Energy storage offers a range of opportunities for standalone developers, generators, network operators and consumers (ranging from large energy users through to domestic consumers) and other electri.
Does energy storage need a regulatory framework?
Our review demonstrates that no jurisdiction currently provides a comprehensive regulatory framework for energy storage, with the majority of jurisdictions currently allowing storage to be defined as “generation” for the purposes of licensing and other regulatory requirements.
Which energy storage technologies are being installed?
As is evident from our survey, a range of energy storage projects have been installed or are due to be deployed in the majority of jurisdictions; and whilst battery technologies are receiving the bulk of industry attention at present, a range of technologies have been, and are due to be, installed, pumped hydro storage in particular.
How do leasehold-type land rights affect a storage project?
For leasehold-type land rights, the rental arrangements may influence the usage of the storage project. Some landlords may also require technology-specific protections to be included in the documentation, for example in relation to contaminated land issues.
Why is energy storage important?
Energy storage has become an area of focus in many jurisdictions across the globe due to its potential to offer a wide range of benefits to electricity systems. This Expert Guide brings together analysis from our legal experts across 22 jurisdictions.
What is a standalone energy storage project?
Standalone energy storage projects are increasingly utility-scale installations. For example, a battery array can provide a range of services, including ancillary services, to the system operator or network owner. This type of project allows for the deferral of network reinforcement works or islanded networks.
What is energy storage & how does it work?
These systems enable consumers to draw energy from the grid, and store it for later on-site use or to enable better use of any onsite generation, such as rooftop solar. Energy storage is not new – the scale of pumped hydro deployment across the globe is significant.