Fluence CEO Julian Nebreda and CFO Ahmed Pasha leave; Axel Meier steps in as interim CEO
The departures follow a Q3 revenue shortfall of about $90 million and a guidance cut of around $600 million tied to problems at the company's Houston plant.
Storage
Gresham House Energy Storage Fund launches a formal sale process; shares jump 10%
The board of the London-listed battery owner, ticker GRID, asked its advisers to invite offers for all 569 million shares, a market value of nearly 600 million pounds.
EIA: 16% of new US utility solar is paired with batteries, up from 2% in 2017
Plans point to 19% for 2026 as a whole and more than 30% for 2027 and 2028; in California, Arizona, New Mexico and Nevada the co-located share is over twice the national average.
SMA launches a DC-coupled grid-forming solar-plus-storage system
The inverter maker extends grid-forming control across a combined PV and battery plant, stores clipped solar energy, and starts in Germany, Australia and the UK.
Portugal makes grid-forming mandatory for batteries above 45 MW
A decree requires grid-forming mode and synthetic inertia; the tender awards 1,050 MVA with curtailment of up to 500 or 750 hours a year and a four-hour minimum duration.
Greenvolt sells 1.6 GWh of Polish batteries to A&R as PGE starts an 800 MWh build
Both Greenvolt sites hold 17-year capacity contracts from 2028 and a 10-year toll with Statkraft; PGE's Gryfino project uses Fluence Smartstack and should be online in 2028.
Giga Storage closes €260 million debt for 1,400 MWh Albatross BESS in Germany
Seven banks fund the 350 MW project near Neuenkirchen, Lower Saxony, which connects at Amprion's 380 kV Merzen substation; CATL handles engineering, construction and maintenance.
Tesla deployed 13.7 GWh of storage in Q3 but energy revenue fell 16% year on year
It was Tesla's second-highest quarterly storage deployment, yet divisional revenue dropped; Musk says Megapack is almost sold out for 2027.
Flatiron Energy closes $850m for a 1,200 MWh battery project near Boston
The Energizar BESS in Chelsea, Massachusetts is due online in Q4 2027 and would be the largest on the US east coast; the financing spans construction, term and bridge loans, preferred equity and a tax-credit transfer.
Metlen and Karatzis open Greece's largest standalone battery, 330 MW / 790 MWh in Thessaly
The joint venture's Larissa plant was inaugurated on 14 October with the prime minister present; it was built with a loan from the EU recovery facility, and Athens says another €200m is going to similar projects.