The battery storage markets of Italy, Great Britain and Germany are the top three most attractive for investors in Europe, according to analysis firm Aurora Energy Research.

The UK now has nearly 9GWh of grid-scale BESS online, with more than double that figure under construction.

BESS technology has won the bulk of new resource contracts in the capacity market (CM) auction for delivery in 2027 in Italy.

The Indian Central Electricity Authority has advised state utilities and all renewable energy implementing agencies to co-locate energy storage systems (ESS) with solar PV in future tenders.

Egypt’s government has signed contracts with developer AMEA Power for two large-scale battery energy storage projects, the country’s first.

Essential Energy, a state-owned electricity infrastructure company, has switched on three community batteries in the New South Wales towns of Maloneys Beach, Leeton and Goulburn in Australia.

Germany is currently the “hottest market in Europe today from a development perspective,” according to battery storage developer-investor BW ESS.

Energy storage developer and system integrator Energy Vault has been tapped by Victoria’s State Electricity Commission (SEC) to deliver a 100MW/200MWh government-owned battery energy storage system (BESS) in Australia.

Australian energy major AGL Energy disclosed in its half-year results that it intends to make a final investment decision (FID) over the next 18 months for 1.4GW of utility-scale battery energy storage systems (BESS).

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.