Energy Storage News•4 days ago
4-hour projects, 15-year toll: Neoen, Statkraft, Zenobē and Infranode progress BESS in Northern Europe
Key Takeaway
The Northern European BESS market is seeing robust investment in 4-hour duration projects, underpinned by long-term contracts that de-risk development for IPPs and offer stability for large power consumers.
AI Summary
- •Major developers (Neoen, Statkraft, Zenobē, Infranode) are actively deploying Battery Energy Storage Systems (BESS) across Germany, Ireland, the UK, and Denmark.
- •Multiple projects feature 4-hour duration BESS, indicating a focus on specific grid services, capacity markets, or longer discharge requirements.
- •A significant 15-year 'toll' agreement between Zenobē and Drax highlights the increasing prevalence and bankability of long-term contracts for BESS assets, providing revenue certainty for developers.
- •The 'flurry' of project announcements ahead of a major industry summit signals strong market momentum and investor confidence in Northern European BESS, suggesting a supportive investment climate.
Topics
capacity-marketfinancingpolicyppastorage
Article Content
A flurry of BESS project news from big-name players in Western Europe in the run-up to the Energy Storage Summit next week, with Neoen, Statkraft, Zenobē and Infranode moving projects forward in Germany, Ireland, the UK and Denmark. Highlights include a 15-year toll between Drax and Zenobē, and multiple 4-hour duration systems.