Global Infrastructure Partners (GIP), a BlackRock subsidiary, intends to acquire a majority stake in community and commercial solar company Summit Ridge Energy. The partnership is expected to improve capital access and help the developer lead consolidation across a fragmented solar sector.
He added that the target's "market-leading platform and strong track record" place it at the industry's forefront as power demand climbs and the generation mix shifts.
He noted that evolving market conditions place greater weight on ready capital and fully domestic supply chains.
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Alpiq, CATL-backed CNTE and Terralayr have each activated battery storage projects in Germany that together bring around 260MW of operational capacity, including the country’s former largest system at Bollingstedt. The developments arrive weeks before the Energy Storage Summit Germany 2026 opens in Berlin.
LG Energy Solution has begun production of LFP and NMC battery cells at its Lansing, Michigan factory, announced on 18 August. The plant is expected to reach more than 35 GWh annual capacity to supply both BESS and EV customers including Toyota.
Encavis has acquired its first utility-scale standalone BESS in Italy, OX2 has purchased two projects from Hanwha in the Italian market, and Sunotec has commissioned a 379MWh installation in Bulgaria as part of its debut collaboration with GEN-Is.
