Description

TABLE OF CONTENTS

Executive summary (2)

New regulations and initiatives discussed this month (5)

Europe (5)

Italy (5)

Australia & Oceania (5)

Project updates and announcements (6)

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

Projects announced or contracted this month (7)

Americas (7)

Projects commissioned this month (8)

Asia (8)

Europe (8)

Tenders this month (9)

Americas (9)

Focus of the month: Signed, sealed, delivered - energy storage procurement in the United States (10)

Long-term contracts with utilities are the main driver for storage uptake (10)

State targets and mandates should enable the deployment of over 18 GW of energy storage by 2030 (11)

Energy Storage has been taking an ever-growing role within utility Integrated Resource Plans (IRPs) (12)

Signed, sealed, delivered: best practices for storage procurement (14)

Application definition and RFP design (15)

Bid evaluation and offer selection (16)

Contracting (17)

Permitting and regulatory approval (18)

System commissioning (19)

TABLE OF FIGURES

Figure 1. Utility-scale energy storage projects announced/contracted and commissioned in 2019 and 2020 (ongoing) (6)

Figure 2. Main revenue sources of US-based energy storage projects (10)

Figure 3. Map of efforts, mandates, and targets established by states for energy storage (11)

Figure 4. Available energy storage opportunities over the 2030 horizon (12)

Figure 5. IRP requirement by state (12)

Figure 6. Top energy storage targets within utility IRPs (13)

Figure 7. Energy Storage procurement framework (14)

Figure 8. Common evaluation criteria during energy storage procurements (16)

Figure 9. Overview of typical maintenance operations associated with different service levels (18)