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Pakistan budget threatens higher duties on batteries and inverters
Solar industry campaigns against tax on panels and inverters ahead of proposed hike in budget. Calls for abolition of customs duties on batteries and inverters. The PSA has warned more action is needed to support battery energy storage system (BESS) deployment in a market where solar’s share of the energy mix has grown rapidly.
EU unveils AI, flexibility and cybersecurity energy roadmap
The new EU Strategic Roadmap for Digitalisation and Artificial Intelligence in Energy aims to accelerate the digital transformation of Europe’s energy system while strengthening its resilience to geopolitical, economic and technological challenges.
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New York offers $5 million for long-duration storage projects
The funding will advance the development and demonstration of scalable innovative long duration energy storage (LDES) solutions and be available via a competitive solicitation run by the New York State Energy Research and Development Authority (NYSERDA).
Germany, UK, Ireland, Poland offer best renewables + BESS colocation potential
Market analytics provider Aurora Energy Research has examined the potential for colocation of renewables with battery energy storage systems (BESS) across 12 European countries. It found that Germany, Great Britain, the Ireland I-SEM, and Poland are leading the pack.
Austria offers €17.9 million to fund storage
The Austrian authorities have offered €17.9 million ($19 million) to fund medium-sized electricity storage systems, with €10 million from the climate action protection ministry and €7.9 million from the European Agricultural Fund for Rural Development (EAFRD).
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European battery market growth to drop off amid falling electricity prices
The latest analysis from SolarPower Europe reveals that, in 2023, Europe installed 17.2 GWh of new battery energy storage systems (BESS), up from up from 8.8 GW in 2022. While this marks the third consecutive year of doubling the annual market, much slower growth is expected in the years to come.
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Poland’s new capacity market auction could hamper BESS
The draft parameters for this year’s capacity market auction in Poland could make the rollout of battery energy storage systems (BESS) much more difficult. The document proposes a significant reduction to the BESS derating factor that could be particularly harmful for longer duration storage systems.
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