The European Commission has approved a €9 billion (US$10.5 billion) scheme to shore up its energy capacity, which will be open to new and existing projects including energy storage.

That’s according to Benedikt Deuchert, head of business development and regulatory affairs for German battery energy storage system (BESS) developer and EPC firm Kyon Energy.

Managers of the UK’s largest BESS owner-operator Gresham House Energy Storage Fund (GRID) discussed recent investment news and future strategy this week. 

The German network regulator’s decision to maintain grid fee exemptions for battery storage “ensures that billions in private investment remain directed” into the market, Energy-Storage.news has heard.

We hear from Clean Horizon about the consultancy’s European battery storage revenue index being added to Nord Pool’s Data Portal.

TagEnergy has commissioned a 240MW/480MWh project in France while Iberdrola has done the same with a 58MW/120MWh system in Spain, the two largest projects in each country. Meanwhile Engie, ACL Energy and Chint Solar Europe have moved to construction on projects in Belgium, Italy and Germany.

Germany’s energy system regulator has confirmed that BESS projects coming online by 4 August 2029 will be exempt from charging and discharging grid fees, opening up investment again after months of uncertainty.

Solar Media Market Research analyst Charlotte Gisbourne looks at the changing revenue and margin dynamics in the BESS supplier landscape.

While Germany is often described as the ‘hottest’ energy storage market in Europe, growing uncertainty on multiple policy and regulatory topics has led to a ‘cooling’ of investor interest.

CATL will supply the BESS units for Grenergy’s two large-scale energy storage projects in Spain, both of which have decade-long tolls.