The award of contracts to 1GW of battery storage was the “biggest news” to emerge from the latest round of Capacity Market auctions held in the UK.

A number of core challenges remain for lenders in the energy storage market, not least the relative nascency of it.

News in brief from around the world in energy storage.

With the European energy transition seemingly in full effect, why isn’t the Netherlands all in on energy storage? Andy Colthorpe speaks with Ruud Nijs, CEO of GIGA Storage and member of the board for Energy Storage NL (ESNL).

A pilot tender for 1,000MWh of battery storage is being readied for launch by the Solar Energy Corporation of India (SECI).

The opportunities for energy storage in the US continue to grow and grow, but moving away from contracted revenue structures to merchant risk projects will be a challenge, especially for lenders. 

Powin Energy has installed battery energy storage systems (BESS) in Israel and Taiwan which, while small by comparison to some of the company’s recent US projects, mark entry into new territories for the Oregon-headquartered system integrator.

Based on the value it provides to grids as shares of renewable energy grow, energy storage is a “very exciting market,” the VP of Goldman Sachs Renewable Power has said.

It has yet to build its first project but Jupiter Power, a developer, owner and operator of utility-scale energy storage has claimed it will deploy 652MWh of battery storage during 2021, kicking off a 10GW development pipeline.

Merchant energy storage has become an investable asset class in the UK, a provider of battery optimisation services has said, with the market moving away from an emphasis on contracted revenue streams for supplying grid services.