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UK LDES cap-and-floor auction attracts 171 bids in first window
First cap-and-floor application window attracts sufficient capacity to meet expected long-duration energy storage targets, according to Ofgem. The energy regulator will now consult industry stakeholders on a financial framework for the support scheme.
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Pexapark: European BESS marketplace maturing as sophisticated contracts go mainstream
Utility-scale batteries are beginning to “flatten” the renewable energy production curve in parts of Europe, enabled by financial structures such as tolling and floor contracts, reports Power Purchase Agreement (PPA) advisory Pexapark. The Swiss company acquired RenewaFi this week, gaining a foothold in the U.S. marketplace.
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Greece presents 3.5 GW standalone battery storage rollout plan
A draft ministerial decision envisages the installation of 3.55 GW of standalone battery energy storage systems which will be granted priority connection to the transmission or distribution grid and operated on a merchant basis without subsidy support.
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India’s Reliance secures 10 GWh battery cell production capacity under national incentive scheme
The second round of bidding for the INR 181 billion ($2.09 billion) advanced-chemistry cell (ACC) portion of India's production-linked incentive (PLI) program ensured 40 GWh of annual production lines have now been awarded.

Western Australia serves up $246 million residential battery rebate scheme
At the official campaign launch for the March 8 state election, Western Australian Labor has unveiled plans for home battery energy storage system rebates and interest free loans expected to deliver more than 200 MWh of small-scale storage capacity.
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