The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.

Continue reading

The deal has been agreed for Giga’s 300MW/1,200MWh Leopard project in Vlissingen, northern Netherlands, on which construction should start this year, as told to Energy-Storage.news by the firm’s CCO Lars Rupert in June. The time limited contract becomes active on 1 October, 2025, although Giga has previously said Leopard would come online in 2026.
The new contract type was brought in as part of the Landelijk Actieprogramma Netcongestie (National Action Programme for Grid Congestion) reforms, and aims to ease grid congestion in the Netherlands while allowing new projects to be built.
Netherlands Minister of Climate and Green Growth Sophie Hermans commented on the announcement: “We are all working very hard to expand the power grid faster, and we also need to use the grid smarter. Thanks to this new type of contract and good cooperation, it will be possible to make the best use of the space left on the grid outside ‘peak hours’. And moreover, to deploy renewable electricity when there is less sun and wind. I hope this is a breakthrough and other companies that can do so will also consider a flexible contract.’
In return for limiting when the BESS interacts with the grid, Giga Storage’s project will get a 65% discount on transmission tariffs. Energy-Storage.news interviewed research firm Aurora about the new contract recently, with analyst Jesse Hettema saying the economics of it should pencil out, and subsequently boost the grid-scale BESS market (Premium access).
However, the commercial director for Giga Storage’s peer SemperPower, which owns the two largest operational projects in the Netherlands today, was more sceptical about the time-limited contracts when asked about them. The contracts can be used by any large user of electricity, including commercial and industrial (C&I) locations that can flexibilise their power consumption.
The Dutch market appears to have turned a corner in the last year with several large-scale projects announced, alongside Giga’s Leopard, including a 640MWh BESS being developed by SemperPower in partnership with developer Corre Energy and a 1.5GWh one from Lion Storage receiving a construction permit.

Continue reading

The firm signed a memorandum of understanding (MOU) with the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) to provide the country with lithium iron phosphate (LFP) battery cells from its Norway gigafactory to help it maintain stable power.
Ukraine aims to build a distributed battery energy storage system (BESS) grid, Morrow added.
Potential deliveries under the MOU may reach gigawatt-hour levels, Morrow said, although the exact volumes are yet to be agreed. Ukraine needs a significant amount of BESS over the next few years for grid stabilising, it added.
“Securing stable power supply is important for Ukraine, and President Zelensky has defined it as a task for the government to establish energy storage facilities in every school and hospital as soon as possible. This underlines the need to build a strong battery value chain in Europe. Access to batteries produced by European vendors is a critical factor for building less vulnerable grids and ensuring batteries for mobile solutions”, said the head of SAEE Anna Zamazeeva.
“We share a great sense of urgency and will do our part in being ready to sign a firm offtake agreement with relevant authorities in Ukraine and are ready to start deliveries of battery cells from the first quarter of 2025”, says CEO Lars Christian Bacher of Morrow Batteries.
The SAEE is Ukraine’s state body responsible for implementing state policy in the areas of energy efficiency, energy saving, renewable energy sources and alternative fuels.
Morrow recently had its first gigafactory inaugurated by Norway’s prime minister Jonas Gahr Støre this month though will only start full LFP manufacturing later in the year. Energy-Storage.news interviewed its COO Andreas Maier earlier this year about its decision to target the BESS market rather than EVs as most gigafactories are (Premium access).
The global slowdown in electric vehicle (EV) demand, highlighted recently by LG, means that may have been a sound commercial decision. But, it is also a strategic one for Europe and its battery industry, as it can enable the rapid deployment of crucial grid infrastructure like the projects under the MOU with Ukraine.
Ukraine’s first grid-scale BESS came online in 2021, a 2.25MWh system from investor DTEK. The firm has expanded outside of Ukraine too, recently buying a 532MWh BESS project in Poland from developer Colombus Energy.

Continue reading

The firm signed a memorandum of understanding (MOU) with the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) to provide the country with lithium iron phosphate (LFP) battery cells from its Norway gigafactory to help it maintain stable power.
Ukraine aims to build a distributed battery energy storage system (BESS) grid, Morrow added.
Potential deliveries under the MOU may reach gigawatt-hour levels, Morrow said, although the exact volumes are yet to be agreed. Ukraine needs a significant amount of BESS over the next few years for grid stabilising, it added.
“Securing stable power supply is important for Ukraine, and President Zelensky has defined it as a task for the government to establish energy storage facilities in every school and hospital as soon as possible. This underlines the need to build a strong battery value chain in Europe. Access to batteries produced by European vendors is a critical factor for building less vulnerable grids and ensuring batteries for mobile solutions”, said the head of SAEE Anna Zamazeeva.
“We share a great sense of urgency and will do our part in being ready to sign a firm offtake agreement with relevant authorities in Ukraine and are ready to start deliveries of battery cells from the first quarter of 2025”, says CEO Lars Christian Bacher of Morrow Batteries.
The SAEE is Ukraine’s state body responsible for implementing state policy in the areas of energy efficiency, energy saving, renewable energy sources and alternative fuels.
Morrow recently had its first gigafactory inaugurated by Norway’s prime minister Jonas Gahr Støre this month though will only start full LFP manufacturing later in the year. Energy-Storage.news interviewed its COO Andreas Maier earlier this year about its decision to target the BESS market rather than EVs as most gigafactories are (Premium access).
The global slowdown in electric vehicle (EV) demand, highlighted recently by LG, means that may have been a sound commercial decision. But, it is also a strategic one for Europe and its battery industry, as it can enable the rapid deployment of crucial grid infrastructure like the projects under the MOU with Ukraine.
Ukraine’s first grid-scale BESS came online in 2021, a 2.25MWh system from investor DTEK. The firm has expanded outside of Ukraine too, recently buying a 532MWh BESS project in Poland from developer Colombus Energy.

Continue reading

The firm signed a memorandum of understanding (MOU) with the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) to provide the country with lithium iron phosphate (LFP) battery cells from its Norway gigafactory to help it maintain stable power.
Ukraine aims to build a distributed battery energy storage system (BESS) grid, Morrow added.
Potential deliveries under the MOU may reach gigawatt-hour levels, Morrow said, although the exact volumes are yet to be agreed. Ukraine needs a significant amount of BESS over the next few years for grid stabilising, it added.
“Securing stable power supply is important for Ukraine, and President Zelensky has defined it as a task for the government to establish energy storage facilities in every school and hospital as soon as possible. This underlines the need to build a strong battery value chain in Europe. Access to batteries produced by European vendors is a critical factor for building less vulnerable grids and ensuring batteries for mobile solutions”, said the head of SAEE Anna Zamazeeva.
“We share a great sense of urgency and will do our part in being ready to sign a firm offtake agreement with relevant authorities in Ukraine and are ready to start deliveries of battery cells from the first quarter of 2025”, says CEO Lars Christian Bacher of Morrow Batteries.
The SAEE is Ukraine’s state body responsible for implementing state policy in the areas of energy efficiency, energy saving, renewable energy sources and alternative fuels.
Morrow recently had its first gigafactory inaugurated by Norway’s prime minister Jonas Gahr Støre this month though will only start full LFP manufacturing later in the year. Energy-Storage.news interviewed its COO Andreas Maier earlier this year about its decision to target the BESS market rather than EVs as most gigafactories are (Premium access).
The global slowdown in electric vehicle (EV) demand, highlighted recently by LG, means that may have been a sound commercial decision. But, it is also a strategic one for Europe and its battery industry, as it can enable the rapid deployment of crucial grid infrastructure like the projects under the MOU with Ukraine.
Ukraine’s first grid-scale BESS came online in 2021, a 2.25MWh system from investor DTEK. The firm has expanded outside of Ukraine too, recently buying a 532MWh BESS project in Poland from developer Colombus Energy.

Continue reading

The firm signed a memorandum of understanding (MOU) with the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) to provide the country with lithium iron phosphate (LFP) battery cells from its Norway gigafactory to help it maintain stable power.
Ukraine aims to build a distributed battery energy storage system (BESS) grid, Morrow added.
Potential deliveries under the MOU may reach gigawatt-hour levels, Morrow said, although the exact volumes are yet to be agreed. Ukraine needs a significant amount of BESS over the next few years for grid stabilising, it added.
“Securing stable power supply is important for Ukraine, and President Zelensky has defined it as a task for the government to establish energy storage facilities in every school and hospital as soon as possible. This underlines the need to build a strong battery value chain in Europe. Access to batteries produced by European vendors is a critical factor for building less vulnerable grids and ensuring batteries for mobile solutions”, said the head of SAEE Anna Zamazeeva.
“We share a great sense of urgency and will do our part in being ready to sign a firm offtake agreement with relevant authorities in Ukraine and are ready to start deliveries of battery cells from the first quarter of 2025”, says CEO Lars Christian Bacher of Morrow Batteries.
The SAEE is Ukraine’s state body responsible for implementing state policy in the areas of energy efficiency, energy saving, renewable energy sources and alternative fuels.
Morrow recently had its first gigafactory inaugurated by Norway’s prime minister Jonas Gahr Støre this month though will only start full LFP manufacturing later in the year. Energy-Storage.news interviewed its COO Andreas Maier earlier this year about its decision to target the BESS market rather than EVs as most gigafactories are (Premium access).
The global slowdown in electric vehicle (EV) demand, highlighted recently by LG, means that may have been a sound commercial decision. But, it is also a strategic one for Europe and its battery industry, as it can enable the rapid deployment of crucial grid infrastructure like the projects under the MOU with Ukraine.
Ukraine’s first grid-scale BESS came online in 2021, a 2.25MWh system from investor DTEK. The firm has expanded outside of Ukraine too, recently buying a 532MWh BESS project in Poland from developer Colombus Energy.

Continue reading

The BESS’ location will allow it to leverage new clean energy generation facilities being developed in Victoria’s state-designated South-West Renewable Energy Zone (REZ) V4 region, where it also sits. That will be one of six REZ developments planned in the state. Battery storage is expected to enable REZ developments to maximise their usable energy output.
Origin Energy confirmed its intention to go through with the project in early 2024 when it committed to investing AU$400 million (US$263.7 million) into it and announced the appointment of Fluence as BESS technology supplier. Fluence’s Nispera asset management software will optimise its market participation.
The Mortlake BESS is expected to be commissioned late in 2026. It will support further renewable energy project developments by charging during the day when renewable energy sources like wind and solar generation are plentiful and discharging into the grid during peak periods.
Earlier this year, the Australian Renewable Energy Agency (ARENA) said it would allocate up to AU$24 million towards the total cost of the Mortlake BESS via its Large Scale Battery Storage Funding Round, which opened in 2022.
Origin to expand Eraring BESS project in New South Wales
Origin Energy has been busy in the Australian BESS market in recent months. In July, the organisation confirmed that it had approved the second stage of the Eraring battery energy storage project in New South Wales, which would see an additional 240MW/1030MWh grid-forming BESS built.
Adding this to the site’s existing 460MW/1073MWh 2-hour duration BESS currently under construction would bring the project’s cumulative capacity to over 2GWh.
Stage 1 of the Eraring project is expected to cost around AU$600 million and be delivered by the BESS arm of Finnish marine and energy technology company Wärtsilä, via an engineering equipment delivery (EED) contract with Origin. It is expected to come online at the end of 2025.
Origin has already signed equipment supply and construction agreements for Stage 2 of the project. Wärtsilä has again been employed to deliver the battery equipment, with Enerven Energy Infrastructure providing design and construction services. Construction will begin in early 2025 and be completed in Q1 of 2027.

Continue reading

It also updated on the asset sale, which was first announced in May. HEIT had scrapped its first quarter dividend and said the fund’s stock was being undervalued by markets, leading to its decision to appoint asset manager JLL to sell some, or all, of its portfolio.
HEIT said the sale process “is progressing” and that prospective bidders have shown “strong” interest. The group claimed indicative non-binding offers are expected to be received within the next month or so.
HEIT’s portfolio includes two of the biggest BESS projects in Europe, Pillswood and Bumpers, equally sized at 98MW/196MWh each. The eight project portfolio totals 395.4MW output to 790MWh capacity (all 2-hour duration assets), of which 79% (312.5MW/625MWh) is operational.
HEIT’s NAV fell slightly (-1.4%) to £215.43 million versus the £218.53 million reported as of the end of April. The latest NAV was equivalent to 94.84p per ordinary share, down by 1.37p per ordinary share since the previous reported period.
A negative mark-to-market valuation of a HEIT interest rate swap impacted the NAV, although the impact was partly offset by the energisation of the group’s 35MW/70MWh Rusholme project in Yorkshire during the period, which has now commenced trading.
Revenues for BESS assets on the grid in Great Britain (GB) have seen a downturn in the past year or so, based largely on market saturation for ancillary services. HEIT’s fellow UK-listed BESS investment funds, Gresham House Energy Storage Fund and Gore Street Capital have both reported challenges over 2024.
At the end of June, in reporting its half-year for the period up to the end of April, HEIT said that “the worst is behind us and better, more profitable times lie ahead,” as it prepared to put three more income-generating assets into action.
However, for the three months ending 31 July, HEIT said lower wholesale market spreads meant revenues were at an average of £45.3k/MW/year, and said decreased wind generation on the GB grid during July in particular impacted BESS revenues across the market.
Low wind was coupled with low gas and carbon prices, reducing average monthly wholesale price spreads to 28% lower for July than June, while the lack of opportunity in the wholesale market drove higher competition for ancillary services, in turn lowering prices for those markets too.
There were some positives looking ahead, HEIT said. The trust welcomed the Labour government’s focus on renewables, as well as National Grid ESO’s recent publication of the Future Energy Scenarios (FES) 2024 document that emphasised the need for continued BESS buildout to support the electricity system.
While low wind production meant lower spreads and therefore lower revenues in July, August is already seeing higher levels of solar PV and wind on the grid, which HEIT said correlated with a marked improvement in revenues. It estimated that month-to-date revenues for August averaged £67.2k/MW/year in its portfolio.
To read the full version of this story, visit Solar Power Portal.

Continue reading

It also updated on the asset sale, which was first announced in May. HEIT had scrapped its first quarter dividend and said the fund’s stock was being undervalued by markets, leading to its decision to appoint asset manager JLL to sell some, or all, of its portfolio.
HEIT said the sale process “is progressing” and that prospective bidders have shown “strong” interest. The group claimed indicative non-binding offers are expected to be received within the next month or so.
HEIT’s portfolio includes two of the biggest BESS projects in Europe, Pillswood and Bumpers, equally sized at 98MW/196MWh each. The eight project portfolio totals 395.4MW output to 790MWh capacity (all 2-hour duration assets), of which 79% (312.5MW/625MWh) is operational.
HEIT’s NAV fell slightly (-1.4%) to £215.43 million versus the £218.53 million reported as of the end of April. The latest NAV was equivalent to 94.84p per ordinary share, down by 1.37p per ordinary share since the previous reported period.
A negative mark-to-market valuation of a HEIT interest rate swap impacted the NAV, although the impact was partly offset by the energisation of the group’s 35MW/70MWh Rusholme project in Yorkshire during the period, which has now commenced trading.
Revenues for BESS assets on the grid in Great Britain (GB) have seen a downturn in the past year or so, based largely on market saturation for ancillary services. HEIT’s fellow UK-listed BESS investment funds, Gresham House Energy Storage Fund and Gore Street Capital have both reported challenges over 2024.
At the end of June, in reporting its half-year for the period up to the end of April, HEIT said that “the worst is behind us and better, more profitable times lie ahead,” as it prepared to put three more income-generating assets into action.
However, for the three months ending 31 July, HEIT said lower wholesale market spreads meant revenues were at an average of £45.3k/MW/year, and said decreased wind generation on the GB grid during July in particular impacted BESS revenues across the market.
Low wind was coupled with low gas and carbon prices, reducing average monthly wholesale price spreads to 28% lower for July than June, while the lack of opportunity in the wholesale market drove higher competition for ancillary services, in turn lowering prices for those markets too.
There were some positives looking ahead, HEIT said. The trust welcomed the Labour government’s focus on renewables, as well as National Grid ESO’s recent publication of the Future Energy Scenarios (FES) 2024 document that emphasised the need for continued BESS buildout to support the electricity system.
While low wind production meant lower spreads and therefore lower revenues in July, August is already seeing higher levels of solar PV and wind on the grid, which HEIT said correlated with a marked improvement in revenues. It estimated that month-to-date revenues for August averaged £67.2k/MW/year in its portfolio.
To read the full version of this story, visit Solar Power Portal.

Continue reading

It also updated on the asset sale, which was first announced in May. HEIT had scrapped its first quarter dividend and said the fund’s stock was being undervalued by markets, leading to its decision to appoint asset manager JLL to sell some, or all, of its portfolio.
HEIT said the sale process “is progressing” and that prospective bidders have shown “strong” interest. The group claimed indicative non-binding offers are expected to be received within the next month or so.
HEIT’s portfolio includes two of the biggest BESS projects in Europe, Pillswood and Bumpers, equally sized at 98MW/196MWh each. The eight project portfolio totals 395.4MW output to 790MWh capacity (all 2-hour duration assets), of which 79% (312.5MW/625MWh) is operational.
HEIT’s NAV fell slightly (-1.4%) to £215.43 million versus the £218.53 million reported as of the end of April. The latest NAV was equivalent to 94.84p per ordinary share, down by 1.37p per ordinary share since the previous reported period.
A negative mark-to-market valuation of a HEIT interest rate swap impacted the NAV, although the impact was partly offset by the energisation of the group’s 35MW/70MWh Rusholme project in Yorkshire during the period, which has now commenced trading.
Revenues for BESS assets on the grid in Great Britain (GB) have seen a downturn in the past year or so, based largely on market saturation for ancillary services. HEIT’s fellow UK-listed BESS investment funds, Gresham House Energy Storage Fund and Gore Street Capital have both reported challenges over 2024.
At the end of June, in reporting its half-year for the period up to the end of April, HEIT said that “the worst is behind us and better, more profitable times lie ahead,” as it prepared to put three more income-generating assets into action.
However, for the three months ending 31 July, HEIT said lower wholesale market spreads meant revenues were at an average of £45.3k/MW/year, and said decreased wind generation on the GB grid during July in particular impacted BESS revenues across the market.
Low wind was coupled with low gas and carbon prices, reducing average monthly wholesale price spreads to 28% lower for July than June, while the lack of opportunity in the wholesale market drove higher competition for ancillary services, in turn lowering prices for those markets too.
There were some positives looking ahead, HEIT said. The trust welcomed the Labour government’s focus on renewables, as well as National Grid ESO’s recent publication of the Future Energy Scenarios (FES) 2024 document that emphasised the need for continued BESS buildout to support the electricity system.
While low wind production meant lower spreads and therefore lower revenues in July, August is already seeing higher levels of solar PV and wind on the grid, which HEIT said correlated with a marked improvement in revenues. It estimated that month-to-date revenues for August averaged £67.2k/MW/year in its portfolio.
To read the full version of this story, visit Solar Power Portal.

Continue reading