Description

TABLE OF CONTENTS

Executive summary (5)

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

1.1. Europe (6)

1.2. Asia (6)

1.3. North America (7)

1.4. South America (7)

2. Project updates and announcements (9)

2.1. Overview of the 2021 & 2022 market for utility-scale energy storage projects (9)

2.2. Projects announced or contracted this month (10)

2.3. Projects commissioned this month (12)

2.4. Tenders this month (13)

3. Focus of the month: European subsidies for storage (15)

3.1. EU Recovery & Resilience Facility (16)

3.1.1. Focus on storage under the Recovery & Resilience Facility (18)

3.1.2. Overview of tenders that use grants under the Recovery & Resillience Facility (19)

3.2.  Modernisation Fund (25)

3.2.1. Projects related to storage under Modernisation Fund (26)

TABLE OF FIGURES

Figure 1 - Utility-scale energy storage projects announced/contracted and commissioned (ongoing) (10)

Figure 2 - European schemes related to green transition and storage (15)

Figure 3 - Total clean power expenditure per Member state € in million (16)

Figure 4 - Disbursed requested payments to Member States (17)

Figure 5 - Key stages of the Lithuanian energy storage project (20)

Figure 6 - Spain target for storage, published by Ministry for Ecological Transition and Demographic Challenge (21)

Figure 7 - Spanish plan for storage under the Resilience and Recovery Plan (21)

Figure 8 - Share of the Modernisation Fund by Member State (26)

Figure 9 - Storage projects approved to receive Modernisation Funds (27)