YEO Technology’s strategic investment in ARC Clean Technology, which develops advanced small modular reactors, brings potential cooperation opportunities for the deployment of the technology in Turkey. The startup with headquarters in Canada and the United States has closed a series B financing round, with a focus on its advanced sodium-cooled fast reactor of 100 MW. Amid […]
Turkey will launch a national carbon trade market, sign intergovernmental agreements on large-scale renewable energy projects and connect 2,000 MW of energy storage to the grid in 2026. These moves will be accompanied by the historic start of electricity production at the country’s first nuclear power plant Akkuyu, and a doubling of domestic natural gas […]
Athens International Airport (AIA) Eleftherios Venizelos completed its comprehensive energy makeover program. It is now operating a photovoltaic facility of 51.5 MW and a battery energy storage system of 82 MWh. It is the largest hybrid power plant of its kind within the premises of any airport in Europe and, reportedly, even the entire world. […]
Polat Holding’s joint venture with İş Enerji has received the license for the 12.8 MW battery energy storage system (BESS) integrated with its Ege wind power plant of 15.2 MW in western Turkey. It is the largest hybrid power plant of its kind in the country. In cooperation with SolarToday Türkiye and iNOVAT, Polat Enerji […]
Power storage services are the core activity of Aktor’s new subsidiary Aktor BESS, but it could also build and operate renewable electricity and natural gas–fired plants and enter trade and distribution. The company earlier formed a business with DEPA Trade for liquefied natural gas (LNG). Greek infrastructure and renewable energy developer and operator Aktor Group […]
After numerous failed attempts for half a century, Romania intends to revive the Tarnița-Lăpuștești pumped storage hydropower project in tandem with France’s EDF. State-owned Hidroelectrica published a proposal to its shareholder assembly to establish a 50%-50% joint venture for the 1 GW endeavor. The utility also intends to buy the Frasin-Pângărați pumped storage facility when […]
Austria-based Enery intends to commission a four-hour battery storage system of 150 MW in central Bulgaria by the end of the first quarter of next year. The project relies on a virtual power purchase agreement (PPA) with Vitol. Enery said it has secured a green financing package from DSK Bank AD for its flagship 600 […]
Engie Romania, a subsidiary of French energy giant Engie, has bought a 253.1 MW wind farm project in Ialomiţa County. The wind farm, currently under construction, will double the company’s renewable energy portfolio in Romania to over 500 MW. The Ialomiţa Nord wind farm project was acquired from the Romanian subsidiary of Portugal-based Greenvolt, owned […]
Nova Power & Gas has commissioned the largest battery energy storage system in Romania, doubling the country’s total capacity. The installation in Florești, Cluj County, has an operating power of 200 MW and a capacity of 400 MWh. Before the new facility was commissioned, Romania’s overall battery energy storage capacity was 398.8 MWh, according to […]
Turning cheap daytime solar electricity into a dispatchable profile results in a total electricity cost of USD 76/MWh, according to the latest analysis by Ember. Ember’s assessment of storage costs is based on recent auctions in Italy, Saudi Arabia and India and on expert interviews. Across global markets outside China and the United States, the […]
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