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BESS Industry Buzz: Owner vs trader returns, market saturation, more Northvolt M&A, alt technologies’ differing fortunes

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BESS Industry Buzz: Owner vs trader returns, market saturation, more Northvolt M&A, alt technologies’ differing fortunes

ESN readers may be aware how busy Romania has become as a grid-scale storage market. We covered four projects progressing in a roundup this week. 

Daniel Pintilie, founder and lead advisor for Solarcap Investments which acts as a BESS M&A broker in Romania, wrote this week about how quickly capacity is coming online and what this means for those investing in projects. 

The Australian market has matured and simply developing and selling projects is no longer a viable business, writes Sheng Fang, global strategy at EV infrastructure firm StarCharge. 

“The venture-capital-style returns that once came from securing land, approval and a connection offer have evaporated,” he said. 

Ever wondered why two BESS with almost the same data sheet can have completely different return on investmetn (ROI) timelines? Angie Z, director of strategic partnerships for supplier Gooree dived into this in a much-commented post. 

Energy Vault’s first large-scale commercial project using its gravity-based energy storage technology has been online for a few years, but it still hasn’t been proven. Michael Barnard, chief strategist at consultancy TFIE Strategy, discussed why. 

Thermal energy storage has arrived, with 51 large-scale projects operating worldwide, writes academic and BESS industry figurehead Jan Rosenow. 

So this one is actually based on a Bloomberg article, but one of the companies involved commented on the reporter’s post, confirming the story. Critical materials firm Refinyx and investor Qarlbo Energy have together acquired the recycling assets of failed lithium-ion battery OEM Northvolt. Most of the rest of Northvolt has already been acquired by US startup Lyten .


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