Latest news with #Scatec
Yahoo
4 days ago
- Business
- Yahoo
Scatec ASA: Subscriptions for the Employee Share Purchase Programme 2025
Oslo, 25 June 2025: As announced on 16 June 2025, Scatec offered participants the opportunity to purchase shares with a trading value of between NOK 10,413 and NOK 104,128. The subscription period was from 16 - 25 June 2025. The price per share has been set at NOK 89.45, based on the average volume-weighted share price on the Oslo Stock Exchange over the last five trading days during the subscription period. In total, employees have subscribed for 68,533 shares under the share purchase programme. The allocation of shares and delivery to employees is expected to take place by 4 July 2025. See attachment for an overview of the number of shares to be allocated to primary insiders who have subscribed as per end of the subscription period, as well as the notifications of the transactions in accordance with the Market Abuse Regulation Article 19. For further information, please contact:Andreas Austrell, SVP 974 38 686 About Scatec Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 6.2 GW in operation and under construction across five continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of 'Improving our Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SCATC'. To learn more, visit or connect with us on LinkedIn. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Primary insiders subscription - Scatec
Yahoo
6 days ago
- Business
- Yahoo
Battery & Energy Storage Market Outlook, Trends, Technologies and Growth
Luton, Bedfordshire, United Kingdom, June 23, 2025 (GLOBE NEWSWIRE) -- Battery & Energy Storage Market Report: 2024–2025 Overview Foreword & Key Quotes Battery energy storage is now pivotal to the global energy transition—supporting grid reliability, enabling renewable integration, and fostering innovation in new chemistries and domestic manufacturing. Download PDF Brochure: Vittoria Bellissimo, CEO of CanREA (Canada Renewable Energy Assoc.) on Alberta's drive for energy storage (2025): 'Storage provides many different services to the electricity grid… and the cost of storage has fallen by more than 90% in the past 15 years. It is time to leverage this to our advantage.' Terje Pilskog, CEO of Scatec (Feb 2025): 'Solar panel prices have dropped 66% and battery systems 58% in the past few years… now renewables can be used in many more situations.' Joe Mastrangelo, CEO, Eos Energy (U.S., zinc-based LDES): 'We can still build things in the U.S.' Manufacturing shifted back, with nonflammable batteries now rolling off at high volumes. Reuters/FT on China vs Korea: 'Chinese batteries account for nearly 90% of global capacity… despite U.S. tariffs offering hope to Korean firms.' These insights reflect converging trends: dramatic cost reductions, grid-scale deployments, and geo‑economic races shaping manufacturing and trade policy. Market Size & Growth Global BESS Market: Download PDF Brochure The global Battery Energy Storage System (BESS) market is poised for significant growth, valued at approximately $10.5 billion in 2024. This market is expected to reach around $32 billion by 2034, driven by increasing demand for renewable energy integration, grid stability, and energy efficiency initiatives. The projected Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated at 12.5%, reflecting the robust momentum in energy storage technologies. Buy Now: ESS Broader Market: Download PDF Brochure The market value for the Environmental, Social, and Governance (ESG) sector is estimated at approximately $1.7 trillion. Forecasted growth indicates a market value reaching around $3.5 trillion by 2034, reflecting increased consumer and investor demand for sustainable practices across industries. This projection suggests a robust Compound Annual Growth Rate (CAGR) of about 7.5% during the forecast period from 2025 to 2034. Buy Now: Alternative Forecast: Asia‐Pacific-leading ESS market to grow from USD 3.16 B (2024) to USD 10.3 B by 2033 (14% CAGR). Regional Highlights: Asia-Pacific dominated at USD 13.3 B in 2024, led by China's cell manufacturing. North America and Europe ramping BESS spend via grid modernization and renewables mix. Residential U.S. Li-ion BESS valued at USD 1.52 B (2024), expected to hit USD 1.99 B in 2025, and USD 5.09 B by 2032 (CAGR 14.4%). Key Market Events (2024–2025) 24 GWh of large-scale battery deployment in U.S. (2024) — a 71% annual increase; California led with 11 GWh. Alberta Energy Storage Conference (2025) — industry call for broader deployment as costs slashed by >90%. Nova BESS (680 MW) & European Mega-Projects — Belgium's Green Turtle (600 MW/2.4 GWh) and U.S. utility-scale builds underway. Tariff-driven geopolitics — U.S. imposes 155–173% tariffs on Chinese ESS, prompting South Korean makers to expand. Grid-scale supply contracts — NEV Energy's 440 MWh Reid Gardner backup system significantly eased customer bills. UK zonal pricing debate — developers advocate for region-based pricing to align grid investment signals. Strategic Company Developments CATL: China-based lithium-ion titan with 40% global ESS market share; capacity >1.5 TWh by 2027. BYD: Ranks #2 in ESS manufacturing with 17% share; emerging blade and sodium-ion tech. LG Energy Solution, Panasonic, Samsung SDI: Korean and Japanese leaders pivoting to LFP and building U.S./Europe capacity. Eos Energy: Domestic zinc-based long-duration storage; scaled U.S. production from few staff to 500+ employees. Enerpoly: Zinc-ion innovator partnering with Rockwell for European supply chains and recycling infrastructure. Neoen: French renewables player with >2.3 GW / 5.3 GWh of global battery assets, including Hornsdale and Collie. Browse full Report - Funding & Investment Highlights While large ESS projects often involve cap-ex and utilities, notable investments include: RWE's 220 MW German BESS as part of nuclear phase-out. Giga Storage's 600 MW Belgium project (Green Turtle) underway. Eos Energy headquartered in U.S., private funding enabled domestic manufacturing growth. Government Initiatives & Policies FERC Order 841 (U.S.) — enabling storage participation in markets; California SGIP & ITC drives residential BESS. Geo‑economic tariffs — U.S. measures restrict Chinese battery imports to strengthen domestic and Korean capacity. Canada's energy storage incentives — regulatory alignment and hydro-Québec pilot programs follow Alberta's mandate. EU cost allowance & procurement — 5x capacity growth expected by 2030; developers urging zonal pricing updates. Regional Snapshots North America: Residential BESS boom (1,250 MW installed in 2024), grid-scale adoption, utility support, and manufacturing reshoring. Europe: 50 GW storage target by 2030, major projects by utilities like Giga Storage & Neoen . APAC: China leads production; India, Japan, Australia expanding ESS for renewable integration. LATAM & MENA: Emerging tenders in Brazil, UAE, Saudi; large-scale deployments with Chinese suppliers. Future Trends & Strategic Insights Cost declines: Cells now US$50/kWh (2024), stack cost under US$200/kWh. New chemistries: Zinc, flow, sodium-ion begin competing against LFP and NMC. Market structure: Emergence of virtual power plants, aggregated storage services, dynamic pricing in Europe and North America. Security vs. economics: Tariffs and domestic manufacturing policies shape regional sourcing and supply/security narratives. Case Study: CATL – Scaling Utility-Grade Energy Storage TENER Platform & 9 MWh 'Tener Stack' In April 2025, CATL unveiled its TENER Smart Storage platform—a modular, lifecycle-optimized management system designed for energy storage projects. The Tener Stack, launched in May 2025, is the world's first 9 MWh ultra-large-capacity LFP container, featuring efficient 20-foot system architecture for rapid deployment in grid and microgrid use cases. Advanced 587 Ah Battery Cell CATL's latest 587 Ah cell, achieving 434 Wh/L, is geared for high-density grid storage. It enables a 25% increase in system energy density and cuts component count by more than 40%, reducing both complexity and costs. Global Strategy & Geopolitical Positioning With over 256 GWh of installed BESS capacity, CATL commands 40% worldwide market share. The firm is expanding sodium-ion (Naxtra) EV battery production by end-2025, positioning it as a multi-chemistry innovator. While the U.S. weighs security concerns over CATL's involvement in the grid, the company continues forging partnerships—including Tesla's Megapack and battery swap initiatives—highlighting its influence across commercial, industrial, and EV sectors. Case Study: Eos Energy – Commercializing Zinc-Based Long-Duration Storage Scaling Z3 Zinc-Bromine Systems Eos has rapidly scaled its Z3 zinc-bromine battery, with a projected tenfold year-over-year increase in revenue in 2025. Partnering with Faraday Microgrids, Eos secured a repeat order for its 3 MW/15 MWh system to support a California tribal community microgrid—a project partly funded by the California Energy Commission. These systems deliver grid resilience via long-duration output and nonflammability, ideal for tribal resilience and utility integration. Manufacturing & Federal Support Eos also began strategies to site a second factory outside of Monmouth, New Jersey, to meet burgeoning demand. Notably, in 2023, they secured a $396 M U.S. Department of Energy loan for domestic zinc battery production—a vote of confidence in their tech competitiveness. Recent contracts include support for a Naval Base San Diego project, underscoring growing interest in U.S.-made long-duration storage for critical infrastructure. Case Study: Neoen – Executing Largest-Ever 4‑Hour Battery in Australia Collie Battery Kickstarts Neoen's Collie Battery, located at the former Collie coal power station site, reached 219 MW/877 MWh in Stage 1 in October 2024—delivered ahead of schedule and entering operation earlier than planned. The battery can power 20% of Western Australia's average electricity demand per cycle, providing critical evening peak support. National Scale-Up Stage 2 is underway (341 MW/1,363 MWh), targeting full 560 MW/2,240 MWh capacity by late 2025—making it one of the world's largest 4-hour battery installations. CATL provides the LFP container solution for the project. Strategic Grid Impact Funded with AU$2.3 B from Western Australia, Collie is pivotal for the state's coal-to-renewables transition. It integrates with the SWIS grid, enhancing stability and grid-forming capabilities. Neoen's global energy storage footprint totals 2.3 GW/5.3 GWh, reinforcing the strategic importance of Collie as both a local and global model. Buy Now: Why These Case Studies Matter Company Innovation Impact CATL Ultra-large LFP stacks, high-density cells, sodium-ion Shaping cost curves, mass production, geopolitical reach Eos U.S.-made long-duration Zn battery, DOE validation, diverse end-use Alternative chemistry for resilience, defense and community microgrids Neoen One of world's largest 4h BESS, public financing, coal-to-renewables model Power system transformation and grid stability demonstration Key Market Research Reports Battery Energy Storage System Market The global Battery Energy Storage System (BESS) market is poised for significant growth, valued at approximately $10.5 billion in 2024. This market is expected to reach around $32 billion by 2034, driven by increasing demand for renewable energy integration, grid stability, and energy efficiency initiatives. The projected Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated at 12.5%, reflecting the robust momentum in energy storage technologies. Download PDF Brochure: Grid‑Scale Battery Storage Market The global grid-scale battery storage market is experiencing significant growth, with a current estimated value of approximately USD 18 billion in 2024. The market is projected to reach around USD 64 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 14% during the forecast period from 2025 to 2034. Download PDF Brochure: Residential Energy Storage Market The residential energy storage market is poised for significant growth, with a current market value of approximately $10 billion in 2024. The market is projected to reach around $35 billion by 2034, driven by the increasing adoption of renewable energy and technological advancements in battery storage solutions. This forecast represents a robust Compound Annual Growth Rate (CAGR) of about 13.2% from 2025 to 2034. Download PDF Brochure: Smart Energy Storage Market In 2024, the smart energy storage market is valued at approximately $12 billion, driven by the increasing demand for renewable energy sources and the growing need for efficient energy management solutions. The market is projected to reach around $45 billion by 2034, reflecting significant investment in sustainable technologies and energy resilience initiatives. Download PDF Brochure: Energy Storage Systems Market The global energy storage systems market is valued at approximately $18 billion in 2024, with a robust growth trajectory projected to reach around $55 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period from 2025 to 2034. Download PDF Brochure: Startup Innovation & Funding Landscape (2024–2025) Spotlight on Leading Startups Form Energy (U.S.) – With >$1.2 billion in funding, the iron-air storage innovator is scaling production from its 2024 facility toward 500 MW annual capacity by 2028. Zenobe (UK) – Raised >£1 billion, currently operates 735 MW contracted capacity, aiming for 1.2 GW by 2026; also repurposes EV batteries for sustainable storage. Base Power (U.S.) – Closed a $200 M Series B to scale home battery manufacturing and service expansion in Texas and beyond, enhancing grid resiliency. Exowatt (U.S.) – Raised $90 M total, including a $70 M Series A, to develop modular thermal-storage systems for data centers and AI infrastructure. AmpereHour Energy (India) – Secured a $5 M Series A to scale local energy storage solutions in Pune, supporting distributed renewables and microgrids. VFlowTech (Singapore) – Raised USD 20.5 M to develop long-duration energy storage tech suitable for tropical and grid-stabilization use cases. iwell (Netherlands) – Raised €27 M to commercialize AI-powered smart-grid battery systems across Europe. Capalo AI (Finland) – Seed-funded $4.1 M to build AI-driven virtual power plant software that optimizes storage dispatch in electricity markets. Energy Storage Software Startups – Investors emphasize software as 'soft costs' account for >40% of BESS cost structure; platforms optimizing operations are drawing VC interest. Request Sample Pages: More Research Finding – Direct Methanol Fuel Cells Market The global Direct Methanol Fuel Cells (DMFC) market is valued at approximately $1.5 billion in 2024, with projections indicating significant growth to around $4.5 billion by 2034. This growth translates to a compound annual growth rate (CAGR) of about 12.0% during the forecast period from 2025 to 2034. Solar Lighting Systems Market The global solar lighting systems market is poised to reach an estimated value of $3.2 billion in 2024, reflecting growing adoption driven by sustainability initiatives and increased demand for reliable off-grid lighting solutions. The projected market value is expected to surge to $7.1 billion by 2034, highlighting robust growth opportunities. Residential Energy Storage Market The residential energy storage market is poised for significant growth, with a current market value of approximately $10 billion in 2024. The market is projected to reach around $35 billion by 2034, driven by the increasing adoption of renewable energy and technological advancements in battery storage solutions. This forecast represents a robust Compound Annual Growth Rate (CAGR) of about 13.2% from 2025 to 2034. Heat Exchangers Market The heat exchangers market is expected to grow at 5.1% CAGR from 2022 to 2029. It is expected to reach above USD 23.22 billion by 2029 from USD 15.6 billion in 2021. Power Transformers Market The power transformers market is valued at approximately $16 billion in 2024, driven by the increasing demand for electricity and the modernization of grid infrastructure globally. The market is projected to grow significantly, reaching an estimated $25 billion by 2034, with a Compound Annual Growth Rate (CAGR) of around 5% during the forecast period from 2025 to 2034. Turbines Market The global turbine market is valued at approximately $210 billion, demonstrating robust growth due to rising energy demands and a shift towards renewable energy solutions. The projected market value for 2025 is estimated at $225 billion, with an expected increase to around $320 billion by 2034. This indicates a Compound Annual Growth Rate (CAGR) of approximately 4.5% over the forecast period from 2025 to 2034. Consumer Batteries Market The global consumer batteries market is valued at approximately $65 billion, driven by the rising demand for portable electronics and electric vehicles. Analysts anticipate that the market will exhibit robust growth, with a projected value reaching around $100 billion by 2034. This indicates a compound annual growth rate (CAGR) of about 4.5% during the forecast period from 2025 to 2034. Power Transmission and Distribution Equipments Market The global power transmission and distribution equipment market is valued at approximately $297 billion in 2024, with projections indicating significant growth to around $469 billion by 2034. This trajectory reflects a robust compound annual growth rate (CAGR) of approximately 4.7% during the forecast period from 2025 to 2034. Natural Gas Market The global natural gas market is projected to reach approximately $4.1 trillion in 2024, driven by an increasing demand for cleaner energy sources and technological advancements in extraction and processing. The market is expected to grow significantly during the forecast period from 2025 to 2034, reaching an estimated value of $6.5 trillion by 2034. This growth corresponds to a Compound Annual Growth Rate (CAGR) of about 5.0% over the next decade. Fuel Cells Market The global fuel cells market is expected to grow at 19.70 % CAGR from 2020 to 2029. It is expected to reach above USD 17.91 Billion by 2029 from USD 3.55 Billion in 2020. Power Transmission Lines and Towers Market The global power transmission lines and towers market is valued at approximately $40 billion in 2024 and is projected to reach around $65 billion by 2034. This growth represents a compound annual growth rate (CAGR) of roughly 5.5% during the forecast period from 2025 to 2034. Superconducting Wire Market The global superconducting wire market is valued at approximately $1.9 billion, driven by applications across energy, transportation, and healthcare sectors. This market is expected to grow significantly, projecting a market value of around $4.5 billion by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of approximately 9.2% during the forecast period from 2025 to 2034. Field Programmable Gate Arrays FPGA Market The global Field Programmable Gate Array (FPGA) market is valued at approximately $9.2 billion in 2024 and is projected to reach around $16.5 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.2% over the forecast period from 2025 to 2034. Laser Diodes Market The global laser diodes market is valued at approximately $12.5 billion, driven by increasing demand in various sectors, including telecommunications, consumer electronics, and medical applications. The market is expected to grow significantly, reaching an estimated $22 billion by 2034, reflecting a CAGR of about 6.3% from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
18-06-2025
- Business
- Zawya
Egypt signs 6 green investments deals with development partners, private sector
Egypt penned six agreements and cooperation protocols with development partners, business associations, and private sector representatives. The key deals were signed during the 'Development Finance to Foster Private Sector-Led Growth & Jobs' conference, according to a press release. The contract aims to advance renewable energy projects, support green industries, and expand the 'HAFIZ' platform, while boosting investment and financing for enterprises. Deals Signed under NWFE Under the Nexus of Water, Food and Energy (NWFE) program, the government inked three contracts to advance its renewable energy ambitions and attract substantial foreign investment. The agreements included the financial close for the 1 GW Obelisk Solar Power Plant, which will feature 200 megawatt-hour (MWh) of battery storage. The first project, developed by Norwegian firm Scatec, will be implemented with total investments of $600 million. A total of $479 million will be provided by the European Bank for Reconstruction and Development (EBRD), British International Investment (BII), and the African Development Bank (AfDB) to Scatec's subsidiary, Obelisk Solar Energy. Additionally, the Egyptian Electricity Transmission Company (EETC) penned a $1 billion power purchase agreement with Scatec for the 900 MW Shadwan Wind Power Project in Ras Shukeir, Gulf of Suez. The third deal was signed between IFC and AMEA Power to finance Egypt's first utility-scale battery storage project, linked to the Abydos Solar Power Plant under the program's energy pillar. Expanding 'HAFIZ' Hub Rania El-Mashat, Minister of Planning, Economic Development and International Cooperation, signed a cooperation agreement to expand the 'HAFIZ' platform. The agreement was signed with the Federation of Egyptian Industries (FEI) and other business associations to support private sector growth and enhance enterprise access to advisory and financing services. El-Mashat also inked a bilateral cooperation protocol with the Federation of Egyptian Banks to strengthen dialogue between banks and international development partners, with a focus on supporting SMEs and boosting private sector empowerment. Sustainable Green Industry (SGI) Project The Ministry of Planning, in cooperation with the EIB and the National Bank of Egypt (NBE), signed a EUR 21 million investment grant agreement to support the Green Sustainable Industry (GSI) project. On the other hand, Egypt launched an investment program to finance projects focused on pollution reduction, decarbonization, and improving energy and resource efficiency in the public and private industrial sectors. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
eNCA
17-06-2025
- Business
- eNCA
Africa Energy Forum kicks off in Cape Town
CAPE TOWN - As the world looks to cleaner and more sustainable energy sources, Africa is being positioned as a future leader in green hydrogen production. At this year's Africa Energy Forum, energy company Scatec says the continent has the potential to become a global green hydrogen powerhouse. South Africa's vast solar and wind resources hold massive potential for energy production.
Yahoo
16-06-2025
- Business
- Yahoo
Scatec's Obelisk solar project in Egypt attains financial close
Renewable energy solutions provider Scatec has reached financial close for its Obelisk hybrid solar and battery storage project in Egypt, which is to be delivered in two phases. Scatec will provide engineering, procurement and construction (EPC), asset management (AM), and operations and maintenance (O&M) services for the Obelisk project, with the EPC scope accounting for roughly 70% of the total capex. The non-recourse project financing includes $479.1m provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII). The amount covers approximately 80% of the total estimated capital expenditure of $590m. Scatec CEO Terje Pilskog said: 'Reaching financial close for this project marks a major milestone for Scatec. It proves our ability to deliver large-scale hybrid projects. "We are proud to partner with leading development finance institutions to support Egypt's clean energy ambitions, and we look forward to delivering this important project together with our partners.' The project's first phase comprises 561MW of solar power and 100MW/200MWh of battery storage. It is expected to reach commercial operational date (COD) in the first half of 2026. The second phase will add another 564MW of solar capacity in the latter half of the same year. Under a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), the generated energy will be sold in US dollars and is backed by a sovereign guarantee. Scatec previously secured equity bridge loans (EBL) totalling $120m for the project, which allows for the postponement of project equity injections until the end of the construction period. Furthermore, the company is in advanced talks with potential equity partners, with the expectation that these discussions will conclude in the coming months. "Scatec's Obelisk solar project in Egypt attains financial close" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
