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Friday, 18 September 2026

22 briefs so farlast update 20:46 UTC

Key points

  • Orlen Buys 16 Extra Crude Cargoes After Saudi Supply Disruption.
  • Von der Leyen Puts Iran Conflict's Cost to EU Fossil Fuel Imports at EUR 90 Billion.
  • Crude Swings on Saudi Pipeline Shutdown and Hormuz Flow Update.
  • Fuel Price Protests Spread Across Four Countries as Costs Bite.
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Grid & Storage

Gore Street shareholders reject Saba wind-up push, back all 15 board resolutions

London-listed battery storage vehicle Gore Street Energy Storage Fund defeated two wind-up resolutions filed by activist Saba Capital Management at its annual general meeting, while carrying every one of the 15 resolutions its board had put forward, Kalkine Media reported.

The headline vote, Resolution 16, would have stopped the fund operating as an investment company. It fell 55.97% to 44.03%.

A companion measure, Resolution 17, tied to the first: had Resolution 16 carried, directors would have been forced to bring forward wind-up, liquidation, reorganisation or unitisation plans inside three months. Backing came in at 44.25% against 55.75% opposed.

The board said it had heard the split verdict, singled out the concerns of its largest shareholder, and would keep talking to investors.

Source: kalkinemedia.com (opens in a new tab)1 sourcePermalink

United StatesGrid & Storage

Islip Town Board Votes 5-0 to Ban Large-Scale Battery Storage

The Islip Town Board voted 5-0 to prohibit new battery storage facilities with capacity above 600 kilowatts per hour, according to ABC7.

The measure blocks a proposed battery energy storage facility in Hauppauge that had drawn years of community debate, ABC7 reported.

Islip spokesperson Caroline Smith told Newsday the prohibition carries no expiration date and will remain in place indefinitely.

Source: newsday.com (opens in a new tab)2 sourcesPermalink

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Grid & Storage

Hitachi Energy to Build $528 Million Transformer Plant in Gallman, Mississippi

Hitachi Energy has announced plans to construct a $528 million transformer manufacturing facility in Gallman, Mississippi, according to a Yahoo Finance report citing the company.

The subsidiary of Hitachi expects the project to create more than 700 jobs, according to Investment Monitor citing the company.

At more than twice the size of Hitachi Energy's current Mississippi plant, the new facility will more than double capacity, according to TED Magazine.

Construction is expected to begin late this year, with transformer production at the Gallman site scheduled to start in 2029, TED Magazine reported.

Source: tedmag.com (opens in a new tab)3 sourcesPermalink

Grid & Storage

Lightshift Expands FlexGen Software Deal to 16-Project Battery Portfolio

Lightshift Energy has widened its software agreement with FlexGen Power Systems to cover a 16-project battery storage portfolio spanning the PJM and ISO-NE markets, according to ESS News.

The expanded deal extends FlexGen's HybridOS energy management system across the fleet, with Lightshift developing, owning and operating the battery facilities while FlexGen supplies the software layer, ESS News reported.

The two companies have previously completed six projects together, totaling more than 25 MW of power capacity and 85 MWh of energy storage, per ESS News. A further ten installations are in the pipeline, adding more than 55 MW and 200 MWh across PJM and ISO-NE.

Source: ess-news.com (opens in a new tab)1 sourcePermalink