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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.
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.
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
Tesla to build battery ‘re-manufacturing’ facility in Western Australia
The electric vehicle (EV) and energy storage brand will expand its presence in Australia with a “re-manufacturing” facility at Collie, in Western Australia’s (WA) southwest, to service its grid-scale and residential battery energy storage products.
Energy storage among tax-exempt proposals in Bangladesh
Bangladesh’s government has proposed exempting renewable energy equipment, including energy storage systems, from import duties and value-added tax (VAT) under its draft Renewable Energy Policy 2025. If approved, the provisions would take effect upon publication in the country's official gazette.
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India can leverage its solar and storage edge to avoid power shortages
Large-scale solar-plus-storage is the main option left to avoid power shortages as such systems can be deployed much faster than new thermal and hydro assets. Recent gigawatt-scale solar-plus-storage auction results, with a record low price of INR 3.40 ($0.04)/kWh, show that such deployment will be highly economical, according to a new study from the University of California’s India Energy and Climate Center.
Battery storage on a capacity market
In Germany – but not only there – there is a heated debate about the pros and cons of a capacity market. The German Renewable Energy Association is against it, and recently the German New Energy Industry Association, the DIHK and the EEX energy exchange have also taken a clear stance: Germany does not need a “power plant subsidy program.” In this article, four experts explain why battery storage can also play an important role in a capacity market and make recommendations on how the design of the market can help avoid mismanagement, wrong incentives and unnecessary costs.
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Budget push for battery manufacturing, new pumped storage in India
The Indian government's support for pumped storage projects is seen as critical for maintaining grid stability and ensuring round-the-clock energy availability. In addition, custom duty exemptions on import of lithium and other related raw materials are expected to encourage local battery storage manufacturing.
Tackling merchant risk – A deep dive into Europe grid-scale energy storage contracted revenue
Current market conditions are propelling grid-scale project deployment in a more diversified European energy storage market. Anna Darmani, principal analyst – energy storage EMEA, at Wood Mackenzie, examines revenue streams in different parts of Europe and emerging routes to the market.
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Greece readies for next battery storage growth phase
Greece’s energy storage market is hot with a number of new policies paving the way to new applications in the market. The government is now working a new plan, which will allow the colocation of batteries with existing solar plants as well as standalone, in front of the meter battery energy storage systems.
Pumped storage: Planning for 1.5 GW in Scotland, new alliance for 500 MW in Italy, progress on 600 MW Scottish project
Scottish energy storage company ILI Group has lodged plans for a major pumped hydro facility at a famous Scottish loch. Meanwhile, renewable energy developer Drax has appointed engineering firm Voith Hydro to move forward its plans to build a 600 MW project near Oban in Scottland. In Italy, Edison and Webuild have joined hands for a 500 MW pumped storage development.
Australian government to underwrite 1.4 GW of renewables, battery storage projects
The Australian federal government will underwrite a minimum of 1 GW new wind and solar projects and another 400 MW/1,600 MWh of storage capacity in South Australia to help the state progress to its net 100% renewables goal by 2027.
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