The latest renewable energy news includes announcements from EVE Energy, Fluence, Energy Vault, Econergy, Goshe Energy Storage, and others.
EVE Energy and Fluence Sign 206 GWh Battery Supply Framework Through 2031
EVE Energy and Fluence have signed a framework agreement covering up to 206 GWh of battery deliveries between 2027 and 2031, one of the largest long-term supply arrangements announced in the energy-storage industry. EVE subsidiary Hubei EVE Power will supply a committed 16 GWh in 2027, while another 190 GWh of manufacturing capacity is reserved for Fluence between 2028 and 2031. Individual purchase orders will determine final products, quantities, pricing and delivery schedules. The agreement gives Fluence substantial long-term cell-supply visibility as global grid-scale BESS deployment accelerates, while providing EVE with a major multi-year customer for its expanding storage-battery manufacturing capacity.
Energy Vault Acquires 2.3 GW US Battery Portfolio with 350 MW Ready to Build
Energy Vault has acquired more than 2.3 GW of US battery-storage projects from Goshe Energy Storage, adding 15 developments to its Asset Vault build-own-operate platform. Two projects totalling 350 MW — 150 MW and 200 MW — are ready to build and are targeted for commercial operation in Q1 2028. Energy Vault expects the pair to generate approximately $30 million in combined annual run-rate EBITDA once operational. Goshe’s development team will join Energy Vault, while S2G Investments has committed a credit facility of up to $40 million to support development, construction and operation. The acquisition materially expands Energy Vault’s owned US storage pipeline.
Econergy Secures €160 Million from Phoenix Financial for Romanian Solar-Plus-Storage Expansion
Econergy Renewable Energy has secured €160 million ($182.6 million) in equity from Israeli financial group Phoenix Financial to accelerate its battery-storage co-location programme in Romania. Econergy plans to install BESS alongside solar-generation assets, allowing renewable electricity to be stored when photovoltaic output is high and dispatched when grid demand and electricity prices are stronger. The equity commitment provides significant capital for converting standalone renewable assets into hybrid solar-plus-storage facilities. Romania is rapidly emerging as a Central and Eastern European battery market as increasing solar and wind penetration creates demand for flexible capacity.