Ola Electric has signed a memorandum of understanding with renewable energy developer Axis Energy to evaluate the deployment of up to 20 GWh of battery energy storage systems (BESS) by 2032, aligning with the country’s growing need for flexible grid infrastructure.
Dutch startup Ore Energy has secured what it describes as continental Europe’s largest iron air battery agreement, alongside a $43 million Series A funding round that will support commercialization of its long duration energy storage technology.
The European Commission has approved a €59 million Slovenian state aid scheme to support the deployment of 370 MWh of new battery energy storage systems (BESS), reinforcing the European Union’s broader strategy to strengthen electricity networks while accelerating decarbonization.
Jinko ESS and Dutch energy storage developer Eturn have expanded their collaboration with the deployment of a 40 MWh utility scale battery energy storage project in Germany. The project reflects a broader trend in the European storage market, where developers are moving beyond pilot installations toward larger commercial assets designed to participate in wholesale electricity markets and provide grid services.
