Energy Storage Summit Agenda

• Why is there such a shift towards tolling revenues, and away from optimism around merchant deals? 

• What kind of revenue structure do you need to get the right investment from the financing sector? 

• Risk management for investors in understanding how tolls underpin revenue 

• What makes a toll such an attractive route-to-market in 2026, compared to in previous years? 

• What can new tolling providers offer that fixed or merchant contracts can’t? 

• With power consumption estimated to reach 1,000 TWh by 2026 alone, what key challenges are hyperscalers coming up against now – keeping up with demand, grid constraints, or procurement expertise? 

• Data indicates a regional shift in data centre growth with much capacity located outside of traditional hubs – where do hyperscalers see the future build-out happening? 

• How can providers overcome the disconnect between market expectations and deliverability, and how is the storage industry best positioned to solve some of these bottlenecks? 

• With a slight downturn in the M&A market for energy storage across multiple markets, trends suggest markets are maturing quickly. 
• Why is M&A slowing down – financing complexities vs. market saturation or lack of revenue clarity 
• Do investors of 2025/26 have a preference to acquire operational assets, or do they prefer to have a stake in their development? 
• Examining the trends of whether acquiring development platforms or portfolio businesses vs. high-value acquisitions is preferred by investors 

• How new grid codes and connection frameworks are changing project timelines and risk allocation 
• How capacity auctions and system service markets (FFR, aFRR, PICASSO) are impacting project revenues 
• What developers and investors need from policymakers to unlock the next wave of capacity 

• Which revenue structures, counterparties, tenors, and DSCRs bring lenders to the table — and when do they walk away? 

• What role does debt play in financing energy storage projects in 2026? 

• What are the project finance complexities presented by energy storage now? 

• Where do lenders stand on risk appetite for projects in emerging European markets? 

• How data centres are prioritising securing grid connectivity  

• Can storage provide a reliable alternative to new CCGTs and diesel for powering data centre growth? 

• How storage can help operators manage grid access delays, price volatility, and 24/7 renewable supply 

• What financing and partnership models (own vs third-party) make storage viable for hyperscalers and colocation providers? 

• What technical, regulatory, and permitting hurdles must be overcome for storage to be part of the solution? 

• How are recent energy price trends in the UK and EU reshaping merchant revenues for storage? 

• What forward price curves and volatility assumptions are investors using in 2026? 

• How tariffs, carbon pricing, and geopolitical factors are influencing spreads 

• Are today’s contracts (tolls, floors, PPAs) adequately capturing future price risk — or leaving projects exposed? 

• Unpredictable cost curves and the impact of this on the commercialisation of assets 

• After years of consultations around reforms in the grid connection landscape, zonal pricing and market redesign, what are the next steps to enable more deployment in the UK energy storage sector? 

• What does the outcome of the REMA process mean for storage opportunities in the UK? 

• What would make battery storage a clear and easy investment asset with a clear deployment pipeline for 2026 and beyond? 

• What will the reformed national pricing package entail and how will it affect developers plans for projects delivered under CP2030? 

• Why many early movers fail to reach commercial operation, and which capabilities, from raising capital to EPC execution and OEM partnerships, determine success 
• How investors differentiate between credible platforms and over-extended developers 
• The specific risks facing smaller players in markets like Germany, Italy, and Spain and how they can still compete 

• Contrasting how data centres utilise grid connections compared with TSOs – maximum efficiency vs. reserved capacity  

• Highlighting inefficiencies and potential procurement risks that these differences might cause  

• Issues around unused capacity and ‘stranded assets’, forecasting usage patterns and AI surges 

• Who pays for grid reinforcement to serve hyperscale datacentres? 

• What have we learned from market saturation in more mature markets like the UK and US?  

• What are the implications for European markets in the future and how might these be avoided? 

• What might business cases look like in post-saturation scenarios? 

• What to expect from investments and ROI if saturation happen 

• Are project economics improving through scale, co-location, and hybridisation — or being squeezed by market saturation and falling merchant spreads? 

• With many different complicated energy storage regulations taking place in one of Europe’s key markets, what is happening and when? 

• Grid tariff structures, the Baukostenzuschuss (BKZ), the 2028 capacity market and Flexible Connection Agreements – what is most impactful when thinking about the business case for energy storage? 

• Are government and policymakers creating the right market signals for investment into energy storage in Germany? 

Accurate State of Charge (SOC) is the heartbeat of battery performance—and the foundation of revenue optimization. Yet, even small errors can accumulate into significant financial losses, particularly at large-scale sites.

In this session, we’ll share real-world results from multiple battery sites, where SOC inaccuracies were limiting performance. By providing more accurate estimates, traders can make more informed decisions in real time, increasing revenue and avoiding penalties – without adding additional capacity through augmentation.

Attendees will gain:

• Insight into how SOC errors develop and their hidden financial impact
• A clear methodology for identifying and correcting SOC inaccuracies
• Lessons learned from applying advanced analytics at scale
• Tangible evidence that “getting the numbers right” pays off in both performance and profit

• Understanding the key role that energy trading companies will play in post-MACSE Italy 

• The vital role of traders in strong merchant markets such as Germany 

• Energy trading-as-a-service for BESS – what you need to know 

• Frequently changing cost curves and the impact this has commercialisation and operation of BESS assets 

• Poland and Spain rely on capacity schemes which are subject to de-rating factors, change in power and geopolitical shifts– what happens when these schemes no longer exist? 

• Germany and UK have stronger, but more risky revenue potential based on accessible ancillary services, arbitrage markets and merchant exposure 

• Comparing the benefits of government intervention vs. market-led price signals 

Trade actions and tariffs are reshaping battery and power equipment costs. What does this mean for project CAPEX, price volatility, and delivery risk in Europe during 2026 and beyond? 

• How tariffs and trade remedies are influencing cell, module, pack, inverter, and EPC costs, and how persistent the volatility is likely to be 
• Practical mitigation: multi-sourcing, contract clauses, hedging, inventory strategy, nearshoring, and recycling inputs 
• Evidence from 2025: which trade actions have already moved pricing and lead times in Europe 
• EU regulatory impacts on traceability, sustainability reporting, and recycled content, and how these requirements flow through to cost and bankability 

• With safety considerations able to swiftly derail project deployment, how can industry come together to ensure standards are in place long before problems occur? 

• Assessing the new European Battery Regulation 2023/1542 – is this enough to address existing safety concerns and accelerate deployment? 

• Codes and standards for energy storage globally – which market is setting the precedent? 

The increasing deployment of energy storage systems (ESS) globally requires a focus on understanding their hazards and ensuring reliable safety systems. Every ESS is unique in its dimensions, battery types, goals, location of deployment. Fike will present the dangers & causes of thermal runaway, an unpredictable fire hazard occurring in the lithium battery cells held in an ESS. Backed by years of internal test data, we’ll explore the various layered methods of protecting an ESS and more importantly nearby people that we recommend to mitigate the effects of thermal runaway, which may include fire, explosion and off-gassing hazards.

• Maximising BESS profitability in Europe through forecasting and real-time optimisation 

• SoC vs SoH – what impact is this data having on bidding? 

• How using data analytics efficiently will provide asset owners the edge in a competitive market 

• What are the latest advancements in trading and optimisation tools? 

• Storage as a digital asset – digital twins and EMS 

• Exploring the unique business case for energy storage – what makes a BESS project bankable in Germany? 

• Understanding the reality of merchant revenues and why portfolio performance transparency is critical for asset owners and investors  

• Intraday opportunities, arbitrage and wholesale markets– what have others learned when commercializing BESS assets in Germany? 

• What impact will the UK’s Critical Minerals Strategy have on Europe’s supply chain resilience and onshoring ambitions? 

• How EU initiatives such as the Critical Raw Materials Act and the 2027 Battery Regulation will influence sourcing, recycling, and manufacturing investment. 

• What do these policies mean for project CAPEX, risk management, and investor appetite? 

• Can Europe realistically reduce dependence on imports from China and other global suppliers and at what cost? 

• Technology innovations within fire safety – mitigating thermal runaway, sensors, suppression systems, and deflagration panels 

• Container risk assessments and warranty considerations for energy storage projects in Europe – who takes liability? 

• How do lenders and insurers view the key industry concerns based on recent global incidents of fire safety? 

The UK has set a precedent for LDES in Europe, with final details around the cap and floor scheme being released in March 2025, and the first projects expected to be approved by Q2 of 2026. With batteries dominating the space, no new ‘traditional’ LDES infrastructure has been built in the last four decades, owing to numerous barriers, including high upfront costs. This keynote will examine how the proposed cap and floor regime aims to confront this crucial issue and enable the expansion of LDES and transition to net-zero. 

• With revenue highs and lows across European markets seen between 2022 – 2025, what market predictions are expected for 2026 onwards? 

• Will there be a resurgence of revenues or a downturn in markets such as Germany, Italy, the UK, or Poland? 

• Exploring revenues earned by BESS in Europe in correlation to prices 

• What changes to the revenue stack could be seen in European markets, following owners’ diversification of trading portfolios? 

• Will the first round of MACSE auctions, scheduled for September 2025, bring more clarity for BESS investors looking at Italy? 

• With Terna identifying a target of 10GWh of additional storage capacity by 2028 to be financed through MACSE, how have the auctions performed compared to expectations? 

• What does the future hold for the Italian BESS market? 

• What are the biggest blockers on deployment and execution post-MACSE – from planning and land acquisition, to permitting, construction, and expertise? 

• What recycling challenges will arise as the first wave of utility-scale batteries
  reaches end-of-life — and how can the industry prepare?
• How lifecycle assessments are shaping procurement, financing, and compliance
  decisions
• How operational data on performance and degradation can improve
  warranties, repowering, and second-life planning

• The long-awaited cap and floor scheme, confirmed in March 2025, is expected to bring more revenue certainty to LDES projects in the UK, but what challenges might it also bring?  

• What does the industry think of the potential for investment and viability of the scheme as a long-term instrument?  

• Which technologies have a place in the scheme? 

• Is BESS a contender for long-duration energy storage?