Danish renewables developer European Energy has obtained EUR 37. 8m) in long-term project financing for a solar-plus-storage project in Latvia, which is co-owned together with Danish pension company Sampension.
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This 20MW/80MWh system addresses the critical challenge of energy intermittency in mountain communities, demonstrating scalable solutions for regions worldwide. The project combines lithium-ion batteries with innovative cryogenic energy storage, achieving 94% round-trip efficiency.
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These units offer scalable storage from 500 kWh to 5 MWh, with ruggedized enclosures. Designed for grid stabilization, renewable integration, and industrial backup power, they integrate lithium-ion batteries, thermal management, inverters, and battery management systems (BMS).
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Japan's largest renewable battery storage project will be co-located with Sonnedix's 30 MW AC/38. It is expected to enhance grid stability and improve dispatch flexibility. Commissioning of the BESS project is slated for late 2026.
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