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.

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Latest News

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Ormat secures tolling agreements for 1.2 GWh of energy storage in Israel The U.S.-based renewable energy company has secured two separate 15-year fixed-price deals in a tender run by the Israeli Electricity Authority.
Marija Maisch
8 hours ago
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Pumped storage hydropower plant
Philippines’ green energy auction heavily oversubscribed with nearly 7 GW of pumped hydro bids   The country’s Green Energy Auction (GEA-3) attracted a cumulative 7.5 GW of projects, far surpassing the 4.65 GW installation target.
Marija Maisch
Feb 13, 2025
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Minister: Behind-the-meter storage eligible for Spanish grid capacity mechanism There was only one policy announcement of note, in the face of numerous industry demands, at Spain's third Green Hydrogen and Storage Summit, organized by the Spanish Solar Photovoltaic Association (UNEF) in Madrid this week.
Pilar Sanchez Molina
Feb 13, 2025
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Tata Power, ONGC to explore Indian battery storage opportunities Tata Power Renewable Energy Ltd and Oil and Natural Gas Corp (ONGC) have signed an agreement to jointly explore and identify commercial opportunities in the battery energy storage system (BESS) market.
Uma Gupta
Feb 13, 2025
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Cyprus introduces energy storage subsidy scheme Cyprus’ Ministry of Energy, Commerce and Industry has launched a subsidy scheme for energy storage systems that can be added alongside existing renewable energy plants. Eligible renewable power plants should be remunerated either by feed-in tariffs (FiTs) or net billing systems.
Ilias Tsagas
Feb 11, 2025
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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.
Marek Kubik
Feb 10, 2025
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EVE agrees 50 GWh battery cell supply deal with Hyperstrong The three-year supply agreement signals a major shift in energy storage system supply chain of the two companies, with EVE effectively squeezing out CATL as HyperStrong's key battery cell supplier.
Vincent Shaw
Feb 10, 2025

All Markets news

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Global energy storage fleet to surpass 1 TW/3 TWh by 2033, WoodMac says According to the latest forecast from Wood Mackenzie, the global energy storage market (excluding pumped hydro) is on track to reach 159 GW/358 GWh by the end of 2024 and grow by more than 600% by 2033, with nearly 1 TW of new capacity expected to come online.
Marija Maisch
Jul 09, 2024
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Battery storage deployment in Canada kicks into gear The deployment of battery energy storage systems (BESS) in Canada is picking up the pace, with the announcement of a 705 MWh battery storage system delivery to Nova Scotia by Canadian Solar's e-STORAGE and various other projects in provinces across the country. However, this surge cannot come quickly enough says Energy Storage Canada.
Blathnaid O’Dea, Marija Maisch
Jul 08, 2024
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Battery cell prices continue to plummet as lithium prices hit new low The analysis from Taipei-based intelligence provider TrendForce finds that the average price for lithium iron phosphate (LFP) energy storage system cells was CNY 0.41/Wh ($ 0.056/Wh) in June, posing a challenge to cost control for most cell makers.
Marija Maisch
Jul 08, 2024
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hughes-road-battery-layout
BayWa seeks Australian government approval for combined 1.2 GWh of big batteries BayWa r.e. is seeking environmental approval for two proposed renewable energy projects in Australia, featuring up to 312 MW of generation and a combined 1.2 GWh of battery energy storage capacity.
David Carroll
Jul 08, 2024
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Interview with Trina Storage: We expect consolidation in the coming years In a recent interview with pv magazine Italia, Gabriele Buccini, head of utility storage at Trina Solar, talked about the company's vertical integration and its forecasts for the storage market. “There is enough capacity available to drive prices down in 2024 in an anomalous way,” Buccini said when talking about global battery energy storage production levels.
Sergio Matalucci
Jul 05, 2024
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Gresham House, Thurcroft battery storage site
Gresham House hits 1 GWh battery storage milestone through capacity upgrades  With 1 GWh of battery energy storage system (BESS) capacity, Gresham House's portfolio accounts for a significant proportion of the total UK storage fleet.
Matthew Lynas
Jul 05, 2024
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Tesla energy storage
In Conversation: How cheap can battery storage get? Rapidly declining battery energy storage prices are on everyone’s lips, but rare are the ones who can say for how long costs can stay on a downward trajectory. pv magazine ESS News sat down with Taipei-based InfoLink Consulting to hear their take on the market developments.
Marija Maisch
Jul 04, 2024
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Canada’s B.C. Hydro to offer solar, battery rebates Homeowners in the Canadian province of British Columbia who install rooftop solar and battery energy storage systems will soon be able to apply for up to CAD 10,000 ($7,341) in rebates from electric utility B.C. Hydro.
Marija Maisch
Jul 04, 2024
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Pumped hydro projects declared high priority by NSW state government in Australia Three pumped hydro projects that would deliver a combined 1,035 MW / 9,480 MWh of dispatchable capacity are among six projects that have been declared critical state significant infrastructure by the New South Wales (NSW) state government in Australia, potentially smoothing the way for their approval.
David Carroll
Jul 04, 2024

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