2025 energy storage bidding

Will the storage market grow in 2030?

With the intention to more than double solar and wind capacity by 2030 (and co-location becoming increasingly more common), the storage market is expected to grow strongly to 2030 as energy price volatility increases. This will bring opportunities for standalone projects and projects co-located with these renewable assets.

Why was the energy storage roadmap updated in 2022?

The Energy Storage Roadmap was reviewed and updated in 2022 to refine the envisioned future states and provide more comprehensive assessments and descriptions of the progress needed (i.e., gaps) to achieve the desired 2025 vision.

How many MW of FOM projects co-located with renewables are connected in 2023?

Around 300 MW of FoM projects co-located with renewables got connected in 2023, mainly in Germany. This is around 40% of the cumulative capacity of projects co-located with renewables. The average duration of >10MW FoM projects connected in 2023 is around ~ 1.5 h, up from around 1.3h in 2022.

How long will FOM projects be connected in 2023?

The average duration of >10MW FoM projects connected in 2023 is around ~ 1.5 h, up from around 1.3h in 2022. Potential fears of a short-term material unavailability are easing, as the output of critical raw materials for storage is increasing at a higher-than-expected pace.

What happened to storage installations in 2023?

Storage installations in 2023 were a peak that will likely not be seen again in the short-term. In Germany, as stock availability for Solar PV and batteries improved in 2023, the market was able to meet a lot of the extreme unserved demand from 2022, reaching an extremely high peak of more than 500k installations.

How long will a co-located battery last in 2022-2023?

With revenues from ancillary services in mature markets becoming less certain, storage duration has been on an upwards trajectory since 2021 to target wholesale markets. 2h+ duration is common for projects connected in 2022-2023. Co-located batteries are often installed with conventional generation, such as fossil-fuels, nuclear and hydro.