Description
Competition, innovation and oversupply in lithium ferrous-phosphate (LFP) batteries has driven energy storage system costs down, fueling record BESS shipments globally in 2024. But if the battery energy storage (BESS) industry wants to hold on to its market share, it needs to look beyond cost reduction alone and focus on improving performance on the material side.
And with tariffs and trade restrictions currently top of the news agenda, pv magazine’s Vincent Shaw reports on the allure of Morocco for Chinese energy storage manufacturers, an interesting development worth keeping an eye on due to Morocco’s position as a gateway to demand centers in Europe and the Middle East.
On the subject of Europe, the UK is the leader of the battery energy storage segment in the region. As Matthew Lynas reports, only the United States and China had more capacity than the island region by the end of last year.
Others are catching up, however. Aurora Energy Research ranks Italy the most attractive European battery market, and Germany also hosts an impressive pipeline of planned energy storage projects.
Italy is implementing a large energy storage tender (MACSE), the first of which will take place in September, and it is also opening up grid ancillary service markets to BESS as part of its efforts to reach a national battery target of 50 GWh by the end of the decade.
“Storage is where it’s going, that’s clear,” as Bernhard Suchland, CEO of project services provider Sunotec, tells readers this month.
Other topics in this issue:
- Disrupt or be disrupted: Western oil majors cutting back on renewable investments may in fact be a sign of maturity for the solar industry.
- A thorny path: In a fossil-fueled economy, Russia’s solar market is small but tenacious.
- Blending in: A new study examines the best way to improve solar aesthetics on historical buildings.
- EVs and European grids: What will propel the transport transition move forward and integrate?
- USAID crisis: African governments lose more than funding.
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