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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European PPA prices rise 2.3% in July, storage deals tally 3.1 GWh
European PPA prices rose 2.3% in July, with gains in Great Britain and Italy offset by declines in the Nordics, Spain and Portugal. Contracting remained active, with 24 PPAs totaling 1.1 GW and nine battery storage agreements representing 865 MW.
European PPA prices rise 2.3% in July, Spain falls 3.9%
The European PPA price index from Pexapark rose 2.3% in July to €45 ($52.55)/MWh, while Spain recorded a 3.9% decline. Greater energy market volatility and rising renewable penetration are increasing the importance of capture prices, risk management, and flexible contract structures.
Ireland needs 92 GW of LDES to integrate renewable generation, reduce household energy costs
Long duration energy storage capacity combined with better system flexibility and low-cost electrification uptake could reduce Irish home energy costs by 20% by 2035, according to Aurora Energy Research. Adding sufficient LDES would require government offtake floors, however.
Austria’s Ministry of Economy announces energy storage offensive, shifting subsidy focus
A draft to redesign Austria's renewable energy subsidies is expected in the coming weeks, with battery energy storage systems (BESS) set to take center stage. As the government outlines new measures to stimulate storage expansion, the federal association PV&B Austria is hoping for rapid implementation following the rhetoric.
Finland’s NSC EnergyOpti acquires majority stake in Automous
The Finnish energy services company told ESS News the deal brings together the two companies’ capabilities across the energy optimization and trading value chain and forms part of longer-term plans to expand operational focus past Finland.
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All Markets news
European PPA prices rise 2.3% in July, storage deals tally 3.1 GWh
European PPA prices rose 2.3% in July, with gains in Great Britain and Italy offset by declines in the Nordics, Spain and Portugal. Contracting remained active, with 24 PPAs totaling 1.1 GW and nine battery storage agreements representing 865 MW.
Advertisement
European PPA prices rise 2.3% in July, Spain falls 3.9%
The European PPA price index from Pexapark rose 2.3% in July to €45 ($52.55)/MWh, while Spain recorded a 3.9% decline. Greater energy market volatility and rising renewable penetration are increasing the importance of capture prices, risk management, and flexible contract structures.
Ireland needs 92 GW of LDES to integrate renewable generation, reduce household energy costs
Long duration energy storage capacity combined with better system flexibility and low-cost electrification uptake could reduce Irish home energy costs by 20% by 2035, according to Aurora Energy Research. Adding sufficient LDES would require government offtake floors, however.
Austria’s Ministry of Economy announces energy storage offensive, shifting subsidy focus
A draft to redesign Austria's renewable energy subsidies is expected in the coming weeks, with battery energy storage systems (BESS) set to take center stage. As the government outlines new measures to stimulate storage expansion, the federal association PV&B Austria is hoping for rapid implementation following the rhetoric.
Advertisement
Finland’s NSC EnergyOpti acquires majority stake in Automous
The Finnish energy services company told ESS News the deal brings together the two companies’ capabilities across the energy optimization and trading value chain and forms part of longer-term plans to expand operational focus past Finland.
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