The success of an auction for fast reserve grid services held by Italy’s transmission system operator (TSO) indicates a strong appetite for battery storage, but market rules and regulations need some revision to capture that opportunity.
Energy market mechanisms must evolve in order to support long-duration energy storage, with the existing frameworks having “significant problems” incentivising those technologies, a panel of experts has concluded.
Support frameworks which address both green hydrogen supply and demand, as well as cross-border initiatives, will be pivotal to delivering affordable green hydrogen, a panel has concluded.
Updated: Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it move towards its 2050 climate neutrality target.
Wärtsilä Corporation has been contracted to install a 10MW battery energy storage system at a wind farm in Mexico, marking an expansion into the country for the energy solutions provider.
Specific recommendations from a prominent industry group for tax reforms and other changes to support energy storage were not included India’s Union Budget for 2021-2022, but certain aspects of the budget such as the promotion of domestic self-reliance have been welcomed by it.
The results of Spain’s auction last week for 3GW of renewables capacity have been widely welcomed by the country’s solar sector, but calls have been made to tweak future auctions to support smaller-scale projects as well as encourage the participation of bids with energy storage.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, while energy storage was not included in any of the winning bids.
The first of Spain’s new renewable energy auctions is set to take place next week, as the country offers the possibility for bidders to include energy storage in their offers.
A plan to invest CA$2.5 billion (US$1.97 billion) in the clean energy economy by the Canada Infrastructure Bank could lead to involvement in one of the world’s biggest battery energy storage projects so far.
