Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.
The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.
Recent policy announcements from the European Union could boost the energy storage market, an analyst says, but also reveal inherent weaknesses of the bloc’s free electricity market.
