A trio of European BESS announcements, with Merus Power securing an order in Finland and IPPs Metlen and Aquila Clean Energy EMEA winning government financial support for projects in Italy and Portugal respectively.
Industry experts discussed the varying approaches in Europe to procuring energy storage via long-term support schemes on Day One of Solar Media’s Energy Storage Summit 2025 in London, which kicked off today (18 February).
The energy storage market in Italy has unique characteristics that mean more risk-averse investment funds will be able to enter, but upcoming auctions could be very competitive, driving down clearing prices, a director at consultancy Timera Energy said.
The start of 2025 has seen new and updated BESS revenue indexes launched for Germany as well as other other European markets, by optimiser enspired and consultancies Clean Horizon, Aurora Energy Research and LCP Delta.
Eni Plenitude, the utility arm of the large oil and gas major Eni, has completed construction of the 200MW/400MWh Guajillo battery energy storage system (BESS) project in Texas, US.
Capacity market (CM) auctions have concluded in Italy and Belgium and battery energy storage system (BESS) projects won the lion’s share of new contracts.
Energy Dome has signed a contract with Alliant Energy for a 200MWh long-duration energy storage (LDES) project in Wisconsin, which the US utility considers the “first of many.”
Minister of the Environment and Energy Security Gilberto Pichetto has signed a decree allowing Italy to proceed with its energy storage capacity market auction, known as MACSE, in the first half of 2025.
