VFBATTERY REPORT

Applications: Battery Energy Storage Systems (BESS)

Pages 137–173 (37 pages)

Battery Report 2024, page 169: Applications: Battery Energy Storage Systems (BESS)
Text on page 169

Overview Of Global Policy Support for BESS Accelerating Deployment Through Global Initiatives: Governments globally are supporting battery storage through subsidies, targets, and regulatory reforms to accelerate renewable energy integration. More on this topic can be found in the Policy Section of the report. Standardizing warranty practices reduces complexity, mitigates risks, and promotes BESS deployment build investor and consumer confidence. UNITED STATES

Inflation Reduction Act: Up to 50% federal tax credits for battery storage

State-Level Targets: 50 GW of storage additions projected in 9 states over 20 years, including LDES targets in California and Massachusetts CHINA

Surpassed the 2020 national target of 30 GW by 2025; new regional plans target 80 GW by 2025

Mandates storage pairing 1030%) with wind and solar projects; financial incentives like feed-in tariffs and waived grid tariff INDIA

National Framework for Energy Storage Systems: Requires 5% storage for new renewable projects

Waived inter-state transmission charges for 12 years; Viability Gap Funding covers 40% of project costs EUROPEAN UNION

Targeting 45 GW by 2030 through National Energy and Climate Plans

Reforms to eliminate double taxation; mechanisms like Contracts for Difference (e.g., Greece, Italy)

EU Innovation Fund and Recovery Facilities offer financial support Source: Batteries and Secure Energy Transitions World Energy Outlook Special Report, DNV, ESMAP

BEHINDTHEMETER POLICY MEASURES IN SELECTED COUNTRIES

ELIGIBILITY OF BATTERY STORAGE BY TYPE OF USE BY COUNTRY

Extracted from the PDF; charts and images may read imperfectly.

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