EVE Energy Plans To Invest 6 Billion Yuan To Build 60GWh Energy Storage And Power Battery Project

SK Innovation E&S has completed and begun operations of the largest energy storage system (ESS) facility in New York State. According to industry sources on the 31st, its subsidiary KCE launched the KCE NY 6 battery storage facility located on Electric Avenue in Blasdell, Erie County. The project, with a capacity of 20MW (45.6MWh), is the largest single ESS site constructed in New York at the time of its commissioning and is directly connected to the local power grid.

Melbourne-based RayGen has fully commissioned a 1 MW concentrated solar and long-duration thermal energy storage system in Petrolina, Brazil, in partnership with Axia Energia. The facility utilizes RayGen's 'PV Ultra' technology, which uses mirrors to concentrate sunlight onto modules while capturing heat in a water-based storage system. This design achieves a 70% round-trip efficiency. Axia is testing the technology for potential large-scale deployment to help power 'AI factories.' RayGen already operates a commercial facility in Australia and is currently advancing a 200 MW/1,200 MWh utility-scale project in South Australia.

Strikes on Middle East 'LNG' infrastructure are affecting long-term 'PPAs' and battery energy storage system ('BESS') economics, according to Swiss firm Pexapark. Lead analyst Nicolas Briet noted that supply risks from Qatar have tightened European fundamentals, visibly impacting 'PPA' valuations. A 10-year solar pay-as-produced 'PPA' in the UK saw a 19% fair value increase. Despite improved economics, 'PPA' transactions may remain slow due to buyer caution and rising equipment costs linked to higher energy prices. Conversely, 'BESS' is directly benefiting from increased intraday volatility and wider price spreads. Pexapark also reported 30 new 'PPA' deals in February 2026, the highest monthly volume since February 2024.