Oriana Power Limited has established a wholly owned subsidiary, Evercore Projects Private Limited, to consolidate its presence across power generation, engineering, procurement and construction, and emerging clean fuel technologies including green hydrogen and compressed biogas.
Jordan has signed a memorandum of understanding with the European Bank for Reconstruction and Development to support its goal of sourcing 50 percent of energy from renewables by 2033 through a more integrated approach combining project financing, regulatory reform, and infrastructure development.
Saudi Arabia is moving to procure 12,000 MWh of battery storage capacity in a single tender round, signaling a material shift in how the Kingdom balances renewable expansion with grid stability. The initiative, led by Saudi Power Procurement Company, introduces six large-scale Battery Energy Storage System projects, each rated at 500 MW with four-hour discharge capability, bringing the total to 3,000 MW of capacity.
The Irish regulator is advancing a tariff reform that could materially reshape the economics of battery storage by eliminating dual grid charging structures that industry participants have long identified as a barrier to deployment.
Copenhagen Infrastructure Partners (CIP) is advancing a 300 megawatt battery energy storage system with 1,500 megawatt hours of capacity at its Patache project in Chile.
Europe’s push to localize critical battery materials is accelerating as TSR Group and BASF formalize a collaboration targeting key bottlenecks in electric vehicle battery recycling, from dismantling through to material reintegration.
In New Zealand, Genesis Energy has reached final investment decision on the second stage of its battery energy storage system programme at Huntly Power Station, advancing a 100 MW / 200 MWh expansion that will bring total installed storage capacity at the site to 200 MW / 400 MWh.
RWE has withdrawn its proposed 99.9 MW Butterfly solar plus storage project in Wrexham, Wales, citing limited grid connection availability and broader project viability concerns.
TSR Group and BASF have established a cooperation framework aimed at expanding and integrating battery recycling capacity across Europe, focusing on dismantling, material recovery, and reintegration of recovered metals into industrial supply chains.
In the first quarter of 2026, Tesla regained the global pure electric vehicle leadership position after reporting a 6.5 percent year on year increase in deliveries for the three months ending March, according to industry data cited in the IndexBox report.
