Saudi Power Procurement Company Reveals Bidders for 2GW/8GWh Battery Storage Tender
The Saudi Power Procurement Company has announced the pre-qualified bidders for its first 2GW/8GWh battery storage tender, with notable participants including Masdar, ACWA Power, EDF, and TotalEnergies. Meanwhile, Powin filed for bankruptcy protection, leading to its asset acquisition by FlexGen, and Cornwall Insight warned that the cancellation of a major pumped hydro project in Queensland could significantly increase power costs.
Theia Market Signal Identification - AI Assisted
The Saudi Power Procurement Company (SPPC) announced a list of pre-qualified bidders for its inaugural 2GW/8GWh battery storage procurement. Notable bidders include Masdar, ACWA Power, EDF, and TotalEnergies.
In other developments, a fire at Statera's battery energy storage system in Essex was controlled by firefighters with no public risk. Powin filed for bankruptcy protection amid financial difficulties, leading to the acquisition of its assets by FlexGen.
The Moss Landing Energy Storage Facility experienced a fire incident beginning on January 16. Cornwall Insight predicted that the cancellation of a 120GWh pumped hydro energy storage project in Queensland would significantly raise power costs.
BNEF reported a 40% decrease in energy storage system prices from 2023 to 2024. Ontario initiated a CA$285 million pumped hydro project, while New South Wales proposed battery regulation legislation. Tesla's Shane Bannister highlighted the shift towards grid-forming battery systems at the Australian Clean Energy Summit 2025.
Comments