Description

TABLE OF CONTENTS

Executive summary (5)

1. New regulations and initiatives discussed this month (6)

1.1. Europe (6)

1.2. Asia (7)

1.3. Australia (7)

1.4. Africa (8)

2. Project updates and announcements (8)

2.1. Overview of the 2022 & 2023 market for utility-scale energy storage projects (8)

2.2. Projects announced or contracted this month (9)

2.3. Projects commissioned this month (11)

2.4. Tenders this month (13)

3. Focus of the month: Storage route to market in Europe (14)

3.1. Stakeholders' portfolios (14)

3.2.  Route to market remuneration models (21)

3.3. Stakeholders market participation by country (26)

TABLE OF FIGURES

Figure 1 - Utility-scale energy storage projects announced/contracted and commissioned in 2022 and 2023 (ongoing) (9)

Figure 2 - Operational projects in five selected European countries (14)

Figure 3 - Aggregator's storage portfolios in Great Britain (15)

Figure 4 - Aggregator's storage portfolios in Germany (16)

Figure 5 - Aggregator's storage portfolios in France (17)

Figure 6 - Aggregator's storage portfolios in Belgium (17)

Figure 7 - Aggregator's storage portfolios in the Netherlands (18)

Figure 8 - Top 20 route to market in the five selected countries (18)

Figure 9 - Top 20 route to market by type (19)

Figure 10 - Share of storage route to market portfolios by type in the five countries (20)

Figure 11 - Aggregation of two responses for FCR products (21)

Figure 12 - Dynamic response of a slow and fast asset on the primary reserve service (22)

Figure 13 - Stakeholder's revenues in the case of a "fixed commission" (23)

Figure 14 - Stakeholder's revenues in the case of a "variable commission" (24)

Figure 16 - Stakeholder's revenues in the case of a "variable commission + floor" (25)

Figure 15 - Stakeholder's revenues in the case of a "variable commission + premium" (25)