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Aer Soléir’s Rondissone BESS project achieves financial close
Yahoo Finance· 2026-01-13 10:38
Core Insights - Aer Soléir has achieved financial close for the Rondissone project, a 250MW battery energy storage system (BESS) in Piedmont, Italy, with an investment of approximately €180 million, making it the largest BESS project currently under construction in Italy [1][2] Group 1: Project Financing - A consortium including Bayern LB, Nord/LB, Siemens Financial Services, CIBC, and ABN AMRO is providing funding, covering up to 80% of capital expenditure with a 15-year amortization schedule [2] - This transaction is noted as the first of its kind for a BESS asset in Italy [2] Group 2: Strategic Partnerships and Agreements - Aer Soléir secured a 15-year capacity market contract with the Italian Government at €47,000/MW per year, and a seven-year fixed toll agreement with EGO Energy, a subsidiary of Shell Italia, for the BESS project [4] - EGO Energy will operate the Rondissone project as part of its renewable energy portfolio, providing Aer Soléir with fixed annual payments [4] Group 3: Future Plans and Investments - Aer Soléir plans to invest €1.5 billion in Italy over the next five years across 17 wind, solar, and battery storage projects, enhancing its position as a leading renewable energy independent power producer (IPP) [3] - The company operates as an affiliate of 547 Energy, backed by Quantum Capital Group, which manages over $32 billion in equity commitments globally [5]
Scatec signs landmark PPA in Egypt for 1.95 GW Solar and 3.9 GWh BESS capacity
Globenewswire· 2026-01-11 09:07
Core Insights - Scatec ASA has signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a total capacity of 1.95 GW Solar and 3.9 GWh Battery Energy Storage Systems (BESS) in Egypt [1][2] - This agreement represents the largest solar and BESS installation in Africa and marks the largest investment in Scatec's history [2] - The project aims to provide continuous renewable baseload power and enhance grid stability in Egypt [2][3] Project Details - The PPA is structured as a 25-year, USD-denominated pay-as-produced agreement linked to the electricity generated by the hybrid system, expected to deliver approximately 6,000 GWh of renewable energy annually [4] - Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the projects, leveraging its expertise from similar large-scale projects [5] - The company will invite additional equity partners for the projects, with further details on capital expenditure and financing structure to be disclosed at financial close, anticipated in the second half of 2026 [6] Company Overview - Scatec is a leading renewable energy solutions provider, with 6.2 GW in operation and under construction across five continents [7] - The company is committed to accelerating access to reliable and affordable clean energy in emerging markets and aims to grow its renewable energy capacity [7]
Aegis Powers Up Canada's Telecom Backbone with Pixii Americas Partnership-Top-3 Operator Talks Underway
TMX Newsfile· 2026-01-08 11:00
Core Insights - Aegis Critical Energy Defence Corp. has announced a partnership with Pixii Americas Inc. to provide advanced battery solutions for the telecommunications sector in Canada, currently in discussions with a top three Canadian telecom operator [1] - The collaboration aims to enhance Canada's utility infrastructure and defense capabilities through innovative energy solutions [3] Company Overview - Aegis Critical Energy Defence Corp. specializes in developing and integrating advanced battery energy storage systems for various applications, including defense, critical infrastructure, industrial, and AI data centers [4] - The company focuses on strategic partnerships with Indigenous communities and global technology leaders to deliver secure and intelligent energy systems [4] Industry Engagement - During CES week in Las Vegas, Aegis' Director of Innovation and Technology, Dr. Ramtin Rasoulinezhad, will engage with suppliers and potential partners to advance Aegis' portfolio for the Utility and Defence sectors [2] - Dr. Rasoulinezhad will also participate in Quantum panels with several partners, emphasizing the company's commitment to innovation in energy solutions [2]
Fluence Energy: The Scalable Solution Powering AI-Driven Data Centers
Seeking Alpha· 2026-01-07 08:34
Core Insights - Fluence Energy (FLNC) is positioned as a leading provider of Battery Energy Storage Systems (BESS) across various industries, likely to benefit from the increasing electricity demand [1] Industry Overview - The demand for electricity is expected to rise, creating opportunities for companies in the energy storage sector, particularly for those like Fluence Energy that specialize in BESS [1]
ADS-TEC Energy Ends the Year With New Battery Energy Storage Wins in Germany and Austria
Businesswire· 2025-12-30 13:30
Share "Towards the end of the year, our battery energy storage business gained significant traction. These newly signed projects reflect the trust that energy utilities are placing in us. These businesses increasingly value companies with long-standing experience, proven references and strong technical execution capabilities, and, across the entire value chain, this is where we are well positioned,†said Thomas Speidel, CEO of ADS- TEC Energy. The new contracts build on a growing customer reference base in t ...
NextNRG and A123 Systems LLC Sign MOU to Advance U.S. Battery Energy Storage Projects
Globenewswire· 2025-12-29 14:00
Core Insights - NextNRG has signed a Memorandum of Understanding (MOU) with A123 Systems to enhance domestic battery supply and mitigate tariffs as demand for battery storage increases [1][2][5] Collaboration and Strategic Goals - The collaboration aims to capitalize on the growing domestic demand for battery storage while strengthening the U.S. energy supply chain by prioritizing U.S.-manufactured systems [2][3] - The MOU establishes a framework for evaluating large-scale storage opportunities that focus on U.S.-based manufacturing and domestic sourcing [3][4] - Both companies intend to explore further strategic cooperation, including the potential development of a U.S.-based manufacturing facility without requiring capital investment from NextNRG [4] Market Dynamics and Demand - The U.S. battery energy storage market is experiencing significant growth driven by renewable energy integration, grid modernization, and increasing demand for energy resilience across critical infrastructure sectors [6][7] - Domestic manufacturing preferences, supported by federal incentives and evolving tariff policies, are reshaping supply chain strategies for energy developers nationwide [6] Technology and Product Deployment - Under the MOU, NextNRG and A123 plan to deploy A123's advanced battery energy storage systems, including 20ft-5MWh units, across NextNRG's expanding portfolio of U.S. energy projects [5][7] - The collaboration combines NextNRG's project development expertise and AI-driven system integration with A123's advanced battery manufacturing capabilities to support high-performance, domestically sourced energy infrastructure [7]
Bimergen Energy Uplist to the NYSE American Stock Exchange with Concurrent Offering to Occur upon SEC Effectiveness
Globenewswire· 2025-12-22 17:40
Core Viewpoint - Bimergen Energy Corporation has received approval for its common stock to be listed on the NYSE American, with trading expected to begin under the symbol "BESS" following the effectiveness of its registration statement [1]. Group 1: Company Overview - Bimergen Energy Corporation is a U.S.-based independent power producer focused on the development, ownership, and operation of standalone battery energy storage systems (BESS) [5]. - The company specializes in utility-scale and distributed storage projects aimed at enhancing grid reliability, integrating renewable energy, and providing flexible energy solutions [5]. - Bimergen manages the entire project lifecycle, which includes site selection, permitting, engineering, procurement, construction, and operations across multiple power markets in the United States [5]. Group 2: Listing and Offering Details - In conjunction with the anticipated uplisting, Bimergen is conducting a concurrent offering of its securities, contingent on market conditions, with further details to be disclosed in filings with the Securities and Exchange Commission [2]. - Bimergen's shares will continue to trade on the OTC Markets' OTCQB until the market closes the day before the NYSE American listing becomes effective, and stockholders do not need to take any action prior to this listing [3].
Bimergen Energy Uplist to the NYSE American Stock Exchange with Concurrent Offering to Occur upon SEC Effectiveness
Globenewswire· 2025-12-22 17:40
Newport Beach, CA, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (OTCQB: BESS) (“Bimergen”), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced that its shares of common stock have been approved for listing on the NYSE American LLC ("NYSE American") stock exchange. Bimergen expects that its common stock will begin trading on the NYSE American under the symbol “BESS” upon effectiveness of its registration state ...
CSIQ to Supply 408MWh Battery Energy Storage System in South Australia
ZACKS· 2025-12-19 16:55
Core Insights - Canadian Solar Inc. (CSIQ) will supply a 408 MWh Battery Energy Storage System (BESS) for the Tailem Bend 3 project in South Australia, in partnership with Vena Energy and Consolidated Power Projects Australia Pty Ltd [1][2] - The Tailem Bend 3 project is under construction and expected to be operational by 2027, with a five-year service agreement for operation and maintenance of the BESS [2][8] - The energy storage market is projected to grow at a CAGR of 17.56% from 2025 to 2030, which is favorable for Canadian Solar's expansion efforts [3] Company Developments - As of September 30, 2025, CSIQ's battery energy storage project development pipeline totals 80,578 MWh, indicating significant growth in its energy storage capabilities [4] - In November 2025, CSIQ secured a contract for a 20.7 MW / 56 MWh energy storage project in Germany, further expanding its footprint [4] Industry Context - Other companies like Fluence Energy, SolarEdge Technologies, and Enphase Energy are also expanding in the European battery storage market [5] - Fluence Energy announced plans for a 1 GW/4 GWh battery energy storage system in Germany, with a projected revenue increase of 48.9% for fiscal 2026 [6] - SolarEdge is focusing on high-efficiency solar-plus-storage solutions, with a revenue estimate of $1.16 billion for 2025, reflecting a 25.4% increase [7] - Enphase is enhancing its global presence with product launches, expecting a revenue rise of 9.4% for 2025 [9] Stock Performance - Canadian Solar shares have increased by 137% over the past six months, outperforming the industry growth of 61.6% [10] - The company currently holds a Zacks Rank 2 (Buy), indicating positive market sentiment [11]
Ford turns a setback into a win
Yahoo Finance· 2025-12-18 01:37
Core Viewpoint - Ford is facing challenges in its electric vehicle (EV) division, leading to a significant $19.5 billion pre-tax write-down and a strategic shift towards hybrid and extended-range vehicles, while also launching a Battery Energy Storage System (BESS) business to capitalize on growing demand in the data center market [1][4]. Group 1: Financial Impact - Ford's stock is down approximately 2.4%, trading around $13.3, following the announcement of the write-down [1]. - The company has experienced a 28% gain in stock value over the past six months, which is now at risk due to the recent developments [1]. - The cancellation of a $6.5 billion battery agreement with LG Energy Solution poses a significant revenue risk for LG, equivalent to over a third of its total revenue last year [2]. Group 2: Strategic Shift - Ford plans to repurpose its existing battery manufacturing capacity in Glendale, Kentucky, to focus on the BESS market, investing around $2 billion over the next two years [4]. - The company aims to manufacture advanced battery energy storage systems with an initial capacity to be online within 18 months and plans to deploy at least 20 GWh annually by late 2027 [5]. Group 3: Market Opportunity - The demand for battery energy storage in data centers is driven by the AI boom, presenting a significant business opportunity for Ford [5]. - Newer data centers are being constructed at a pace that outstrips the capacity of traditional power utilities, indicating a growing need for alternative power solutions like battery systems [7]. - By 2028, only 40% of new data centers are expected to rely solely on the electricity grid, highlighting the potential for battery-based backup systems [7].