The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment. [pdf]
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For this purpose, the amendment of the Energy Law introduces an exemption from the tariff obligation, ensures that no double network charges are imposed on storage facilities, implements a partial exemption from fees for connecting the storage facility to the grid and an exemption from the obligations to present certificates of origin and to pay certain fees with regards to stored electricity. [pdf]
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Let’s cut to the chase – battery storage costs in Italy currently range between €400-€650/kWh for commercial systems. But wait, that’s like quoting pizza prices without specifying toppings! Here’s what really matters: [pdf]
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The innovative tolling agreement signed between Zelestra and BKW enables the delivery of one of Europe’s largest battery energy storage systems (BESS), of up to 2 GWh, in the north of Italy. Construction is due to start in 2027, with full operations anticipated in 2028. [pdf]
Italy’s Ministry of the Environment and Energy Security (Mase) has issued final approvals for five new battery energy storage system (BESS) projects, paving the way for 361 MW of new capacity to be added to the nation’s grid. [pdf]
Piedmont-based C&I solar company Albasolar and Huawei Digital Power signed a collaboration agreement to develop BESS, aiming to integrate industrial energy storage systems into energy optimization projects for the C&I sector by combining them with energy management systems. [pdf]
The European Commission has given its approval for a support initiative aimed at funding extensive energy storage projects in Italy. These projects are intended to have a capacity exceeding 9 gigawatts (GW) and a storage capacity of 71 gigawatt-hours (GWh). [pdf]
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The innovative tolling agreement signed between Zelestra and BKW enables the delivery of one of Europe’s largest battery energy storage systems (BESS), of up to 2 GWh, in the north of Italy. Construction is due to start in 2027, with full operations anticipated in 2028. [pdf]
The output value of energy storage cells is projected to reach approximately 15 billion by 2025, and this rapid growth indicates a compound annual growth rate (CAGR) of around 20% over the coming years. 1, The increasing demand for renewable energy solutions contributes to this trend, 2, as energy storage systems enable better integration of solar and wind power into existing grids. 3, Moreover, advancements in battery technology are driving down costs, leading to broader adoption across various sectors, from electric vehicles to residential energy systems. 4, Finally, government policies aimed at promoting sustainable energy sources are further bolstering investments in energy storage technologies. [pdf]
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Emirates Water and Electricity Co. (EWEC) has started accepting expressions of interest for a 400 MW battery energy storage system (BESS). The chosen developer will enter into a long-term agreement with the Abu Dhabi-based utility as the sole procurer. [pdf]
Thurrock Storage, the UK’s largest battery energy storage system (BESS) developed by Statera Energy is now energised and delivering electricity to the grid. This landmark 300MW battery storage site is capable of powering up to 680,000 homes with instantaneous power over two hours. [pdf]
Managed by Utilitas, Latvia’s largest wind energy producer, this project combines wind energy generation with advanced storage capabilities, setting a new standard for renewable energy infrastructure in the country. [pdf]
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Meridian Energy has officially opened New Zealand's first large-scale grid battery storage system at Ruakākā, the first of its kind, and a milestone in the country's renewable energy infrastructure development. [pdf]
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