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.
South Australia’s first Firm Energy Reliability Mechanism (FERM) tender has awarded agreements to six battery energy storage projects totalling 1,334MW and 5,336MWh.
The California Energy Commission (CEC) has approved a 400MW/3,200MWh grid-scale battery storage project through the state planning agency’s Opt-In Certification Program.
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.
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.
India is seeing its first major grid-scale battery storage deployments, but efforts to domesticate the upstream supply chain are still at an early stage.
