Restrictions on the energy storage industry

Should energy storage be a private sector investment?

The majority of our respondents believed that investments in energy storage will be driven by the private sector although several respondents believed that a mixed consortium of investors would be wise in order to avoid the development of monopoly interests or transient investors controlling the market a view echoed by (Crampes and Moreaux, 2010).

How many states have energy storage policies?

Around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaption, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

When will long duration energy storage be available in Ireland?

The Irish Electricity Storage Policy Framework, published after this data was collected, indicates that an immediate route to market for 500 MW of long duration energy storage is currently being developed, with further studies planned to support long duration storage from 2030 to 2040 (Government Of Ireland 2024a).

What are the rules for renewables in capacity markets?

Rules for renewables in capacity markets vary: Belgium, Northern Ireland, Poland, the UK, and Italy prohibit renewable support if entering the market, while France and Ireland reduce renewable energy support payments based on capacity revenues, and Lithuania offers no renewable energy support scheme currently (Kozlova et al., 2023).

Does energy storage reduce energy costs?

While the survey respondents mostly agree that energy storage is a good method of reducing costs to end customers, a study using Irish data concluded that energy storage reduces production costs, but leads to a greater increase in wholesale electricity prices, and therefore increases costs to consumers (Nyamdash and Denny, 2013). Fig. 3.

What are some issues relating to limited second stage energy policies?

Much of the focus group policy discussion raised issues related to limited second stage policies, including the lack of a national storage policy, the absence of regulation and a mismatch between current policies and national energy priorities.