Browsing: REGIONAL

Intersect Power has secured $837 million to develop 1 GWh of battery energy storage systems (BESS) in Texas—an award-winning transaction that signals how utility-scale storage is evolving to serve not only grid stability but also the growing energy demands of artificial intelligence infrastructure.

BP has exited its joint development of the 250MW H2-Fifty project in the Port of Rotterdam—a decision that signals both strategic recalibration and the financial headwinds confronting early-stage electrolytic hydrogen ventures. HyCC, BP’s former partner, will instead pursue a similarly sized standalone project, H2Next, shifting timelines and partnerships but retaining ambition in Europe’s largest port.