The first quarter of 2025 was the second best on record for investment in large-scale Battery Energy Storage Systems (BESS) in Australia, with six projects worth $2.4 billion in total reaching the financial commitment
Energy storage deployment across North America broke records in 2024, driven by falling battery prices, increased system efficiencies, and growing market opportunities. Globally, energy storage deployment increased
Financing for the project was provided by the UK''''s Renewable Energy Performance Platform, pan-African private equity investor Inspired Evolution, and Gigawatt Global.
Following similar pieces in 2022/23, we look at the biggest energy storage projects, lithium and non-lithium, that we''ve reported on in 2024.
With the invaluable financing support of AmBank, our large-scale battery energy storage project represents a pivotal step toward realizing a shared vision of a greener future.
Standalone Energy Storage Systems (ESS) are rapidly emerging as a key market, with 6.1 gigawatts of tenders issued in the first quarter of 2025 alone, accounting for
In this article, we provide an overview of current developments in the energy market, especially for large-scale battery storage systems in Germany, and demonstrate why the German market, in particular, offers
In autumn 2024 two draft regulations were published regarding state aid for large-scale electricity storage systems (BESS), one from the Modernisation Fund ("MF ") 1 - and the second under the National Recovery
"`markdown Battery Energy Storage Trends in 2025 By Vineet Mittal June 12, 2025 As the world moves towards renewable energy, Battery Energy Storage Systems (BESS) have become essential for facilitating the
Flow batteries, which use liquid electrolytes, are also becoming popular for large-scale, long-duration energy storage, particularly in grid applications. These innovations are
The UK''s total battery storage project pipeline currently contains a total of 127GW of capacity. Figure 1 demonstrates the amount of capacity at each development stage as a proportion of the total pipeline. 8% of
While lenders may need to undertake additional diligence before financing an energy storage project, the project finance market for energy storage has grown and is continuing to grow alongside the rapid transition to less
Zenobē has secured its largest battery storage financing to date, with Scottish battery storage assets to exceed 1GW £220 million in long-term debt will fund a new battery storage site in Eccles, Scotland, which has now entered
GIGA Storage has reached financial close for its utility-scale Battery Energy Storage System project GIGA Leopard in Delfzijl the Netherlands.
Learn about Poland''s €1 billion energy storage subsidy aimed at installing 5.4 GWh of BESS by 2028, strengthening grid stability and accelerating the green transition.
Wisconsin''s Paris Solar-Battery Park, the state''s first large-scale energy storage project, is now operational. The park''s 12,000 lithium-ion batteries can power over 130,000
The revenue streams for the storage project will depend on the relevant electricity market, technology, project size and whether the project is applied ''behind'' the meter or connected to
It is in some ways replicating the business model it has used in the UK, Italy, Australia and Sweden so far—entering equity investment and joint development agreements with local development partners to embark on large
Project stakeholders attend a blessing event to mark the start of construction in August 2022. Image: WEL Networks. Electric power distribution company WEL Networks and developer Infratec have launched their grid
With the invaluable financing support of AmBank, our large-scale battery energy storage project represents a pivotal step toward realizing a shared vision of a greener future.
Netherlands-based developer Giga Storage has obtained the irrevocable permit for the construction of a 600 MW/2,400 MWh battery energy storage system (BESS) project in
The scale of investments in energy storage project finance will continue to dwarf venture capital investments in the sector. It''s also worth noting that non-recourse financing -- i.e., no corporate or personal guarantees necessary — is on the way.
GIGA Storage, a developer, investor, and operator of large-scale energy storage projects, has closed a €300 million (~$340 million) project financing package and commenced construction of the 300 MW/1,200 MWh
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China,
NextEra Energy is actively pursuing large-scale battery energy storage projects, including a 400 megawatt-hour system in collaboration with Platte River Power Authority in Colorado, expected to be operational by late
US developers of large-scale battery storage stations have 18.7 GW of new capacity under construction, according to S&P Global Commodity Insights Market Intelligence data, indicating another strong year for the grid''s electrochemical
NextEra Energy is actively pursuing large-scale battery energy storage projects, including a 400 megawatt-hour system in collaboration with Platte River Power Authority in
The Hagersville Battery Energy Storage park, located in Haldimand County, Ontario, Canada, will be the largest battery energy storage system (BESS) project to date in Canada. The project is expected operational
In total, across American homes, businesses, and utility-scale projects, the United States added 11.9 GW of battery energy storage in 2024, according to the Business Council for Sustainable Energy''s Sustainable
BESS Capacity across Germany and Projected Growth By mid-2024, Germany''s total BESS capacity reached 16 GWh, which included: 13 GWh residential 1.1 GWh commercial 1.8 GWh large-scale systems Germany led
In the United States, the 2022 introduction of the Inflation Reduction Act included an investment tax credit for stand-alone storage. Since then we have seen huge growth in the sector in the US, and we expect to see this to continue into 2025, with several large-scale battery storage projects set to complete in 2025.
In Europe, the EU's Strategic Action Plan on Batteries is promoting the development of innovative, non-lithium technologies to ensure Europe remains a leader in the global battery market. By diversifying energy storage technologies, the EU is safeguarding against supply chain risks and promoting more sustainable solutions.
Nonetheless, BNEF still expects strong demand for batteries, as the policy doesn’t explicitly require mandates to stop. Since the policy announcement, some provinces across China have continued to announce mandates stipulating that new solar and wind projects must be paired with batteries.
New policy introduced in February 2025 requires wind and solar payment mechanisms to move toward more market-based structures, where 100% of wind and solar generation is to be traded in the wholesale market with local governments left to define their own implementation details by the end of the year.
