Energy Digest

Eni Storage Systems has begun construction on a gigafactory in Italy that will produce Lithium Iron Phosphate (LFP) cells for energy storage, while Chinese firm Hithium secured an €80 million grant from Spain's government to build a battery and Energy Storage System (BESS) plant.

New York City building owners can now support clean energy projects through renewable energy credits, set to hit the market in January 2024. However, concerns have been raised that hydropower may hinder the city's goal of decarbonizing its buildings due to potential environmental impacts. This has sparked debate about the role of hydropower in New York's building decarbonization law.

Quaise Energy has raised $134 million to advance its development of a superhot geothermal power plant in central Oregon, bringing its total funding to $230 million for the project. The company aims to build its first 50-megawatt superhot geothermal plant in the area. This financing round is part of Quaise's Series B funding round.

Chinese system integrators capture 76% of global BESS market in 2025.

Developers of Battery Energy Storage Systems (BESS) in Southeast Asia face daily operational realities with significant climate risk, requiring the use of available tools and awareness of frontline climate hazards. Climate risks pose a substantial challenge for BESS developers in the region.

Anker's SOLIX F3800 power station is available at $1,615, discounted from its original price. Additionally, an ECOVACS pool cleaner is priced at $299, a Greenworks pressure washer is discounted to $200, and a Worx cordless hedge trimmer is offered at its second-lowest price of the last 12 months. Several e-bike deals are also available, with some ending soon.