Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
Enel X, one of the winners of contracts tendered by Italy’s transmission operator to provide fast response frequency reserve to the grid, has contracted Fluence to supply two battery energy storage system (BESS) solutions.
Power distribution company WEL Networks and renewables developer Infratec are in the final stages of assessment for what will be New Zealand’s first utility-scale battery energy storage system (BESS).
The award of contracts to battery storage developers in a recent auction by Italy’s transmission system operator proves the technology’s competitiveness in providing grid services once again, an analyst has said.
Italy’s transmission system operator Terna has awarded five-year contracts for battery energy storage systems (BESS) to provide Fast Reserve grid services in an oversubscribed pilot auction.
TERNA, operator of Italy’s electricity transmission system, is set to open up a pilot scheme in which up to 230MW of aggregated nominal capacity including energy storage could supply frequency and voltage services to the grid.
