Latest news with #batteryStorage
Reuters
04-07-2025
- Automotive
- Reuters
AGL Energy buys South Australia's Virtual Power Plant from Tesla
July 4 (Reuters) - AGL Energy ( opens new tab said on Friday it had acquired South Australia's Virtual Power Plant (SAVPP) from Tesla (TSLA.O), opens new tab, as the Australian power retailer looks to ramp up its battery storage capacity to drive green energy transition. The deal comes as AGL seeks to fulfil its promise of exiting coal-fired generation and achieve net zero carbon emissions by 2035, targeting 1.4 gigawatts of grid-scale battery storage projects in the next year. The acquisition of SAVPP, one of the largest virtual power plants in Australia, will allow AGL to access a network of residential solar and battery systems comprising of about 7,000 Powerwall home batteries, with more expected to be installed this year. SAVPP is a network of solar and Powerwall home battery systems, installed on South Australian social and community housing which will now be owned by AGL. Under the program, customers will receive significantly discounted energy prices and the company will be exploring ways to expand the program to more users, it said in a statement. "We know that upfront costs of installing solar and batteries can be a significant barrier for many, and we are focused on how we can make these more accessible," AGL Chief Customer Officer Jo Egan said. The solar and battery assets under the program will be coordinated to work together, and also used to help stabilise the electricity grid where required, the company said. The company did not disclose the value of the deal, while electric vehicle maker Tesla did not immediately respond to a Reuters request for comments on the deal value.
Yahoo
28-06-2025
- Business
- Yahoo
Shoals Technologies (SHLS) to capitalize on Strong Demand for Solar Solutions
Shoals Technologies Group, Inc. (NASDAQ:SHLS) is . On June 24, the company highlighted strong demand for solar solutions at the J.P. Morgan 2025 Energy, Power, and Renewables & Mining Conference. A technician adjusting a complex solar inverter system in a commercial setting. Despite facing regulatory challenges and supply chain constraints, Shoals Technologies remains optimistic about future growth driven by strong demand for solar projects. Consequently, the company seeks to capitalize on opportunities in the data center and battery energy storage systems. Therefore, it has embarked on strategic capital allocation focusing on organic growth and potential acquisitions. The company is targeting growth in data centers and community commercial industrial projects. It has established a Master Supply Agreement with Blattner and UGT, providing predictability in project wins and better supply chain management. It's also exploring international markets with a presence in Australia, Saudi Arabia, and Spain. Shoals Technologies Group, Inc. (NASDAQ:SHLS) provides EBOS solutions for global solar and battery storage projects, offering wiring systems, BESS, monitoring tools, OEM components, and technical support to EPCs, utilities, developers, and other energy sector clients. While we acknowledge the potential of SHLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
25-06-2025
- Business
- Yahoo
Blue Whale Energy partners UNIGRID to deploy urban C&I Battery storage across Southeast Asia
SAN DIEGO, June 25, 2025 /PRNewswire/ -- Blue Whale Energy, a Southeast Asia based virtual power plant energy developer, and UNIGRID, Inc., an advanced sodium-ion battery innovator, announced a partnership to deploy behind-the-meter commercial and industrial (C&I) battery energy storage system (BESS) solutions tailored for dense urban environments. As solar installation rates soar globally, driven by falling costs, and progressive regulatory support, the electric grid is increasingly strained by the intermittent nature of solar energy and its mismatch with peak electricity demand. To bridge this gap, pairing solar with battery storage is essential. However, in dense urban environments, where the need for such solutions is highest, deploying BESS has long been constrained by space limitations. Urban areas lack open spaces for large containerized battery systems, and require setback distances that typically exceed commercially available footprint and industrial building boundaries. Blue Whale Energy is addressing this with a novel strategy: installing compact, modular battery packs directly beneath solar panels. This close-proximity co-location is unfeasible with traditional lithium-ion batteries, which pose serious fire risks and require complex and costly engineering, procurement, and construction (EPC) infrastructure, including thermal management, specialized enclosures, and comprehensive fire safety mitigation. UNIGRID's technology is inherently safer and operates over a wide temperature range without the need for active thermal management, offering the right solution to overcome this problem. "This technology is a game changer for us," said Gabriel Lim, Founder and CEO of Blue Whale Energy. "With UNIGRID's sodium-ion platform, we can deploy energy storage directly where energy is needed - on commercial and industrial rooftops throughout urban cities where space constraints previously made installations unfeasible. This allows us to turn every roof into a dispatchable grid asset." "We're proud to support Blue Whale in building Southeast Asia's virtual power plant network, powered by distributed renewable energy and safe storage," said Darren H. S. Tan, CEO of UNIGRID Battery. "Such an approach allows us to open up new and untapped market opportunities in the BESS world." Blue Whale Energy plans to deploy an initial 8 MWh of sodium-ion solar-plus-storage systems by the end of 2025. From 2026 onward, the partnership will expand across Southeast Asia, accelerating the region's energy transition with flexible, fire-safe, and space-efficient solutions. View original content: SOURCE UNIGRID Battery / Blue Whale Energy Error 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
Yahoo
17-06-2025
- Business
- Yahoo
GenusPlus wins $45m contract for 100MW Merredin BESS in Australia
GenusPlus Group has been awarded an A$65m ($45.13m) contract by Atmos Renewables for the design and construction of the Merredin battery energy storage system (BESS) in Western Australia, along with substation works. The 100MW four-hour capacity Merredin BESS project will enhance grid stability and contribute to energy security within the region's electricity market. The project is a joint development by Atmos Renewables and Nomad Energy and secured development approval in April 2024. The commencement of work on the project is contingent upon Atmos Renewables issuing a notice to proceed following financial closure, anticipated in June/July 2025. Genus will manage the detailed design, procurement, installation and civil works for the project over 18 months following the receipt of notice to proceed. The company will engage 70 personnel to complete the project, utilising substantial local content from Western Australia. Genus managing director David Riches stated: 'Genus is pleased to be increasing its presence in the renewable market through its involvement in this flagship project, which is aimed at providing significant benefits to Western Australians. 'The award of this contract highlights the strength of our customer relationships and our reputation for reliable delivery, and the company looks forward to building on its relationship with Atmos Renewables.' The Merredin BESS project is located 7.5km southwest of the town of Merredin, around 230km east of Perth in Western Australia's wheatbelt area. It is close to both the Great Eastern Highway and Bruce Rock Merredin Road, adjacent to the existing Merredin solar farm. The project will connect to Western Power's transmission substation at the nearby Merredin terminal station upon completion in early 2027. In January 2025, Genus won an A$270m ($167m) contract from Western Power for the Clean Energy Link, North Region project in Western Australia. "GenusPlus wins $45m contract for 100MW Merredin BESS in Australia" was originally created and published by Power Technology, 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. Error 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
Yahoo
15-06-2025
- Business
- Yahoo
Scatec reaches financial close for the 1.1GW solar + 100MW/200MWh BESS Obelisk project
Oslo/Cairo, 15 June 2025: Scatec ASA has reached financial close for the 'Obelisk' hybrid solar and battery storage project in Egypt. The non-recourse project financing comprises USD 479.1 million provided by the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII). The financing amount corresponds to approximately 80% of total estimated capex of USD 590 million. '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,' says Scatec CEO Terje Pilskog. The project will be constructed in two phases. The first phase of 561 MW solar + 100 MW/200 MWh battery storage is targeted to reach commercial operational date (COD) in the first half of 2026. The second phase of 564 MW solar in the second half of 2026. The energy will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC), backed by a sovereign guarantee. Scatec has previously signed equity bridge loans (EBL) of USD 120 million for the project, postponing the project equity injections to the end of the construction period. The company is also in advanced discussions with potential equity partners, expected to conclude in the next few months. Scatec will deliver Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the project. Scatec's EPC scope is approximately 70% of total capex. For further information, please contact:For analysts and investors:Andreas Austrell, SVP 974 38 686 For media:Meera Bhatia, SVP External Affairs & 468 44 959 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 This stock exchange announcement was published by Brage Krogsrud, Investor Relations at Scatec ASA, on 15 June 2025 at 16:03 CESTSign in to access your portfolio
