Description

TABLE OF CONTENTS

 Executive summary (4)
1. New regulations and initiatives discussed this month  (5)
1.1. Europe (5)
2. Project updates and announcements (8)
2.1. Overview of the 2022 and 2023 markets for utility-scale energy storage projects  (8)
2.2. Projects announced or contracted this month  (9)
2.3. Projects commissioned this month  (10)
2.4. Tenders this month  (11)
3. Focus of the month: The Greek 1000-MW standalone storage tender scheme  (13)
3.1. Context of the tender (13)
3.1.1. Greek goals and Recovery Fund grant  (13)
3.1.2. The 2023 tender scheme  (15)
3.1.3. Operating aid (16)
3.2. Tender requirements  (17)
3.2.1. Eligibility requirements  (17)
3.2.2. Technical requirements  (18)
3.3. Evaluation criteria (19)
3.4. Clean Horizon’s recommendations  (19)

TABLE OF FIGURES

Figure 1: Utility-scale energy storage projects announced/contracted and commissioned in 2022 and 2023 (ongoing)  (8)
Figure 2: Greek energy storage targets timeline  (13)
Figure 3: Companies with the most cumulative storage licenses (in MW)  (14)
Figure 4: Waterfall highlighting the Minimal revenue computation methodology  (20)
Figure 5: Minimal reference revenue to breakeven over 10 years for different storage durations (21)