Description

TABLE OF CONTENTS

Executive Summary (2)

Table of figures (4)

New regulations and initiatives discussed this month (5)

Americas (5)

Europe (5)

Projects updates and announcements (7)

Overview of the 2017 market for utility-scale energy storage projects (7)

Projects announced this month (7)

Projects commissioned this month (10)

Focus of the Month: Looking back at 2017 for energy storage (11)

When governments call for storage to solve grid issues, rapid deployment follows (12)

Residential systems keep being deployed in countries with favorable context (15)

California strengthens its position as an energy storage leader (16)

Island grids adopt energy storage systems (17)

Capacity markets: an opportunity for long duration storage systems (17)

Focus of the Month: Looking ahead at what 2018 holds for energy storage (22)

Future potential hot markets for energy storage (22)

Collocating generation with storage: a model that will persist (26)

TABLE OF FIGURES

Figure 1: Fire in a Belgium energy storage facility using Li-ion batteries (6)

Figure 2: Utility scale energy storage projects announced and commissioned in 2017 (7)

Figure 3: Pacific Gas and Electric Company presented contracts for approval (8)

Figure 4: Operational and announced energy storage capacity globally as of December 2017 (in MW) (11)

Figure 5: Announced and commissioned energy storage projects in Australia as of December 2017 (13)

Figure 6: Chain of events that impacted the South Australian power grid over the past two years (14)

Figure 7: Cumulative number of PV plus storage installations in Germany from 2013 to April 2017 (15)

Figure 8: Reported types of capacity mechanisms (18)

Figure 9: Reduction of the capacity payment depending on energy storage system duration (19)

Figure 10: Capacity payments for an energy storage system in France and Great Britain (20)

Figure 11: Share of utility scale energy storage projects installed globally by connection point (26)

Figure 12: PV plus storage power plants revenues across geographies with different commissioning dates (27)