Key Highlights of the Two day Energy Storage Summit EU 2025
The Energy Storage Summit EU 2025, held on February 18-19 in London, brought together industry leaders to discuss pivotal topics shaping the energy storage sector. Key highlights from Day Two include:
1. Co-location and Market Opportunities:
- Co-location with Renewables: Discussions emphasized that integrating battery energy storage systems (BESS) with renewable energy sources remains underutilized in Europe, presenting significant growth potential.
- Emerging Markets: While the UK and Germany lead in energy storage deployment, countries like Italy and Poland are gaining attention due to favorable regulations and market depth. The Nordic countries and Spain also present promising opportunities. Energy Storage News
2. Long-Duration Energy Storage (LDES):
- Lithium-Ion's Role: Experts discussed the potential for lithium-ion batteries to meet Great Britain's long-duration energy storage needs, with projections indicating a demand for systems capable of 10-hour durations or more in the coming decades. Energy Storage News
3. Market Dynamics and Pricing:
- Impact of Solar PV on Pricing: The UK's Contracts for Difference (CfD) scheme is increasing solar PV installations, potentially leading to more pronounced "duck curves" and negative daytime electricity pricing. This scenario underscores the value of batteries in shifting energy to peak periods, enhancing financial models for renewable assets. Energy Storage News
4. Revenue Models for Energy Storage:
- Storage PPAs and Tolling Agreements: The summit explored the evolving landscape of revenue models for energy storage, including the use of tolling agreements and storage-specific power purchase agreements (PPAs). These models can provide stable income streams and mitigate market volatility risks for storage operators. Energy Storage News
5. Supply Chain and Grid Connection Challenges:
- Component Supply and Workforce Bottlenecks: While BESS component availability has improved, challenges persist in grid connections, transformer supply, and workforce shortages, which can hinder project deployment timelines. Energy Storage News
- Grid Connection Delays: The industry continues to face significant delays in securing grid connections, with some projects experiencing curtailment even after connection, highlighting the need for systemic reforms. shoosmiths.com
6. Safety and Risk Management:
- Fire Risk Mitigation: Sessions addressed the importance of proactive measures to reduce fire risks associated with energy storage systems. Innovations in technology, software, and analytics, along with the involvement of insurance companies, are crucial in ensuring safety and sustaining industry growth. storagesummit.solarenergyevents.com
The summit underscored the dynamic and evolving nature of the energy storage industry, highlighting both the opportunities in emerging markets and the challenges that need to be addressed to facilitate continued growth and integration of energy storage solutions across Europe.
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