Description

TABLE OF CONTENTS

Executive summary (2)

New regulations and initiatives discussed this month (5)

Europe (5)

Italy (5)

Australia & Oceania (5)

Asia (6)

India (6)

Project updates and announcements (6)

Overview of the 2020 market for utility-scale energy storage projects (6)

Projects announced or contracted this month (7)

Australia & Oceania (7)

Projects commissioned this month (9)

Tenders this month (10)

Europe (10)

Asia (11)

Americas (11)

Focus of the month: Europe 2025 battery storage market forecast (12)

General context: regional groups and markets (12)

Volume of storage installed and operational in continental Europe (13)

2025 deployed battery storage capacity forecast (14)

Methodology (14)

Results of the forecasts in 26 countries (15)

Only a few countries are expected to deploy storage for other applications than frequency regulation (16)

For the Baltic states and Ukraine, joining Continental Europe requires additional storage capacities (17)

Baltic states (17)

Ukraine needs 200MW of storage to disconnect from the UPS (17)

Country summary and market sizes (19)

TABLE OF FIGURES

Figure 1. Selected bidders under Italy's Fast Reserve auction (5)

Figure 2. Utility-scale energy storage projects announced/contracted and commissioned in 2019 and 2020 (ongoing) (7)

Figure 3. Projects selected under SCE's December 2020 procurement (7)

Figure 2: ENTSO-E map of the different regional groups (12)

Figure 3: MW scale projects operational and under construction in 26 European countries (14)

Figure 4: Top 15 European countries according to Clean Horizon forecasts (15)

Figure 5: MW scale projects expected to be deployed in 2025 in 26 European countries (16)