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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Poland selects 183 energy storage projects under $1 billion oversubscribed subsidy program
The requested funding for energy storage facilities, with a combined power output of over 20 GW and an energy capacity of 122 GWh, totaled nearly PLN 28 billion ($7.7billion) – almost seven times the program’s available budget.
“More than 1.7 TW of renewable and hybrid projects ‘stuck’ in grid connection queues across Europe”
The Energy Storage Europe Association recommends a reform of connection procedures, the establishment of priority lanes for storage and other grid-forming projects, appropriately designed flexible connection agreements (FCAs), and the introduction of hosting capacity maps from grid operators to guide investment and improve system planning.
Colombia advances policy for 5 MW+ grid-connected and off-grid energy storage
A new regulatory proposal from the Colombian government outlines the technical and commercial rules for energy storage assets. The framework targets both the national grid and remote microgrids to handle increasing climatic variability.
Great Britain axes 153 GW of zombie projects to clear the queue for shovel-ready BESS
Grid connection overhaul removes 153 GW of battery energy storage projects from connection queue as National Energy System Operator (NESO) implements new process prioritizing ready-to-build projects. NESO’s reform followed a tenfold increase in the connections queue over a five-year period.
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1.4 GW Xiamen pumped storage project connected to the grid
The No. 4 unit of the State Grid Fujian Xiamen Pumped Storage Power Station has successfully passed project acceptance, marking the full commissioning of the power station. The project was designed by the East China Survey and Design Institute and built by the China Hydropower No. 14 Engineering Corporation.
Entergy, NextEra Energy Resources join forces on 4.5 GW of solar and storage
In the U.S., energy utility company Entergy and the energy provider Nextera Energy Resources have announced a joint development agreement, which the two companies say will accelerate the development of up to 4.5 GW of new solar generation and energy storage projects.
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Colbún proposes 800 MW desalinated water-powered pumped storage project in Chile
Chilean utility Colbún has unveiled plans for a massive pumped storage hydropower project in northern Chile. The facility will use desalinated water from the Pacific Ocean to store energy and use it when it's most needed.
Large scale battery storage on the rise in Chile
Three utility scale battery energy storage projects collocated with solar plants were announced last week in Chile. Enel is building a 67 MW/134 MWh battery, while CJR Renewable and Uriel Renovables are planning 200 MW/800 MWh and 90 MW/200 MWh projects, respectively.
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