Longroad Energy has secured a power purchase agreement for one of its hybrid solar and battery energy storage system (BESS) projects in California with Marin Clean Energy.
UK Energy Storage Developments
Despite a 12% decrease in the capacity of newly submitted planning applications in 2024, the UK energy storage market remains robust, with over 17GWh of BESS expected to connect to the grid by 2025, and 9GWh already consented.
European BESS Updates
In Europe, several significant developments have emerged. Merus Power has secured an order in Finland, while independent power producers Metlen and Aquila Clean Energy EMEA have received government financial support for their projects in Italy and Portugal, respectively.
Ormat Technologies’ Achievements
Ormat Technologies, a US renewable energy company, has won two 15-year tolling agreements for energy storage facilities in Israel, boasting a combined capacity of 300MW and 1,200MWh.
Australian Market Insights
In Australia’s National Electricity Market (NEM), Modo Energy reported a 7% decline in BESS revenues month-over-month in January, despite a notable revenue increase in Queensland. Furthermore, FRV has submitted a proposal for a 1,600MWh BESS in New South Wales under the federal government’s EPBC Act.
Apex Clean Energy’s New Project
Apex Clean Energy has announced that its 100MW/200MWh Great Kiskadee Storage BESS in Hidalgo County, Texas, has reached commercial operations.
Energy Storage Summit EU 2025 Highlights
The Energy Storage Summit EU 2025 has sparked discussions around storage power purchase agreements (PPAs). A panelist emphasized the importance of determining not just whether to toll, but also with whom and for how much. As the summit continues, key topics include co-location, avoided emissions, and emerging markets in Europe.
Trade War Impact on BESS Pricing
An investment manager from Railpen has downplayed the ongoing impact of trade disputes on pricing within the battery storage industry, suggesting that current conditions remain favorable.
This marks a significant period of growth and innovation within the energy storage sector, as companies adapt and respond to evolving market dynamics.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/developments-in-battery-energy-storage-systems-key-updates-from-the-global-market/
