European battery company Northvolt has filed for Chapter 11 ‘reorganisation’ bankruptcy in the US, which it said will allow it to restructure its debt to continue scaling the business.
A double header of news from Sweden, with BESS developer-operator Ingrid Capacity launching what it claimed is the largest project in the Nordics, and optimiser Flower completing a Series A.
A roundup of news from Europe, with Alfen and Sermatec deploying BESS projects in Sweden and Bulgaria and new firm terralyr raising €77 million for project development and operation, starting in Germany.
Developer and optimiser Ingrid Capacity and investor BW ESS have commissioned a 211MW/211MWh BESS portfolio in Sweden, the largest in the Nordics, they claimed.
Sweden-based BESS developer Ingrid Capacity will trade its BESS projects as they start to come online, CEO Axel Holmberg said, while also discussing the CEE market and fellow Swede Northvolt’s current challenges.
Investor Return has acquired an energy storage development platform in Germany, Swedish optimiser Flower has bought another large-scale BESS project, while Romania’s CIS Group has revealed a flurry of solar and storage projects.
News from the Nordics and the Baltics, with BESS projects launched in Sweden, Denmark and Latvia by Centrica, Nordic Solar and Niam Infrastructure and Evecon.
Sweden-headquartered lithium-ion technology Northvolt has concluded its strategic review, revealing it is divesting or ceasing non-core activities, sharpening its focus to battery cell manufacturing and reducing its workforce.
The North American arm of Sweden’s Eolus Vind has secured financing and advanced the sales process for its 100MW/400MWh Pome standalone BESS facility located in San Diego County, California.
Developer Ingrid Capacity and investor SEB Nordic Energy have partnered to build 13 battery energy storage system (BESS) projects in southern Sweden totalling 196MW of capacity.
