How much energy storage does Ireland have?
Image: ESB. ESB Networks has announced that Ireland’s electricity grid now has 1GW of energy storage available from different energy storage assets. This figure includes 731.5MW of battery energy storage system (BESS) projects and 292MW from Turlough Hill pumped storage power station – which is celebrating its 50th anniversary this year.
How will long-term storage technology impact Ireland's power system decarbonisation?
New and emerging long duration storage technologies will play a critical role in delivering an affordable, fully decarbonised power system to the people of Ireland. #1 We have a problem: The amount of wasted renewable energy in Ireland is projected to increase exponentially as we attempt to deliver on our power system decarbonisation targets.
What is Ireland's energy storage policy?
This is the first electricity storage policy published in Ireland. The Irish Government’s Climate Action Plan 2021 set out the need for an energy storage policy for Ireland to support 75% reduction in power sector CO2 emissions by 2030.
What storage technologies are needed in Ireland?
Currently the two key storage technologies in Ireland are short duration battery storage and pumped storage hydro. Both are established technologies and batteries especially are modular and have short build times. However, the future system may need additional storage technologies to encourage an optimal generation mix.
Why are Ireland's storage assets'stuck' in planning & grid development processes?
There are significant delays in the planning permission and grid development processes in Ireland. This is significantly impacting the deliverability of projects as they get ‘stuck’ in processes. Currently storage assets in Ireland earn on average 80% of their revenues from the System Services market.
How much do storage assets earn in Ireland?
Currently storage assets in Ireland earn on average 80% of their revenues from the System Services market. This market is currently undergoing a move from a regulated tariff-based approach to a competitive procurement process. During this transition there are many uncertainties leading to low investor certainty.
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