Description

TABLE OF CONTENTS

Executive summary ()

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

1.1. Europe (6)

1.2. North America (7)

1.3. Middle East (8)

2. Project updates and announcements (9)

2.1. Overview of the 2022 & 2023 market for utility-scale energy storage projects (9)

2.2. Projects announced or contracted this month (10)

2.3. Projects commissioned this month (11)

2.4. Tenders this month (12)

3. Focus of the month: Energy storage markets in three eastern European nation (Poland, Hungary and Romania) (14)

3.1. Executive Summury (14)

3.2.  Poland (16)

3.2.1. Energy ecosystem and storage development status (16)

3.2.2. Public support schemes for energy storage (17)

3.2.3. Market participation considerations for energy storage (19)

3.3.  Hungary (20)

3.3.1. Energy ecosystem and storage development status (20)

3.3.2. Public support schemes for energy storage (22)

3.3.3. Market participation considerations for energy storage (23)

3.4.  Romania (25)

3.4.1. Energy ecosystem and storage development status (25)

3.4.2. Public support schemes for energy storage (26)

3.4.3. Market participation considerations for energy storage (27)

3.4.3.1. Regulatory framework - Although promising, the regulatory framework for energy storage is still evolving (27)

3.4.3.2. Ancillary services (28)

3.4.3.2. Wholesale market (29)

TABLE OF FIGURES

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

Figure 2 - Energy storage projects in Poland (17)

Figure 3 - Capacity mechanism auctions in Poland (18)

Figure 4 - Net installed capacity in Hungary (Dec. 2021) (20)

Figure 5 - Average daily spread on the Day-Ahead Market (2018 - 2023) - Hungary (24)

Figure 6 - Romania's electricity generation mix 2020 - 2022 (TWh) (25)

Figure 7 - Average daily spread on the Day-Ahead Market (2020-2023) - Romania (29)