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Multi-market battery development with Erik Strømsø (CEO @ BW ESS)
Episode 1
Published 10 months, 2 weeks ago
Description
Building large-scale battery storage is much more than securing capital and selecting technology. Success hinges on navigating market rules, regulatory timelines, permitting, grid connection challenges, and talent gaps - each of which varies from one country to another. Developing in a single market can alreadt present complexity. Expanding across borders introduces a new set of operational and commercial challenges, but it also unlocks huge opportunity.
In this episode of Transmission, Quentin is joined by Erik Strømsø - Chief Executive Officer at BW ESS. Erik discusses how BW ESS has adjusted to different grid codes, policy timelines, and market signals, and why success often means building a local strategy within a broader portfolio vision. Whether it’s managing duration risk in the Nordics, securing interconnection in Italy, or navigating regulatory change in Germany, this episode offers a real-world look at what it takes to build flexible, investable storage in today’s fragmented energy landscape.
Key topics include:
- Why the UK led the early storage build-out: Market liberalisation, merchant opportunities, and a clear policy signal made the UK the launchpad for battery investment.
- How different European markets compare: What sets Sweden, Germany, and Italy apart in terms of project bankability, permitting, and revenue models.
- Scarcity as a competitive edge: How grid connection constraints and market friction can work in a developer’s favour - if approached strategically.
- The bottlenecks no one talks about: Why access to qualified people and institutional knowledge is one of the most critical limits to scale.
- Contracting and capital discipline: How a long-term investor approaches merchant exposure, offtake, and project risk in high-growth markets.