Top Battery Storage Projects in Europe to Look out for in 2022.
The EU has stated its ambitious goal of having more than half of Europe run on renewable energy by 2030 and reducing carbon emissions by 2050. To achieve this, they will need to invest heavily in renewable energy sources, including solar and wind power. But to make this investment more sustainable, renewables would have to be stored for later use to provide power supply during excess energy demands. The storage process can be done on the grid and individual buildings levels, which has made Europe a renowned home of energy storage technologies.
Europe's Battery Storage Race and Why it Matters.
The EU policy framework outlines the correlation between energy storage and climate change, explaining the Government's decarbonization plan to secure a sustainable, competitive, and affordable energy supply in Europe. The policy targets areas of interest like decarbonization and energy efficiency amongst other "green" measures, making battery storage and manufacturing a supported initiative.Benedikt Sobotka, a co-chair of the Global Battery Alliance, stated in an article - that a £1 billion investment made by automaker Nissan in a Gigafactory plant in England was critical in increasing battery manufacturing and the role of the technology in EU's energy transition.However, battery manufacturing processes can be cumbersome and not very sustainable, which puts a dip in energy storage. Thus, a solution could be providing a responsible means of battery manufacturing, such as recycling and safe working environments.
Based on the growing need for energy storage, lithium-ion batteries are expected to dominate the market, and their production is expected to increase in Europe.However, there's still a significant amount of energy storage projects carried out by top energy companies and industries on the continent.
Five European Energy Storage Projects to Keep an eye on.
Here's a round-up of some energy storage projects to look out for in 2022.
Battery energy storage systems have been scheduled for installation by Siemens Energy and Fluence in Lithuania. Siemens Energy is an American-German energy company, and Fluence is a global leader in energy storage, operating along nearly the entire energy value chain. A report by epsog stated that the German company - Siemens Energy in Lithuania and Fluence Energy had won an international tender for the procurement launched by Energy Cells for the system installation services and energy storage technology. The agreements are worth a total of EUR 109 million.This involves maintenance services for 15 years after installing, designing, and installing four transmission energy systems totalling 200 Megawatt power and 200 Megawatt-hours capacity by November 2022.The design of the energy storage system is expected to be completed in February 2022 and become operational in November of the same year.
This is a 100 MW solar plant project kicked off by Iberdrola and located in Ciudad Real, Castile-La Mancha, Spain. It is expected to have a rated battery storage capacity of 20 MWh, and it will be complemented with a Hydrogen power plant.Iberdrola has described an investment of 150 million euros, with the projection of off-shooting greenhouse gas emissions of 48,000tCO2/year and creating about 700 jobs with implementing this power plant project.
The project will also have several clean tech innovations incorporated into the entire system. This battery energy storage project was announced in 2019 and will be commissioned in 2022, and will be a massive leap for the Spanish in encouraging renewables.
Belgium isn't as rich in natural energy sources as fellow European countries like Denmark. In fact, Belgium has no natural energy sources. But some limited renewable energy potential.This makes the reliance on natural gas and other non-renewable forms of energy the sole factors in energy production, which are usually gotten through importation.Nevertheless, a report by Nrstar stated; Trafigura Group Pte Ltd ("Trafigura"), one of the world's leading independent commodity trading companies, has announced the first live project by Nala Renewables, its newly formed joint venture company with IFM Investors. An investment of up to EUR30 million will be made to develop one of Belgium's largest Battery Energy Storage Systems ("BESS") at Nyrstar's zinc smelting facility in Balen.This energy storage project in Balen will be a lithium-ion battery storage system of 100 MWh. One of the major reasons for this project commission is to ensure a stable and efficient Belgium grid while working towards a near renewable future.It'll be interesting to watch how well this project unfolds in a country with limited access to renewable energy.The Nyrstar-Balen Zinc Smelting Facility – Battery Energy Storage System was announced in 2021 and will be commissioned in 2022.
Fluence once more takes another spot on upcoming battery energy storage projects to watch out for. Recently, ESB and energy storage experts Fluence announced details of a 75 MW / 150 MWh energy storage solution at ESB's plant in Poolbeg in Dublin and a 30 MW / 60 MWh project at a second ESB plant at South Wall in Dublin, from their (Fluence's) company website.The project aims to replace many grid services that would otherwise be powered by fossil fuels. This new slated project shows the commitment both parties have brought in ensuring a brighter future with renewables and affordable, reliable energy. Ireland has had big wind and renewable energy targets and shows improvements and investments in energy storage. With over 2.5GW of grid-scale battery storage in development in Ireland, six projects currently operational in the country and four of which were added in 2021- Energy storage news, it's evident to say Ireland will keep facing their renewable energy goals head-on.
Drax is an energy company in the UK dedicated to clean energy and sustainability. Their power station is the UK's largest and accounts for about 6% of its electricity needs.However, the Drax Power Station was announced in 2017; it isn't in operation yet. This project is scheduled for 2023 with the goal of tackling problems faced by the energy grids in terms of efficiency and reliability.This large biomass power station is in North Yorkshire, England. Like most energy storage projects, it aims to ensure efficient grid services in Britain's electricity which range from supply to distribution.
A report from their press release quotes Andy Koss, CEO of Drax Power, said:"We are at the start of the planning process, but if developed, these options for gas and battery storage show how Drax could upgrade our existing infrastructure to provide capacity, stability and essential grid services, as we do with biomass. This would continue to keep costs low for consumers and help to deliver Government's commitment to remove coal from the UK grid.From battery storage projects commissioned in a region with low access to renewable energy to energy storage projects set up by world-leading energy companies (Fluence), the undeniable truth remains - the use for this battery storage is sure to increase grid efficiency and improve decarbonization in Europe.It streamlines the gap between efficient grids and quick distribution in a major crisis. And such ambition is also seen in other notable projects like:
- Enel's three massive energy storage projects in Europe.
- AEG Power, combining Battery energy storage and power-to-heat.
With these massive energy projects coming up, we're left with one question."What could possibly be the future of battery energy storage in the European continent?"
In Conclusion, What is the Future of Battery Energy Storage in Europe?
Countries in Europe like the United Kingdom and Germany have large energy storage capacities. Power tech research has outlined that the United Kingdom leads other countries in Europe regarding storage capacity. And then, followed by Germany, Spain and Ireland. The EU's energy storage market is expected to grow at a compound annual growth rate (CAGR) of approximately 4.2% between 2022-2025. While the global energy storage market size is expected to reach $26.81 billion in 2028, having a CAGR of about 16.5% from 2021.These numbers show the possibility of Europe's energy storage dominance. Although Europe might not be leading the world in battery storage capacity and growth just yet, their path towards battery energy technology domination is sure to be on track as they progress.