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Brazil’s LRCAP battery auction demand estimated at nearly 3 GW
Following the contracting of 19 GW in the first LRCAP auction held this Friday (March 20), an additional 501 MW from existing thermal power plants was secured. In total, consultancy Thymos Energia had identified a need for 23 GW across the auctions, leaving an estimated remaining demand of around 3 GW for the battery auction.
Mar 23, 2026
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Greece: 12 GW+ of merchant batteries wait for the green light as curtailments escalate
Investors have submitted applications for 12.15 GW of utility-scale, standalone merchant battery storage projects in Greece, far exceeding the 4.7 GW the country plans to approve. But with wrestling over financing and key policy details still unresolved, the path to construction remains unclear.
Ukraine prioritizes solar-plus-storage in renewables auctions
Newly-implemented rules governing Ukraine’s energy market introduce solar-plus-storage systems as a separate auction category, ease regulatory barriers governing standalone storage projects and establish processes for renewable energy facilities located in Ukraine’s occupied territories.
“MACSE price levels were driven by bearish battery cost expectations. The market reality today is very different.”
“You can’t work miracles, so the problem remains — there will certainly be an impact for everyone,” Gabriele Buccini, head of Utility Storage at Trina Solar, told pv magazine Italia, referring to market volatility and the risks facing BESS manufacturers, which are now operating in a very different market environment than just six months ago.
Batteries awarded 1.22 GW in UK capacity market auction for 2029 delivery
Provisional results show more than 100 battery energy storage systems (BESS) awarded capacity market contracts in latest T-4 auction for Great Britain’s energy grid, with the vast majority of BESS contracts awarded to new-build capacity.
Brazil’s reserve battery capacity auction guidelines near finalization, 20 GW of projects already in line
ANEEL has approved March auctions for thermal and hydroelectric plants, with over 125 GW registered. Guidelines for the April LRCAP battery auction are still pending, but more than 20 GW of projects are already in development.
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Terna allocates 43 GW in Italian capacity market auction for 2027
On Feb. 26 Terna announced the results of its capacity market auction, allocating 43 GW for the delivery year 2027, for more than €1.847 billion. Industry insiders expects that battery storage projects have accounted for around 900 MW.
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A fork in the road for energy storage
Faster-than-expected price falls and global oversupply of batteries will go up against a rising tide of global protectionism this year. So how will it all shape up for the energy storage industry? Storage industry thought leader and UN adviser Marek Kubik considers the key issues.
Feb 10, 2025
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