Is Belgium a good place to invest in battery storage?

Belgium is one of the most active and mature grid-scale energy storage markets in Europe, with diversified opportunities for monetising battery storage via flexibility markets and a supportive regulatory regime.

What is the D-Stor battery storage project in Belgium?

A digital illustration of the D-STOR battery storage project in Belgium. Image: BSTOR. Project owners BSTOR and Energy Solutions Group have started building separate BESS projects totalling 440MWh of capacity in Belgium, following financial close, both of which will use Tesla Megapacks.

What is the future energy policy in Belgium?

The policy aims to balance three main objectives: reducing energy consumption, expanding reliable energy capacity and enhancing the competitiveness of the Belgian industry, which faces high energy prices. Key elements of the future energy policy include:

What will Belgium do to improve energy prices?

Price monitoring will be intensified, and the CREG will expand its analysis of energy prices in export markets to ensure competitiveness. The government also announced continued efforts to make energy invoices more transparent. Hydrogen: Belgium aims to position itself as a hub for hydrogen and its derivatives.

What is the largest battery energy storage system in the world?

It is the site of the largest permitted battery energy storage system (BESS) on the continent at 2.8GWh, one of the largest under construction at 800MWh, and two under-construction projects announced last week will add another 440MWh to its growing operational capacity.

Is ESG financing a Bess project?

In concurrent news, independent power producer (IPP) Energy Solutions Group (ESG) has completed financing and launched construction on its first large-scale BESS project in Harmignies, in the Wallonia region of Belgium. The news was announed by law firm Loyens & Loeff, which advised ESG on the financing.