Portugal has selected 43 winning BESS projects for a share of €100 million (US$105 million) in EU grants while, on the other side of Europe, Moldova has launched a 75MW BESS procurement
Battery energy storage systems (BESS) store electricity and flexibly dispatch it on the grid. They can stack revenue streams offering arbitrage, capacity and ancillary services
This open tender marks a milestone for Portugal''s development of investments in storage systems that will add flexibility and security to the electrical grid, allowing renewable
Bringing it all together Elgar Middleton has extensive knowledge of, and experience in financing, co-located BESS, standalone BESS, BESS duration, warranty duration, cycling, degradation, floors, fixes as well as
The latest project, announced in February, is for a 5-MW/20-MWh BESS (Figure 1) in Alcoutim, Portugal. The installation would be Powin''s first in Europe, and coincides with the opening of the
Discusses the fixed and variable offtake structures project company (special purpose vehicles project owners or project sponsors establish to own the project assets and enter into the
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market
India''s Battery Energy Storage System (BESS) market is projected to grow at 22% CAGR (2024-2030) driven by renewable integration and grid stability needs.
Merus Power has secured a 30MWh order in Finland while Metlen and Aquila won government financial support for projects in Italy and Portugal.
Germany''s BESS Installations Types (as of 2023) Total Grid-Scale BESS Capacity and Forecast (in GWh) Bundesverband Solarwirschaft (BSW) forecasts an additional ~7 GWh of grid-scale BESS capacity by 2026.
Which are your preferred offtake options for BESS assets? When we have a standalone, grid-connected BESS, we look at tolling agreements or some profit-sharing mechanisms. This depends on our project finance
Co-authored by Harry Brunt, a partner in our Energy and Infrastructure team, and Dan Roberts of Frontier Economics Introduction In this article we consider the role and application of battery energy storage systems
The Ministry of Energy Transition and Water Transformation (PETRA), through the Energy Commission (EC), has launched an open bidding program for the acquisition of
A total of 43 projects were selected from 79 applications in Portugal''s 2025 energy storage procurement. This included six projects from Spain''s Iberdrola, which secured
The majority of newly installed large-scale electricity storage systems in recent years utilise lithium-ion chemistries for increased grid resiliency and sustainability. The capacity of lithium
High and further increasing volatility of power prices due to the expansion of renewables on the one hand and significantly decreasing prices for battery cells in recent years
The Romanian and Bulgarian governments launched their first round of BESS project bidding in February and March 2024, with project scale reaching 240 MW/480 MWh and 350 MW respectively. In the European energy
The rapid evolution of the utility-scale battery energy storage systems (BESS) market in Australia, Europe and the US has seen the emergence of a wide range of offtake products. These arrangements offer opportunities for
On February 28, 2025, Renova secured funding for three grid-scale battery storage projects with a total power capacity of 215MW it was awarded in Japan''s first long-term
An Aypa Power battery storage project. Image: Aypa Power. Developer-operator Aypa Power has closed a US$190 million financing for the 200MW/400MWh Bypass BESS project. Located near Houston, in Fort Bend
Portugal will launch a competitive tender for 750 MVA of battery energy storage before January 2026, as part of a broader €400 million package aimed at improving grid
Financing remains one of battery energy storage system''s (BESS) biggest talking points, as bankability, risk mitigation, insurance, and more.
Financing Costs: Interest payments and debt servicing, which can significantly influence the overall cost structure of a BESS project. Equity return requirements for investors, ensuring a
The Ministry of Energy Transition and Water Transformation (PETRA), through the Energy Commission (EC), has launched an open bidding program for the acquisition of Battery Energy Storage System (BESS) capacity
The BRPL BESS project is the first commercial standalone BESS project at the distribution level in India to receive regulatory approval for a capacity tariff and will play a pivotal role in facilitating the uptake of low-cost
At a ceremonial signing on February 17, 2025, BPI and Chinabank formalized their commitment to fund the Magat BESS Phase 2, while BPI and BDO agreed to finance the
E.ON came on board in March 2024. British battery energy storage system (BESS) firm Field has secured new financing to continue building out its UK project pipeline. The £42 million non-recourse loan from Rabobank
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market volatility, not all projects
Aquila Clean Energy EMEA, the European renewable energy arm of German investment management firm Aquila Group, announced that it was among the winners in Portugal''s latest battery energy storage system (BESS)
Emily Sidhu, director in the banking and investment team at UK Infrastructure Bank (UKIB), explains that the main barrier to the project financing of BESS projects relates to revenues.
Grid-scale BESS projects have been relatively limited in Portugal to date, although utility Iberdrola did bring online a huge, 40GWh pumped hydro energy storage (PHES) project there in 2022. This isn’t just another summit – it’s our biggest and most exhilarating Summit yet!
Portugal’s Ministry of Energy has allocated €100 million to support 43 energy storage projects, scheduled for completion by the end of 2025. These projects were selected from 79 applications under the country’s Recovery and Resilience Plan (RRP), with eligible projects able to receive up to €30 million in funding.
Greenvolt and Galp have both deployed 5MW BESS projects in Portugal in the past. In eastern Europe, Moldova is in the process of completing a bidding process for the procurement of a 75MW BESS and 22MW internal combustion engine (ICE) project, called the Moldova Energy Security Project (MESA).
Portugal has awarded grant support to around 500MW of battery energy storage system (BESS) projects, using EU Recovery and Resilience Plan (RRP) funding, a bloc-wide scheme that has supported energy storage across the continent.
Several companies are investing in the country’s power infrastructure, including Powin, an Oregon-headquartered energy storage platform provider that has partnered with Galp, a leading Portuguese integrated energy group, to install battery energy storage systems (BESSs).
Carroll noted that Powin also recently announced a project with Pulse Clean Energy, an investor, developer, and operator of flexibility and stability assets in the UK, “to deploy a 50-MW/110-MWh BESS on project Overhill, located in Scotland.”
