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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.