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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Annual lithium-ion demand surpasses 1 TWh for the first time The big milestone comes on the back of a record month for electric vehicle (EV) sales and strong battery energy storage system (BESS) deployment. However, EV demand remains far behind BESS with the latter's impressive growth reaching a year-on-year increase of 175% and cumulative 19.4 GWh deployed in November alone.
Marija Maisch
Dec 20, 2024
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Australian utility-scale battery deployment surges past solar, wind – falls short of requirements Big BESS is booming Down Under, with almost 5 GW of projects under construction in 2024, according Rystad Energy. While encouraging, the analyst reports that the volume remains insufficient to overcome growing rates of renewable curtailment. “We have around 3 GW operational at the moment, but about half of that is still in commissioning. So you still only have 1.5 GW on the market where the average load is 23 GW,” Rystad Energy’s David Dixon tells ESS News.
Jonathan Gifford
Dec 20, 2024
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Cypriot utility aims to add 400 MWh of battery storage  Cyprus state-owned utility, the Electricity Authority of Cyprus, is looking to add 400 MWh of battery storage capacity, however local energy market stakeholders have different plans. Unless there is a solution to this deadlock, the island country will continue curtailing massive amounts of solar electricity.
Ilias Tsagas
Dec 20, 2024
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Germany’s Manz announces insolvency application The production equipment manufacturer cited “market distortions in the European battery cell market” as the main reason.
Jochen Siemer
Dec 20, 2024
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drax pumped hydro
UK regulator unveils first details of LDES cap-and-floor scheme Ofgem sets out proposals for long-duration energy storage support scheme in letter to industry. Increased minimum capacity requirements and secured grid connection agreements floated as regulator acknowledges need to move quickly to meet government deployment targets.
Matthew Lynas
Dec 19, 2024
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Spain plans first capacity market auctions for summer 2025 The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has opened consultation about a capacity mechanism to ensure security of electricity grid supply. The resulting capacity market would be expected to be operational in 2026.
Pilar Sanchez Molina
Dec 19, 2024
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Kosovo launches 360 MWh battery storage auctions Applications for prequalification for the design and build of utility-scale battery energy storage systems (BESS) and transmission connection infrastructure should be submitted by February 14.
Marija Maisch
Dec 19, 2024

All Markets news

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Javier Izcue talks to Sergio Matalucci (right)
Sungrow executive dampens hopes for imminent storage boom in Italy Javier Izcue, vice president SG Europe at Sungrow, tells pv magazine that Italy will install 30 GW of batteries by 2030, but notes that the boom is not looming in the near term, as previously predicted.
Sergio Matalucci
Jun 25, 2024
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Synchronous condenser
Australian grid operator turns to batteries, synchronous condensors to safeguard system strength Transgrid, the operator of the high voltage electricity transmission network in the Australian state of New South Wales, is looking at rolling out up to 14 synchronous condensers and 4.8 GW of batteries with ‘grid forming’ capability to protect and strengthen the security and stability of the electricity grid as coal-fired power plants retire and more renewables come online.
David Carroll
Jun 25, 2024
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Container with battery energy storage systems is placed on a trailer
In Conversation: Weight – a new challenge for BESS in Europe Driven by the demand for higher efficiency and cost reduction, large-scale battery energy storage systems are increasigly featuring higher capacity cells. This has given rise to new challenges on the logistics front, particularly on the European soil. pv magazine ESS News caught up with Trina Storage at last week's Smarter E show to discuss this.
Marija Maisch
Jun 24, 2024
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The Staythorpe BESS masterplan.
Elements Green’s 360 MW/720 MWh battery storage project secures green light UK-based solar and energy storage developer Elements Green has secured planning consent for its Staythorpe Battery Energy Storage System (BESS) project in the UK. The system will be colocated with a massive 800 MW solar farm.
Marija Maisch
Jun 24, 2024
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N.Y. battery storage site
New York policy authorizes $814.6 million to fund energy storage The new order puts the state on track to install 6 GW of energy storage by 2030.
Anne Fischer
Jun 24, 2024
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Three men signing the agreement
Plans for BESS assembly plant in Nigeria RIPLEnergy Company has signed a Memorandum of Understanding with GIB EnergyX Slovakia s.r.o. to co-develop an assembly plant in Nigeria. The new plant should supply Battery Energy Storage Systems (BESS) in support of RIPLE’s Renewable Energy investments to supply commercial and industrial demand for 24/7 electricity.
Carrie Hampel
Jun 21, 2024
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Global Battery Alliance Logo
Global Battery Alliance launches Battery Passport pilots The Global Battery Alliance (GBA) has just launched the second wave of its Battery Passport pilots, which includes 11 pilot consortia. This second wave will establish the Minimum Viable Product of the GBA Battery Passport with a product-level ESG (Environment, Social, Governance) score.
Carrie Hampel
Jun 21, 2024
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Chart showing the simulation for one autumn day
BESS, deep learning simulations: decrease in wholesale price variability Donato Leo is the author of a study on the relationship between photovoltaics, batteries and wholesale energy prices in Italy. Leo's deep learning simulations suggest changes in energy prices as installed battery capacity increases.
Sergio Matalucci
Jun 20, 2024
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Chart with Q1 2024 comparison of energy storage deployments
U.S. grid-scale storage grows 84%, residential storage 48% Wood Mackenzie reported large growth in Q1 year-over-year for grid-scale storage and residential storage in the USA, while commercial and industrial storage slowed.
Ryan Kennedy
Jun 19, 2024

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