Description

TABLE OF CONTENTS

Executive summary (2)

New regulations and initiatives discussed this month (5)

Americas (5)

United States (5)

Australia (5)

Germany (5)

Asia (5)

Turkey (5)

Project updates and announcements (6)

Overview of the 2021 market for utility-scale energy storage projects (6)

Projects announced or contracted this month (6)

Europe (7)

Projects commissioned this month (8)

Americas (8)

Tenders this month (9)

Europe (9)

Focus of the month: the Nordics - the new wave of storage deployment in Europe (11)

1. The Nordics electricity context and products (11)

a. The electricity mix in each country of the Nordics (11)

b. BESS projects announced , in construction and commissioned (11)

c. FCR in the Nordics (12)

d. Fast Frequency Response (FFR)in the Nordics (13)

2. Revenue streams available in Poland for energy storage systems (19)

a. Finland (15)

b. Sweden (19)

c. Denmark (21)

3. Business case (21)

a. Per service (22)

b. Services Combined (22)

TABLE OF FIGURES

Figure 1: Utility-scale energy storage projects announced/ contr acted and commissioned in 2020 and 2021 (ongoing) (6)

Figure 2: Electricity generation mix in the Nordic countries (11)

Figure 3: Frequency Containment Reserve products available in the Nordics countries (12)

Figure 4: Activation of the FFR (14)

Figure 5: FCR- N prices for the yearly and hourly market over the past 5 years in Finland (16)

Figure 6: FCR- D prices for the yearly and hourly market over the past 5 years in Finland (17)

Figure 7: Percentage of hours in the year an FFR volume is activated (Oct 2020 - Oct 2021) (18)

Figure 8: FCR-N and FCR-D average hourly prices in Sweden (20)

Figure 9: Percentage of hours in the year an FFR volume is activated in 2020 (21)

TABLE OF TABLES

Table l: Total capacities of storage projects in CHESS a long with the operational capacity installed (11)

Table 2: Table of the required volumes for FCR-N and FCR-D in the Nordics (13)

Table 3: Table presenting the maximum times for  full activation fo r different frequency deviations (14)

Table 4: Table presenting the volume requirement for FFR in the Nordics (14)

Table 5: Table presenting the requirements in capacity and energy for each service provided (15)

Table 6: Table presenting the viability of a storage project in Finland (22)

Table 7: Table presenting the viability of a storage project in Sweden (22)

Table 8: Table presenting the viability of a storage project for participation  in  ail  the  ancillary services markets (23)