
ENGIE and NHOA Energy Break Ground on 400 MWh Battery Project in Belgium
NHOA Energy, the global provider of utility-scale energy storage systems, today celebrated with ENGIE the groundbreaking of a 400 MWh battery energy storage system (BESS) in Kallo, Beveren, Belgium. The project will be delivered by NHOA Energy to ENGIE under a supply contract and a long-term service agreement.
The ceremony held this morning in the presence of Mathieu Bihet, Federal Minister of Energy, Marc Van de Vijver, Mayor of Beveren, Vincent Verbeke, CEO of ENGIE Belgium, and Lucie Kanius-Dujardin, Global Managing Director of NHOA Energy, marked the official start of construction on ENGIE's battery park.
This comes after the selection of ENGIE in the 4th Capacity Remuneration Mechanism (CRM) auction by the Belgian grid operator, Elia.
The CRM was set up by the Belgian government to address the anticipated shortage of installed power capacity, partly due to the planned partial phase-out of Belgian nuclear plants in 2025. This project in particular will play a key role in supporting the region's energy transition while also repurposing the former Kallo power plant, which operated on natural gas and fuel oil until its closure in 2011.
NHOA Energy's European power electronics and engineering capabilities, developed in almost two decades of energy storage field experience, will guarantee the performance, resilience and cybersecurity of the Kallo BESS which, once operational, will supply energy for up to four hours, meeting the electricity needs of over 48,000 households.
'It is with great pride that we are launching the construction of this battery park in Kallo today, together with the Minister of Energy, the municipality, and our valuable partners. This is ENGIE's second large-scale park in Belgium, a project that can only be realized through close cooperation with all of them. By developing this additional flexible capacity, we are contributing to the optimal use of wind and solar energy and meeting the needs of the electricity grid,' commented Vincent Verbeke.
'
Visit www.nhoa.energy
View source version on businesswire.com:https://www.businesswire.com/news/home/20250514650303/en/
[email protected];[email protected]
KEYWORD: BELGIUM AUSTRALIA/OCEANIA EUROPE AUSTRALIA
INDUSTRY KEYWORD: TECHNOLOGY UTILITIES TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT BATTERIES ENERGY
SOURCE: NHOA
Copyright Business Wire 2025.
PUB: 05/14/2025 07:44 AM/DISC: 05/14/2025 07:43 AM
http://www.businesswire.com/news/home/20250514650303/en
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Brookfield Renewable Partners LP (BEP) Q2 2025 Earnings Call Highlights: Strong FFO Growth and ...
Funds from Operations (FFO): $371 million or $0.56 per unit, up 10% year-over-year. Hydroelectric Segment FFO Growth: Over 50% increase from the prior year. Distributed Energy, Storage, and Sustainable Solutions FFO Growth: Up almost 40% year-over-year. Available Liquidity: $4.7 billion across the business. Asset Sales Proceeds: Approximately $1.5 billion or $400 million net to Brookfield Renewable. New Renewable Energy Capacity Commissioned: Approximately 2.1 gigawatts in the quarter. Contracts Secured: Incremental 4,300 gigawatt hours per year of generation. Financings Completed Year-to-Date: $19 billion across the business. Project Financing for Offshore Wind Development: EUR6.3 billion raised in Poland. Warning! GuruFocus has detected 10 Warning Signs with BEP. Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Brookfield Renewable Partners LP (NYSE:BEP) delivered strong financial results with a 10% year-over-year increase in funds from operations (FFO) per unit. The company successfully commissioned 7.7 gigawatts of new renewable energy capacity globally over the past 12 months. BEP secured a first-of-its-kind Hydro Framework Agreement with Google to deliver up to 3 gigawatts of hydroelectric capacity in the United States. The company has a robust pipeline of over 230 gigawatts of projects, including significant battery storage solutions. BEP's hydroelectric segment showed strong growth, with FFO up over 50% from the prior year, driven by strong performance from US and Colombian fleets. Negative Points The company faces challenges related to policy changes in the United States, particularly concerning tax credit eligibility for renewable projects. There is a significant supply-demand imbalance for energy in the regions where BEP operates, requiring substantial expansion of energy generation. The M&A activity in the US has been subdued due to market noise and uncertainty around new regulations and tax regimes. BEP's wind and solar segments had flat FFO compared to the prior year, affected by asset dispositions and gains on the sale of development assets in the prior year. The company needs to navigate the complexities of interconnection and transmission challenges in the US market, particularly in regions like PJM. Q & A Highlights Q: In light of the results from the recent PJM auction and high-capacity payments, are you able to accelerate the pace of development in that area or make changes in the US? A: Connor Teskey, CEO - Renewable Power & Transition: The PJM auction results highlight the supply-demand imbalance we're seeing globally. We're pulling projects forward as quickly as possible, using M&A to add more projects, and leveraging partnerships with large power buyers to develop or acquire with confidence. Q: How do large tech companies balance the need for baseload versus intermittent renewable energy? A: Connor Teskey, CEO - Renewable Power & Transition: Tech companies are the largest power buyers, driven by AI and data center growth. They demand more 24/7 power and contracts that include capacity components, which aligns with our diverse technology portfolio. Q: How do you feel about your US pipeline's tax credit eligibility through 2029, considering potential changes to FIAC criteria? A: Connor Teskey, CEO - Renewable Power & Transition: We feel comfortable with our position and are confident in securing tax credit eligibility for our US pipeline through the decade. We can pass through any changes in costs to end customers, preserving our development margins. Q: To fulfill the full 3 gigawatts under the Google framework agreement, will it require M&A? A: Connor Teskey, CEO - Renewable Power & Transition: The hydro market is becoming more liquid, and our arrangement with Google gives us a "hunting license" to pursue opportunities. We have the option to fulfill the agreement with existing capacity or through M&A. Q: How are you adapting to challenges in the US market, like interconnection issues, and are you prioritizing other regions? A: Connor Teskey, CEO - Renewable Power & Transition: We continue to consider speed of connection in our development activities. Our acquisition of Urban Grid was due to its preferential interconnection positions. We focus on markets where we can meet customer needs efficiently. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
2 hours ago
- Yahoo
Surviving retirement: Where do older Europeans get their money?
Older people had lower average disposable incomes than the total population in 28 European countries in 2022, according to the OECD. Luxembourg was the only exception among the 29 countries included in the analysis. Pensioners face financial difficulties in many countries and some people aged 65 and over continue to work as a result. But how exactly do the income sources of older people vary across nations? According to OECD data, two-thirds (66%) of the income of people aged 65 and over in Europe comes from public payouts, which are mainly state pensions and benefits. That's on average across 27 countries in 2020 or the latest available year. Work is the largest income source after public transfers, accounting for 21% of disposable income for older citizens. Capital income, such as personal pensions and savings, follows at 7%, and private occupational pensions at 6%. The share of public payouts in incomes ranges from 41% in Switzerland to 86% in Belgium. Public transfers also account for at least three-quarters of income for older people in Luxembourg (83%), Austria (82%), Finland (80%), Czechia (76%), Italy (76%), and Portugal and Greece (both 75%). Besides Switzerland, this share is below 50% in the UK (42%), the Netherlands (43%), and Denmark (45%). Among Europe's five largest economies, France has the highest share of public transfers in older people's incomes at 78%, while the UK has the lowest at 42%. The share is 76% in Italy, 72% in Spain, and 68% in Germany. With the exception of Finland, the Nordic countries have lower shares of public transfers. The share is 52% in Sweden, and 58% in both Norway and Iceland. In Turkey, an EU candidate country, 57% of older people's income comes from public transfers. Private occupational transfers exist only in 7 countries Private occupational pensions (pensions, severance payments, death grants, etc.) are not common across Europe. Among 27 countries, only seven note them as a source of income for older people. The Netherlands has the highest share, where they account for 40% of income, followed by the UK at 33% and Switzerland at 29%. Three Nordic countries also include private occupational pensions. They make up 19% of income in Sweden, 15% in Denmark, and 14% in Norway. Germany is the last country in this group, with private occupational pensions accounting for just 5% of income. How does the share of capitals vary? The portion of income that comes from capital — mainly private pensions and personal savings — varies significantly across Europe, ranging from less than 1% in Slovakia to as much as 23% in Denmark. In several countries, this share is at least 10%. These include Turkey and Switzerland (both 16%), France (15%), Sweden (12%), the UK (11%), and Finland, Norway, and Iceland (each at 10%). The share of capital in older people's income is less than 5% in several countries. Work remains a key income source for older people The share of work in the income of older people is significant in many European countries, exceeding one-third in several. It ranges from 7% in France to 40% in Latvia. Work accounts for over 32% of income for older people in Slovakia (36%), Lithuania (35%), Estonia and Poland (both 34%), and Iceland (32%). Work still makes up at least one-fifth of older people's income in several countries, including Turkey (27%), Hungary (26%), Slovenia (23%), Ireland and Czechia (22% each), and Greece, Portugal (21% each), and Spain (20%). Older people in France, Luxembourg, Finland, and Belgium are among the least reliant on work, with employment income accounting for less than 11% of their total income. Key findings: Varied social security systems Varying levels of the four income sources for older people, most of whom are pensioners, show the diversity of social security systems across Europe. Key insights from the data include: Western Europe (such as Belgium, France, Austria) relies heavily on public pensions as the primary income source. Nordic countries (such as Denmark and Sweden, not Finland) have more diversified income sources, including strong private pension schemes. Eastern and Southern Europe (including Poland, Slovakia, Greece, and Turkey) tend to have higher shares of work-related income. Private occupational pensions remain underdeveloped in many Eastern and Southern European countries. Old age poverty remains a significant issue in several European countries, and major pension disparities continue to exist across the continent. As life expectancies increase, policymakers face growing challenges to ensure adequate support for ageing populations while keeping deficits at economically sustainable levels. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Surviving retirement: Where do older Europeans get their money?
Older people had lower average disposable incomes than the total population in 28 European countries in 2022, according to the OECD. Luxembourg was the only exception among the 29 countries included in the analysis. Pensioners face financial difficulties in many countries and some people aged 65 and over continue to work as a result. But how exactly do the income sources of older people vary across nations? According to OECD data, two-thirds (66%) of the income of people aged 65 and over in Europe comes from public payouts, which are mainly state pensions and benefits. That's on average across 27 countries in 2020 or the latest available year. Work is the largest income source after public transfers, accounting for 21% of disposable income for older citizens. Capital income, such as personal pensions and savings, follows at 7%, and private occupational pensions at 6%. The share of public payouts in incomes ranges from 41% in Switzerland to 86% in Belgium. Public transfers also account for at least three-quarters of income for older people in Luxembourg (83%), Austria (82%), Finland (80%), Czechia (76%), Italy (76%), and Portugal and Greece (both 75%). Besides Switzerland, this share is below 50% in the UK (42%), the Netherlands (43%), and Denmark (45%). Among Europe's five largest economies, France has the highest share of public transfers in older people's incomes at 78%, while the UK has the lowest at 42%. The share is 76% in Italy, 72% in Spain, and 68% in Germany. With the exception of Finland, the Nordic countries have lower shares of public transfers. The share is 52% in Sweden, and 58% in both Norway and Iceland. In Turkey, an EU candidate country, 57% of older people's income comes from public transfers. Private occupational transfers exist only in 7 countries Private occupational pensions (pensions, severance payments, death grants, etc.) are not common across Europe. Among 27 countries, only seven note them as a source of income for older people. The Netherlands has the highest share, where they account for 40% of income, followed by the UK at 33% and Switzerland at 29%. Three Nordic countries also include private occupational pensions. They make up 19% of income in Sweden, 15% in Denmark, and 14% in Norway. Germany is the last country in this group, with private occupational pensions accounting for just 5% of income. How does the share of capitals vary? The portion of income that comes from capital — mainly private pensions and personal savings — varies significantly across Europe, ranging from less than 1% in Slovakia to as much as 23% in Denmark. In several countries, this share is at least 10%. These include Turkey and Switzerland (both 16%), France (15%), Sweden (12%), the UK (11%), and Finland, Norway, and Iceland (each at 10%). The share of capital in older people's income is less than 5% in several countries. Work remains a key income source for older people The share of work in the income of older people is significant in many European countries, exceeding one-third in several. It ranges from 7% in France to 40% in Latvia. Work accounts for over 32% of income for older people in Slovakia (36%), Lithuania (35%), Estonia and Poland (both 34%), and Iceland (32%). Work still makes up at least one-fifth of older people's income in several countries, including Turkey (27%), Hungary (26%), Slovenia (23%), Ireland and Czechia (22% each), and Greece, Portugal (21% each), and Spain (20%). Older people in France, Luxembourg, Finland, and Belgium are among the least reliant on work, with employment income accounting for less than 11% of their total income. Key findings: Varied social security systems Varying levels of the four income sources for older people, most of whom are pensioners, show the diversity of social security systems across Europe. Key insights from the data include: Western Europe (such as Belgium, France, Austria) relies heavily on public pensions as the primary income source. Nordic countries (such as Denmark and Sweden, not Finland) have more diversified income sources, including strong private pension schemes. Eastern and Southern Europe (including Poland, Slovakia, Greece, and Turkey) tend to have higher shares of work-related income. Private occupational pensions remain underdeveloped in many Eastern and Southern European countries. Old age poverty remains a significant issue in several European countries, and major pension disparities continue to exist across the continent. As life expectancies increase, policymakers face growing challenges to ensure adequate support for ageing populations while keeping deficits at economically sustainable levels.