The EU could save €9 billion a year in gas costs by deploying BESS to capture excess wind and solar, according to think tank Ember.

G7 nations have agreed a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels.

EU body EIT InnoEnergy has launched a new platform for owning and operating energy storage assets across Europe, called Repono, targeting a 10% market share of an expected 1TWh market by 2030.

UK-based utility and IPP Octopus Energy has entered the energy storage market in Italy, forming a joint venture (JV) with developer Nexta Capital to deploy up to 1.5GW of BESS.

While 12 projects won awards in the first tranche of Greece’s recent grid-scale energy storage auctions, what of the c.500 totalling nearly 27GW that didn’t? Jon Ferris, LCP Delta’s Head of Flexibility and Storage, looks at the dynamics which could play out in rounds two and three in Europe’s fourth largest market by 2030 pipeline.

A total of 71GWh of new grid-scale energy storage needs to be deployed in Italy by 2030 for it to decarbonise its energy system in line with the EU targets.

Developers Eku Energy and Renera Energy have signed an agreement to deploy 1GW of battery storage projects in Italy, the latest in a flurry of companies entering the market.

The Italian grid-scale energy storage market is set to become one of the most active in Europe in the next few years having been close to non-existent until now.

Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.

The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.