Markets
Policymakers are increasingly recognizing the value of energy storage for building a greener, flexible, and reliable energy system. In a growing number of markets, energy policies are being introduced to support both deployment and local manufacturing.
Be it through procurement exercises or other market mechanisms, policymakers have intensified efforts to drive the development and deployment of all energy storage solutions.
However, in most markets, some barriers still exist.
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EWEC seeks proposals for 400 MW battery storage project in Abu Dhabi
The battery energy storage project will provide operating reserves and crucial ancillary services such as frequency response and voltage regulation, further reinforcing the security of supply and supporting Emirates Water and Electricity Co. (EWEC) to increase its solar capacity to 7.5 GW by 2030.
2.7 GW of battery storage projects in GB to be delayed by over a year
Over the first six months of the year, the Great Britain (GB) battery storage market has experienced a significant slowdown in buildout rates, sharply contrasting the record-breaking year of 2023. The second half of 2024 will serve as an indicator of the market's future performance.
Budget push for battery manufacturing, new pumped storage in India
The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Winter weather in Australia highlights bigger role for batteries
The latest quarterly report from the country’s energy market operator shows the role of batteries in supporting demand peaks in the National Electricity Market is on the rise, with average generation in those periods more than doubling since the same time last year.
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All Markets news
EWEC seeks proposals for 400 MW battery storage project in Abu Dhabi
The battery energy storage project will provide operating reserves and crucial ancillary services such as frequency response and voltage regulation, further reinforcing the security of supply and supporting Emirates Water and Electricity Co. (EWEC) to increase its solar capacity to 7.5 GW by 2030.
2.7 GW of battery storage projects in GB to be delayed by over a year
Over the first six months of the year, the Great Britain (GB) battery storage market has experienced a significant slowdown in buildout rates, sharply contrasting the record-breaking year of 2023. The second half of 2024 will serve as an indicator of the market's future performance.
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Budget push for battery manufacturing, new pumped storage in India
The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Winter weather in Australia highlights bigger role for batteries
The latest quarterly report from the country’s energy market operator shows the role of batteries in supporting demand peaks in the National Electricity Market is on the rise, with average generation in those periods more than doubling since the same time last year.
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Western Australia launches 2 GWh storage tender
Western Australia has locked in federal government funding to build a minimum 6.5 TWh of large-scale solar and wind projects and 1.1 GW/4. 4 GWh of new storage to help ensure the electricity grid remains stable as the state continues its renewable energy transition. The first big battery storage tender – seeking 500 MW/2 GWh of storage capacity opened on Monday.
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