Today’s renewable energy news includes Aream, Orsted, ESS, Perigus Energy, among others.
Aream Launches Fund for European Renewable Hybrid Investments
Aream Group has launched the Clean Energy Future Fund II (CEFF II), targeting investments in hybrid renewable energy projects across Europe. The fund focuses on integrating solar and wind assets with battery storage and active electricity trading, creating a more flexible and resilient energy model. With a target size of around €400 million, the fund reflects strong investment momentum in hybrid infrastructure, particularly in markets such as Germany. A key strategy involves upgrading existing renewable assets with storage to optimise grid connections and enhance revenue streams amid increasing electricity price volatility. The initiative highlights innovation in combining generation, storage, and market participation. It offers customer-focused benefits including improved grid efficiency, reduced curtailment, and more stable energy supply, supporting Europe’s energy transition and long-term sustainability goals.
Orsted Onshore Business Rebranded as Perigus Energy After CIP Deal
Copenhagen Infrastructure Partners has completed its €1.44 billion acquisition of Orsted’s European onshore business, rebranding it as Perigus Energy. The new company launches with 826MW of operational and under-construction capacity, including 578MW already installed and 248MW under development. Perigus Energy will develop, build and operate onshore wind, solar and battery storage projects across Ireland, Germany, the UK and Spain, supported by a multi-gigawatt pipeline. Existing contracts, partnerships and commercial agreements remain unchanged following the transition. Backed by CIP’s CI V fund, the platform reflects strong investment in integrated renewable infrastructure. It highlights innovation in combining generation and storage while strengthening Europe’s energy security and delivering reliable, low-carbon power to around 600,000 homes.
ESS Signs 8.5GWh Sodium-Ion Battery Deal with Alsym
ESS Tech has signed a letter of intent with Alsym Energy to source 8.5GWh of sodium-ion battery cells and modules, expanding its energy storage portfolio beyond iron-flow systems. The partnership marks ESS’s entry into the short- and medium-duration storage market, traditionally dominated by lithium-ion technologies. The deal highlights strong investment in alternative battery chemistries, with sodium-ion technology offering improved safety, lower costs, and elimination of thermal runaway risks associated with lithium-based systems. By combining sodium-ion with its long-duration iron-flow solutions, ESS aims to deliver a full-spectrum, non-lithium storage platform. The initiative underscores innovation in energy storage, enabling flexible, reliable, and customer-focused solutions that enhance grid stability, support renewable integration, and deliver long-term economic and environmental benefits.
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