Tag results for 'Power Law Committee eBulletin February 2024'
Power Law: Editorial February 2024
John Vellone, Newsletter Editor of the IBA Power Law Committee introduces the latest collection of articles from Committee members.
Released on Feb 19, 2024
The rise of utility-scale storage in Canada
Utility-scale energy storage in Canada is undergoing a transformative shift, marked by a surge in market engagement over the past three years. In Canada, provinces wield a strong constitutional authority in energy matters. Ontario, the country’s most populous province has taken a pioneering stance in addressing increasing energy demands and an imminent capacity shortfall. The Independent Electricity System Operator (IESO) has embarked on ambitious procurements to secure a significant future capacity increase of utility-scale storage. The evolution of storage technology, coupled with public investment and policy updates, underscores its pivotal role in decarbonisation, cost reduction, and grid resiliency.
Released on Feb 19, 2024
Italy: the rise of utility-scale energy storage technologies
Energy transition – the need to achieve progressive and complete decarbonisation by 2050 – presents Italy with important challenges in increasing energy production from renewable resources on the one hand, and the necessary progressive increase in the availability of utility-scale energy storage capacity on the other. The Italian legislator has acted to guarantee a long-term supply system of new storage capacity by introducing a mechanism based on competitive, transparent and non-discriminatory auctions. The system recognises the right to an annual remuneration, in exchange for the provision of the awarded capacity as part of the national energy market.
Released on Feb 19, 2024
The rise of utility-scale energy storage technologies in Mexico
This article addresses Mexico’s strides in energy storage amid a lack of clear legislation. With a focus on renewable sources, it highlights the nation’s 31.2 per cent installed capacity for renewable electricity generation. Despite growth, challenges persist, including the absence of defined legal frameworks and regulatory bodies. Many businesses adopt energy storage, but hurdles such as transmission rates and market limitations hinder cost-effective deployment. The text emphasises the global urgency for regulatory clarity, highlighting Mexico’s role in lithium resources. It concludes by noting a 2019 Draft Legislation/Bill that has not yet been published, underlining the immediate need for comprehensive regulation to bolster sustainable energy practices in Mexico.
Released on Feb 19, 2024
The rise of utility-scale power storage technologies in Pakistan
Renewable energy is heavily reliant on environmental conditions, making energy storage technologies crucial in addressing this challenge. This article discusses the increasing use of utility-scale power storage technologies in Pakistan and the associated legislative framework.
Released on Feb 19, 2024
Insights into the legal environment for large-scale energy storage in Poland
Given the need to decarbonise the Polish economy while maintaining grid stability, energy storage is expected to become an essential element of the Polish energy sector in the next few years. The current legal framework already provides a basis for starting operations in Poland and participating in the rapidly growing market. Further legislative changes may be expected to facilitate the development of the market.
Released on Feb 19, 2024
The Portuguese legal framework on utility-scale energy storage technologies
This article briefly analyses the Portuguese regulatory framework for utility-scale energy storage technologies, in order to highlight the strategies that have been followed. A critical analysis is conducted, underlining the importance of energy storage for the future of climate neutrality.
Released on Feb 19, 2024
Switzerland: the rise of utility-scale energy storage technologies
Switzerland has been relying on pumped storage to release power on the grid when needed for decades, and laws have been tailored to support this technology. The trend is not expected to slow down. Nevertheless, Switzerland is certainly not turning a blind eye to more recent supplementary technologies, considering the shifts in power production. Public funds are being invested in a wide range of projects, and the industry (from major power producers to startups) is dedicating large teams to develop their own storage solutions. A wide range of new storage technologies are being developed, although it remains to be seen when they will become ripe for utility-scale application.
Released on Feb 19, 2024
Thailand’s emerging energy storage sector
There are currently few grid-scale energy storage projects in Thailand, although the situation is likely to change. In furtherance of its commitments under the Paris Agreement, the Thai government has enacted policies which envisage renewable energy accounting for the majority of grid capacity and output by 2040. With ongoing deployment of variable renewable energy technologies, such as solar and wind power, the opportunities for energy storage projects will increase. Long-term plans to liberalise the Thai power market will further accelerate deployment.
Released on Feb 19, 2024
Turkey: the rise of utility-scale energy storage technologies
There is a global shift towards renewable energy due to the depletion of fossil fuel reserves. Investments in solar and wind projects focused on grid stability are on the rise. Turkey, closely monitoring energy sector trends, has long supported renewable energy investments, resulting in increased installed capacity. This article highlights legal provisions promoting the expansion of renewable energy investments with storage systems, aligning with Turkey’s strategic goal of achieving net-zero emissions by 2053.
Released on Feb 19, 2024