Today’s renewable energy news includes announcements from Elevenes, ESS, Drax, and others.
Elevenes Secures Funding to Advance 1 GWh LFP Battery Plant in Serbia
Elevenes has secured funding to advance development of its planned 1 GWh lithium iron phosphate (LFP) battery manufacturing plant in Serbia, marking a key milestone for the country’s emerging energy storage industry. The investment will support project development activities, site preparation, and initial construction phases. The LFP battery facility is expected to supply advanced battery cells for electric vehicles (EVs) and energy storage systems, strengthening Europe’s local battery supply chain. LFP technology is gaining traction for its safety, durability, and cost efficiency compared to other lithium-ion chemistries. The funding underscores growing investor confidence in Serbia’s clean technology sector and positions Elevenes as a contributor to Europe’s battery manufacturing expansion and energy transition goals.
ESS Acquires Iron Salt Battery IP from VoltStorage
ESS Tech has acquired the intellectual property assets of iron salt battery developer VoltStorage, strengthening its position in the long-duration energy storage (LDES) market. The deal expands ESS’s technology portfolio and supports further development of non-lithium, iron-based battery solutions designed for grid-scale applications. Iron salt battery technology offers advantages such as abundant raw materials, enhanced safety, and long operational lifespans, making it well-suited for renewable energy integration and multi-hour storage needs. By securing VoltStorage’s IP assets, ESS aims to accelerate innovation and commercialization of cost-effective, sustainable storage systems. The acquisition reflects growing momentum in alternative battery chemistries as utilities and developers seek scalable, long-duration storage solutions to support global decarbonization and grid reliability goals.
Drax Signs Tolling Agreement for 200 MW UK Battery Project Developed by Zenobē
Drax has sealed a tolling agreement for a 200 MW battery energy storage system (BESS) in the UK, developed by Zenobē, strengthening its role in flexible power generation. Under the deal, Drax will optimize and dispatch the battery’s capacity into wholesale and balancing markets, enhancing grid stability. The 200 MW BESS will provide critical services such as frequency response and peak demand support, helping integrate higher levels of wind and solar power into the UK grid. The tolling structure enables revenue certainty for the asset owner while leveraging Drax’s trading and market expertise. The agreement highlights growing collaboration between battery developers and energy traders as the UK accelerates investment in large-scale energy storage infrastructure.
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