Unlocking Energy Storage: Revenue Streams and Regulations

Published

Nov 04 2024

Written By

I am a partner and member of both our international Energy and Utilities Sector Group and our Regulatory and Administrative Practice Group. What sets me apart is my in-depth legal expertise in combination with a keen sense of the challenges faced by industries which have to succeed in a largely regulated environment.

Sectors

The global energy storage market is experiencing rapid growth, driven by the increased demand for renewable energy integration and grid stabilisation. By 2030, the global energy storage market is projected to grow at a compound annual growth rate (CAGR) of 21%, with annual energy storage additions expected to reach 137 GW (442 GWh).

Our inaugural report takes a global perspective on the role of energy storage systems in the clean energy transition and provides an overview of the energy storage market across key jurisdictions globally, sharing revenue streams, regulations, key innovations and technologies in the market to consider.

At Bird & Bird, we assist energy storage businesses in navigating complex regulatory frameworks, securing project financing, and ensuring compliance with environmental laws. Our expertise spans drafting contracts for the construction of large-scale energy storage facilities and energy sales, providing financing advice, technology licensing, protecting intellectual property, and managing risks throughout the entire lifecycle of energy storage projects, regarding all legal aspects.

Click here to read the report