storage” and issues around the spike in BESS capex costs shortly after 2022’s capacity market auction, sources told Energy-Storage.news.
Energy firm EnBW has been given the go-ahead to start work on a pumped hydro energy storage (PHES) project in Germany.
French renewables developer and power producer Voltalia saw its annual electricity production reach a record high last year, with the company boosted by a 25% rise in installed solar capacity.
Trade association SolarPower Europe has welcomed a proposal from the European Union’s executive branch that would see all new buildings in the bloc be powered by renewables “as far as possible” and emit no on-site carbon emissions from fossil fuels from 2030.
Italian utility Enel will invest around €70 billion (US$78 billion) by 2030 to scale up its renewables and energy storage portfolio as it brings forward plans to reach net zero to 2040.
Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged.
The EStor-Lux battery site in south Belgium fully launched commercial activity in December and has successfully participated in grid frequency auctions.