Contracted Revenues in Energy Storage
Europe’s Governments Acknowledge the Importance of Battery Storage
On March 4, 2025, Energy Storage News (ESN) had a discussion with Anna Darmani, an energy storage analyst at Wood Mackenzie, about the evolving landscape of the energy storage sector in Europe.
Italy Secures Significant Contracts for Battery Energy Storage Systems
On March 3, 2025, it was reported that Battery Energy Storage Systems (BESS) technology won a substantial portion of new resource contracts in Italy’s capacity market auction, aimed for delivery in 2027, totaling nearly 600 MW.
Exploring Europe’s Battery Storage Potential
As of February 20, 2025, Germany and the UK are identified as the leading markets for battery storage in Europe, although other regions are also emerging as attractive opportunities.
Discussing Long-Term Energy Storage Procurement
On February 18, 2025, industry experts gathered at Solar Media’s Energy Storage Summit 2025 in London to discuss the different approaches to procuring long-term energy storage through various support schemes across Europe.
Shell Energy Signs Groundbreaking BESS Tolling Agreement
On August 8, 2024, BW ESS and its partner Penso Power made headlines by signing the first long-term tolling agreement for a single battery energy storage system in Great Britain with Shell Energy Europe, which involves a 330 MWh project.
Ormat Technologies Shifts to Contracted Revenues in California
On July 25, 2024, Ormat Technologies, a US renewable energy firm, announced it had signed a 15-year contract for an 80 MW/320 MWh BESS project in California, marking a significant transition from merchant to contracted revenue models.
Japan’s BESS Market Growth and Challenges
On July 24, 2024, the Energy Storage Summit Asia highlighted Japan as a key player in the emerging grid-scale energy storage market in Asia, discussing its growth prospects, opportunities, and challenges.
SECI Tender Boosts Renewable Energy and Storage in India
On July 17, 2024, a tender hosted by the Solar Energy Corporation of India (SECI) saw bids as low as IR3.41/kWh (approximately US$0.041/kWh) for solar PV projects paired with battery storage, presenting a transformative opportunity for low-cost renewables and energy storage.
Strata Clean Energy’s Long-term Agreement in Arizona
On July 16, 2024, Strata Clean Energy, a US solar PV and energy storage developer, secured a long-term tolling agreement for a 150 MW/600 MWh battery storage project with Arizona Public Service.
Transitioning to Contracted Revenues in Europe’s BESS Industry
On July 15, 2024, industry voices from Gresham House and optimization firms Capalo AI and Flower discussed the movement within the BESS industry towards transitioning from merchant-only models to more structured contracted revenues.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/europes-battery-storage-market-insights-on-contracted-revenues-and-future-opportunities/
