Latest news with #BESS
Glasgow Times
2 hours ago
- Politics
- Glasgow Times
Objections expected for Kilpatrick Hills wind farm plans
If successful, the development would be made up of 10 turbines of approximately seven megawatts (MW) each alongside the BESS at the proposed Vale of Leven Windfarm. The plans, created by Vale of Leven Wind Farm Limited, were previously considered by the council's planning committee last August where members agreed to issue a consultation response to the Scottish Government. Scottish Ministers have received an application under section 36 of the Electricity Act 1989 for the construction and operation of a wind farm and BESS, as the Scottish Government Energy Consents Unit processes applications like this. In previously considering the proposal, West Dunbartonshire Council highlighted that wind farms have the potential to impact on a wide range of features. Officials now consider that the development would have a significant and adverse impact on the local landscape as well as the visual amenity of the Loch Lomond and the Trossachs National Park, the Loch Lomond National Scenic Area, and the Kilpatrick Hills Local Landscape Area. Despite West Dunbartonshire Council believing that the potential development would not have a significant detrimental effect on the surrounding area, it does maintain there could be a negative impact on the nearby scheduled monument of Dumbarton Castle/Rock which it has deemed unacceptable. There are also concerns that the proposal has the potential to impact biodiversity matters including the designated sites, habitat, peatland, ecology and protected species, with a variety of habitats impacted including blanket bog and wet modified bog. The committee's findings have now been finalised in a report and will be presented to members of the planning committee next week. If agreed, the updated response to the consultation, where the council maintains its objection, will be submitted to Scottish Ministers.
Globe and Mail
21 hours ago
- Business
- Globe and Mail
Fluence and AGL sign deal to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System in Australia
MELBOURNE, Australia, July 31, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, today announced that Fluence has been selected by AGL to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System (BESS) in Newcastle, New South Wales, Australia. The deal is Fluence's largest project transaction globally, one of the largest energy storage transactions by MWh in the Australian National Energy Market (NEM) to date, and marks 5 GWh of projects by Fluence in Australia. The Tomago BESS will be the third grid-scale battery storage system Fluence will deliver for AGL, having completed the 50 MWh Broken Hill BESS and currently constructing the 1000 MWh Liddell BESS. The Tomago BESS project will use Fluence's Gridstack Pro ™, a utility-scale energy storage product with optimized design and flexibility and will provide grid-forming capability to improve grid reliability. AGL has contracted Fluence to construct the project and provide ongoing service and maintenance. 'We are honored to be selected by AGL and partner with them on the Tomago BESS project. This project strongly demonstrates our ongoing commitment to support AGL in their ambitious plan to deploy large-scale battery storage systems for a renewable energy future across Australia. Australia remains one of the most important storage markets globally, experiencing significant growth as the country accelerates its transition to renewable energy sources,' said Jan Teichmann, SVP & President, APAC. 'Our team takes great pride in continuing our partnership with AGL to meet the challenges of Australia's energy transition. The Tomago BESS is a testament to the strength of Fluence's full scope project deployment expertise in Australia and the products we offer to this market,' said Jason Beer, General Manager, Fluence Australia. 'We are pleased to continue our partnership with Fluence as the battery energy storage provider for the Tomago Battery. This project builds on the work we have done together for AGL's Broken Hill and Liddell batteries,' said AGL Chief Operating Officer, Markus Brokhof. Fluence has a strong track record in Australia, with four storage systems currently in operation, another two expected to enter into operation in the next few months, and several BESS projects currently under construction. About Fluence Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Cautionary Statement Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of the Tomago BESS project, including output and capacity, expected impact of this project on the Australian power grid, timeline of the Tomago BESS project, and other beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the project, changes to the regulatory environment in Australia, general economic conditions, the potential for political, social, or economic unrest, terrorism, hostilities or war, unforeseen circumstances outside of Fluence's control which may cause the energy storage systems to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission ("SEC") on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.
Yahoo
21 hours ago
- Business
- Yahoo
Fluence and AGL sign deal to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System in Australia
The deal is Fluence's largest ever project transaction globally and one of the largest energy storage transactions by MWh in the Australian National Energy Market (NEM) to date, marking 5 GWh of projects by Fluence in Australia Fluence and AGL sign deal to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System in Australia MELBOURNE, Australia, July 31, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, today announced that Fluence has been selected by AGL to deliver the 500 MW / 2000 MWh Tomago Battery Energy Storage System (BESS) in Newcastle, New South Wales, Australia. The deal is Fluence's largest project transaction globally, one of the largest energy storage transactions by MWh in the Australian National Energy Market (NEM) to date, and marks 5 GWh of projects by Fluence in Australia. The Tomago BESS will be the third grid-scale battery storage system Fluence will deliver for AGL, having completed the 50 MWh Broken Hill BESS and currently constructing the 1000 MWh Liddell BESS. The Tomago BESS project will use Fluence's Gridstack Pro™, a utility-scale energy storage product with optimized design and flexibility and will provide grid-forming capability to improve grid reliability. AGL has contracted Fluence to construct the project and provide ongoing service and maintenance. 'We are honored to be selected by AGL and partner with them on the Tomago BESS project. This project strongly demonstrates our ongoing commitment to support AGL in their ambitious plan to deploy large-scale battery storage systems for a renewable energy future across Australia. Australia remains one of the most important storage markets globally, experiencing significant growth as the country accelerates its transition to renewable energy sources,' said Jan Teichmann, SVP & President, APAC. 'Our team takes great pride in continuing our partnership with AGL to meet the challenges of Australia's energy transition. The Tomago BESS is a testament to the strength of Fluence's full scope project deployment expertise in Australia and the products we offer to this market,' said Jason Beer, General Manager, Fluence Australia. 'We are pleased to continue our partnership with Fluence as the battery energy storage provider for the Tomago Battery. This project builds on the work we have done together for AGL's Broken Hill and Liddell batteries,' said AGL Chief Operating Officer, Markus Brokhof. Fluence has a strong track record in Australia, with four storage systems currently in operation, another two expected to enter into operation in the next few months, and several BESS projects currently under construction. About Fluence Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Cautionary Statement Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of the Tomago BESS project, including output and capacity, expected impact of this project on the Australian power grid, timeline of the Tomago BESS project, and other beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the project, changes to the regulatory environment in Australia, general economic conditions, the potential for political, social, or economic unrest, terrorism, hostilities or war, unforeseen circumstances outside of Fluence's control which may cause the energy storage systems to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission ("SEC") on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. Media Contact Chaanah Crichton, Head of Marketing, APAC Email: Phone: +61426584943 Analyst Contact Lexington May, Vice President of Investor Relations and Sustainability Email: investorrelations@ Phone: +1 (713) 909-5629 A photo accompanying this announcement is available at
BBC News
a day ago
- Business
- BBC News
Plans submitted for Rother battery storage facility on farmland
A renewable energy company has put forward plans to build a battery storage facility in Catsfield, East an application to Rother District Council, Elgin Energy EsCo Ltd asked for planning permission to erect a facility containing a Battery Energy Storage System (BESS) on land to the south of the would take energy from National Grid at times of excess power generation, store it and then feed it back into the system at times of high need, reducing reliance on natural plans include the creation of wetland, native hedgerow and tree planting, rural tree planting, reports the Local Democracy Reporting Service. A statement submitted with the application said: "National policy and guidance are strongly supportive of renewable energy as a means of meeting our increasing energy demands, tackling climate change, and transitioning to a prosperous and low-carbon sustainable economy."BESS facilities are recognised as being not just necessary, but central to meeting an urgent need in a declared climate emergency."Energy storage plays a crucial part in the drive to net-zero and provides the capability to store renewable energy for release instantaneously at times of demand, helping to stabilise energy security. It also guards against the prospect of renewable energy being 'lost' to the grid through network constraints at the time of generation." The application proposes to build the facility on land currently part of the Catsfield Christmas Tree Farm, although that business would be able to application also notes how the facility is in close proximity to the National Grid's Ninfield substation and would be well-screened by would be expected to have a total power output of up to 99.9 megawatts (MW), although battery technology still evolving the developer is unable to yet say precisely how many battery units would be on the site and what exact form they would units would be similar to shipping containers and include monitoring equipment, sprinklers and built-in explosion protection features.
Economic Times
2 days ago
- Business
- Economic Times
ACME Solar shares rally 7% in 3 days after Q1 profit soars 9,319%
ACME Solar shares have surged nearly 7% over the past three trading sessions after the renewable energy firm posted a 9,319% year-on-year jump in consolidated net profit for the June quarter, buoyed by strong project additions, robust margin expansion and fresh battery storage wins. ADVERTISEMENT Shares of the company climbed almost 1% on Wednesday, July 30, to hit an intraday high of Rs 288.95 on the BSE, extending their post-results rally to 6.9% since the results were announced after market hours on Friday, July 25. However, the stock pared gains later in the session to trade at Rs 280.35, down 2.2% on the day. ACME Solar reported a consolidated profit after tax of Rs 131 crore for Q1 FY26, compared to just Rs 1.4 crore in the year-ago period, marking a staggering 9,319% surge. The company's revenue grew 71.8% year-on-year, driven by capacity additions and a rise in the capacity utilisation factor (CUF), which improved from 27% in Q1 FY25 to 28.5% in the latest quarter. EBITDA came in at Rs 531 crore for the quarter ended June, up 76% from a year earlier, while EBITDA margin expanded to 90.9% from 88.8% in the same period last year. PAT margin stood at 22.4%.The company said it generated 1,636 million units (MUs) of electricity in Q1 FY26, a 107.1% rise from the year-ago period, led by higher CUF and the addition of new capacity. During the quarter, ACME Solar commissioned 350 MW of projects, including its first wind project, 50 MW at Pokhran in Gujarat, taking the total operational portfolio to 2,890 MW, up 115.7% year-on-year. ADVERTISEMENT The company also reported progress on its battery storage ambitions, having won a 550 MWh standalone battery energy storage system (BESS) project contracted with NHPC. It has signed power purchase agreements (PPAs) for 250 MW of firm and dispatchable renewable energy (FDRE), 300 MW of solar capacity and 550 MWh of BESS.'3.1+ GWh of BESS [have been] ordered from leading global energy system suppliers including Zhejiang Narada and Trina Energy,' the company said. It added that commitments have been secured for key long lead items like power conversion systems, transmission lines and wind turbines. ADVERTISEMENT ACME also refinanced Rs 1,072 crore of debt during the June 2025 quarter, reducing the interest cost for a 250 MW operational project in Rajasthan by around 95 basis points. The debt was tied at an 8.5% fixed rate for five years, with Standard Chartered Bank, Bank of America and India Infradebt joining as new lenders. The company's credit profile also saw upgrades. 'Recently commissioned 4x300 MW SECI ISTS solar projects each received rating of CRISIL AA-/Stable,' while the Acme Aklera 250 MW project was upgraded to ICRA A+/Stable, the company said. ADVERTISEMENT ACME's net debt to EBITDA stood at 4.2x as of Q1 FY26, comfortably within its targeted range of company expects the current operational portfolio to yield an annual project EBITDA of Rs 2,000–2,050 crore, resulting in a pre-tax ROCE of 14.5%. Also read | Mazagon Dock to Cochin Shipyard: Defence stocks tumble up to 18% in 1 month. Buy the dip or stay cautious? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
