Markets
Markets ESS News
Markets ESS News

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.

Advertisement

Latest News

View article
CATL batteries
CEA: Trade barriers set to see U.S. BESS prices increase 35% in 2025 2025 is likely to see battery prices surge in the United States on the back of increases in tariffs and duties imposed on battery energy storage systems and their components from China. While lithium iron phosphate (LFP) capacity is being established outside of China, few options exist today to dodge costs of increasing tariffs.
Jonathan Gifford
5 minutes ago
View article
Greece launches C&I battery storage subsidy program With a budget of EUR 153.7 million ($157.7 million), the Storage Systems in Businesses program of the Ministry of Environment and Energy opened on Monday for submission of applications.
Marija Maisch
5 hours ago
View article
Saudi Electricity Company awards 12.5 GWh battery storage contracts to China’s BYD The contracts cover five separate 500 MW/2,500 MWh storage projects across Saudi Arabia, with sites in Riyadh, Qaisumah, Dawadmi, Al Jouf, and Rabigh.
Vincent Shaw
24 hours ago
View article
Pumped storage hydropower plant
Philippines ups pumped hydro procurement target to 4,250 MW The expanded procurement exercise is held under the the third round of the country's Green Energy Auction (GEA-3).
Marija Maisch
Jan 13, 2025
View article
Where will lithium-ion battery prices go in 2025? After tumbling to record low in 2024 on the back of lower metal costs and increased scale, lithium-ion battery prices are expected to enter a period of stabilization.
Marija Maisch
Jan 13, 2025
View article
China proposes to cut exports of battery cathode and lithium processing technologies China is proposing an export ban on critical battery cathode and lithium processing technologies which could further solidify its upstream dominance.
Marija Maisch
Jan 09, 2025
View article
Chile has 15 GW of energy storage under environmental permitting The Chilean Association of Renewable Energy and Storage (Acera) says 3 GW of energy storage projects have gotten off the ground and another 15 GW are at the environmental permitting stage.
Luis Ini
Jan 09, 2025

All Markets news

View article
Saudi Arabia announces prequalified bidders for 2 GW / 8 GWh battery storage tender The Saudi Power Procurement Company has announced its list of 33 prequalified biders for its massive 2 GW/ 8 GWh BESS tender.
Tristan Rayner
Jan 02, 2025
View article
Annual lithium-ion demand surpasses 1 TWh for the first time The big milestone comes on the back of a record month for electric vehicle (EV) sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter's impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Marija Maisch
Dec 20, 2024
View article
Australian utility-scale battery deployment surges past solar, wind – falls short of requirements Big BESS is booming Down Under, with almost 5 GW of projects under construction in 2024, according Rystad Energy. While encouraging, the analyst reports that the volume remains insufficient to overcome growing rates of renewable curtailment. “We have around 3 GW operational at the moment, but about half of that is still in commissioning. So you still only have 1.5 GW on the market where the average load is 23 GW,” Rystad Energy’s David Dixon tells ESS News.
Jonathan Gifford
Dec 20, 2024
View article
Cypriot utility aims to add 400 MWh of battery storage  Cyprus state-owned utility, the Electricity Authority of Cyprus, is looking to add 400 MWh of battery storage capacity, however local energy market stakeholders have different plans. Unless there is a solution to this deadlock, the island country will continue curtailing massive amounts of solar electricity.
Ilias Tsagas
Dec 20, 2024
View article
Germany’s Manz announces insolvency application The production equipment manufacturer cited “market distortions in the European battery cell market” as the main reason.
Jochen Siemer
Dec 20, 2024
View article
drax pumped hydro
UK regulator unveils first details of LDES cap-and-floor scheme Ofgem sets out proposals for long-duration energy storage support scheme in letter to industry. Increased minimum capacity requirements and secured grid connection agreements floated as regulator acknowledges need to move quickly to meet government deployment targets.
Matthew Lynas
Dec 19, 2024
View article
Spain plans first capacity market auctions for summer 2025 The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has opened consultation about a capacity mechanism to ensure security of electricity grid supply. The resulting capacity market would be expected to be operational in 2026.
Pilar Sanchez Molina
Dec 19, 2024
View article
Kosovo launches 360 MWh battery storage auctions Applications for prequalification for the design and build of utility-scale battery energy storage systems (BESS) and transmission connection infrastructure should be submitted by February 14.
Marija Maisch
Dec 19, 2024
View article
Western Australia capacity pricing benchmark swaps gas for batteries, ups 57% The Western Australian Economic Regulation Authority has determined both the peak and flexible benchmark reserve 2027/28 capacity prices to be AU$360,700 / MW / year, up by 57% on the previous year.
Ev Foley
Dec 19, 2024

This website uses cookies to anonymously count visitor numbers. View our privacy policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close