Energy Storage News•28 days ago
Financing grid-scale BESS in Europe: successes and challenges in focus as segment becomes industry driver
Key Takeaway
Grid-scale BESS is now the primary driver of new power deployments in Europe, presenting significant financing opportunities and challenges for developers and offering critical grid services for large power consumers.
AI Summary
- •Grid-scale Battery Energy Storage Systems (BESS) are now the primary driver of new power deployments across Europe, signaling a major market shift.
- •Financing models and strategies for large-scale BESS projects are a central focus for leading owner-operators, highlighting both successful approaches and persistent challenges.
- •The rapid growth and critical role of BESS present significant development opportunities and promise enhanced grid stability and flexibility for large power consumers.
Topics
capacity-marketfinancingoempolicyppastoragetransmission
Article Content
Leading BESS owner-operators across Europe discuss the key trends around the financing and deployment of grid-scale projects, with the segment now the driver of continent-wide deployments according to trade body SolarPower Europe.