The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.
The Australian government has granted approvals to the ‘Melbourne Renewable Energy Hub’ (MREH), a 1,200MW / 2.4GWh two-hour duration battery energy storage system (BESS) in the state of Victoria.
The transferability provisions under the Inflation Reduction Act (IRA) in the US “will unlock billions” in capital for clean energy, said financing firm Evergrow as it claimed the first tax credit transfer transaction.
Audrius Baranauskas, head of innovation at Lithuanian TSO Litgrid, talked Energy-Storage.news through its 200MW storage-as-transmission BESS units, deployed by system integrator Fluence.
Multiple tenders seeking gigawatts of ‘firm and dispatchable’ renewable energy have been launched in India in recent months by state-owned or administered enterprises.