A European Commission (EC) proposal to add domestic content requirements for energy storage will ‘significantly impact’ the industry but may not reduce overall dependence on China.
The Australian government is reportedly exploring additional modifications to its Cheaper Home Batteries Program, including the possibility of an early wind-up, as the government seeks budget savings ahead of the May federal budget.
In this second part of our interview with Wood Mackenzie energy storage analysts, we look at risk factors and mitigation across the European and US markets.
A second-round auction in the UK for grid stability services, including inertia, concluded without any wins for grid-forming battery energy storage system (BESS) projects.