Applications: Battery Energy Storage Systems (BESS)
Pages 137–173 (37 pages)
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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