BNP Paribas and Eclipse Partner for Battery Storage Solutions in Europe
BNP Paribas has partnered with Eclipse to accelerate the deployment of Battery Energy Storage Systems (BESS) in Europe. This partnership includes a strategic equity investment by BNP Paribas in Eclipse, a UK-based company founded in 2022 that specializes in utility-scale battery storage projects. The collaboration aims to provide tailored financing solutions for BESS projects and enhance energy resilience across Europe.
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BNP Paribas and Eclipse have formed a partnership to enhance Battery Energy Storage Systems (BESS) across Europe. This collaboration includes a strategic equity investment from BNP Paribas in Eclipse, which specializes in utility-scale battery storage.
The partnership aims to improve grid reliability by storing excess renewable power for peak demand periods. The companies will offer tailored financing solutions and hedging instruments for BESS projects, leveraging BNP Paribas' financial capabilities and Eclipse's optimization expertise. This initiative supports the EU's objectives of energy resilience and strategic autonomy.
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