Origin Energy approves 300MW battery storage
The 300MW/650 megawatt-hour (MWh) battery energy storage system (BESS) project is expected to be operational in late 2026. Credit: Origin Energy. Australian utility Origin Energy has approved the construction of a
The MENA region – the next hot market for energy storage
The rapid growth rate of energy storage in the MENA region, led by the GCC, is surprising many analysts. Saudi Arabia, in particular, is set to be the third biggest global BESS
How Italy is Driving BESS Investment
The most relevant recent development for BESS operators in the Italian market is the introduction of MACSE. MACSE is a new capacity auction which offers 15-year contracts for energy storage projects. The first MACSE
Hungary providing €155 million for energy storage deployments
A government minister and executives from renewable energy firm MET Group at the site of a BESS in Hungary in September 2022, the first in the country to use Tesla
Unlocking the potential of BESS in Sweden''s evolving market
Henrik Krogsæter, Product Manager for On-grid applications at Pixii explains ROI of BESS in Sweden Leverage the market opportunities BESS investments in Sweden thrive when
Hungary Activates Largest Battery System Near Budapest
Hungary has taken a significant step forward in its energy transition with the inauguration of its largest standalone battery energy storage system (BESS). Located near
Understanding IRR Calculation for Battery Energy Storage Systems
IRR Definition: Internal Rate of Return (IRR) represents the discount rate at which the Net Present Value (NPV) of a project''s cash flows equals zero, offering insights into
Hungary''s energy storage tender: How the upcoming
The Hungarian authorities have recently announced the winners of the energy storage tender that was open in January and February of this year. The winners are expected to complete 50 projects by 2026 with a total capacity of 440 MW
The rise of bankable BESS projects in Europe
As the renewable energy sector rapidly evolves, battery energy storage systems (BESS) are emerging as a critical pillar for decarbonization. However, with capital constraints and rising market
BESS the Linchpin for Asia''s Renewable Energy Targets
Final thoughts Asia Pacific is the largest market for BESS and is expected to be the fastest growing moving forward. Several countries are now seeing a disconnect between renewable energy projects developed or under
Hungary powers up largest battery storage system near Budapest
Hungary has just switched on its largest battery energy storage system (BESS) to date, stepping up its role in Central Europe''s growing grid-scale energy transition.
Unlocking the potential of BESS in Sweden''s evolving
Henrik Krogsæter, Product Manager for On-grid applications at Pixii explains ROI of BESS in Sweden Leverage the market opportunities BESS investments in Sweden thrive when operators adopt a comprehensive approach to leveraging
UK: over 17GWh of BESS due to connect to grid in
The 500MW/1,000MWh Coalburn project in Scotland, UK, currently under construction. Image: CIP. Despite a 12% year-on-year fall in the capacity of newly submitted planning applications in 2024, there is still a strong
Charging ahead: Hungary''s newly introduced rules fuel co
These regulatory advancements provide much-needed clarity and support for the development of co-located BESS projects. This approach not only enhances grid stability but
BESS in Germany 2025 and Beyond: Use Cases,
BESS Revenue Models German BESS revenues fell below 100 €/kW/yr in Q1''2024 due to mild winter and weak gas prices. By Q3, revenues recovered above 150 €/kW/yr, supported by market volatility and automatic
Competitive Bidding for Battery Energy Storage
The Ministry of Energy Transition and Water Transformation (PETRA), through the Energy Commission (EC), has launched an open bidding program for the acquisition of Battery Energy Storage System (BESS) capacity
Choosing the Best BESS for Maximum Profitability
A truly profitable BESS investment isn''t just about upfront costs— it''s about maximizing revenue, minimizing risk and ensuring long-term financial returns. The right decision-making framework
Hungary s BESS Capacity Expansion Powering a Sustainable
Summary: Hungary is rapidly scaling its battery energy storage system (BESS) capacity to stabilize its grid and integrate renewables. This article explores the country''s latest projects,
The MENA region – the next hot market for energy storage!
The MENA region is starting to witness a drastic increase in large-scale battery energy storage systems ("BESS") projects, accompanying a soaring penetration of renewable
Battery Storage Era: 5 Reasons BESS Is Supercharging the RE
Battery costs have fallen down substantially by over 90 percent in recent years to make energy storage an attractive investment for the solar and wind project developers.
BESS Pros Survey: What Matters Most to BESS
Executive Summary To gain insights into the most pressing concerns within the battery energy storage sector, we surveyed 83 engineers, technicians and asset managers for the "BESS
3 FAQs about [Expected ROI of BESS project in Hungary 2026]
Will MAVIR's new support scheme boost electricity storage in Hungary?
Due to recent changes to Mavir’s operational code, the transition of granted grid connections from photovoltaic power production to BESS projects will be allowed. This new support scheme is expected to provide a necessary boost to electricity storage in Hungary.
What is a Bess project?
Based on Government Decree 382/2023 (VIII 14) of Hungary, the approach to electricity production and consumption from renewable energy sources has taken a new turn: BESS projects are now among those investments the government intends to support with financial incentives.
What is the EU CAPEX support scheme in Hungary?
In 2023, the EU approved a €1.1 billion (US$1.2 billion) capex support scheme in Hungary to kickstart the country’s large-scale energy storage market.