BESS Routes-to-Market in Europe: Merchant, Capacity, and Tolling — What Works Where

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Recording from Tuesday, March 31, 2026 | Battery Business & Development Forum | Language: English | Duration: 70:10 .

Revenue models for battery storage are evolving — but not all of them are equally reliable, scalable, or financeable. This session breaks down the three dominant routes-to-market in Europe and examines where they work in practice, how they are structured, and what risks they carry.

What you will discuss:

  • How reliable merchant revenues really are over a 10-year horizon and which assumptions are often wrong

  • Whether capacity markets provide meaningful downside protection and if models like Poland could work elsewhere

  • How tolling agreements are actually negotiated: key risk allocation, pricing challenges, and deal-breakers

  • What makes structured offtake agreements “bankable” and where negotiations typically fail

  • Which routes-to-market are currently viable in Germany vs. other European markets

Moderation

Ulrike Gunnemann
Managing Director
Electric Blue

Speaker

Anna von Bremen
Partner
Head of Energy Innovation
Osborne Clarke

Eva Zimmermann
Senior Research Associate
Aurora Energy Research

Carlos Perez Linkenheil
Global Head of Reports
AFRY Management
Consulting

Daniel Schwarz
Senior Structured Originator
ENGIE

Flip van der Weijden
Head of Growth
Return Storage

Semih Oztreves
Chief Commercial Officer
Network Infrastructure, Zenobē

Rémi Mahoudeaux

Michal Swol
Chief Investment Officer
R.Power

Further Content
Battery Business & Development Forum
Global Supply Chains – Ensuring Access to Critical Raw Materials for BESS for Europe

Wednesday, April 1, 2026 9:00am–10:15am

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This session looks at measures taken to make the EU more independent in sourcing critical raw materials for BESS components and how the framework conditions to facilitate recycling and circular economy in BESS need to evolve.

Battery Business & Development Forum
Interactive BESS Lab: Structuring and Financing Storage Projects in Europe

Wednesday, April 1, 2026 9:00am–10:15am

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This interactive session moves from discussion to application. Based on real-world assumptions, analysts present two battery storage projects — one stand-alone and one co-located with PV.

Battery Business & Development Forum
Hybridisation of Solar PV with BESS in Europe – the Best Alternative to Stand-Alone?

Wednesday, April 1, 2026 10:45am–12:00pm

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This session explores the regulatory, technical, and commercial advantages of hybrid renewable assets across Europe.

Battery Business & Development Forum
Deep Dive Europe 2: Made in Europe – How to Build a Competitive European Manufacturing Base

Wednesday, April 1, 2026 10:45am–12:00pm

premium account

This session unpacks EU policies such as NZIA, CISAF and EU-made bonuses, addressing competitiveness, skills, and raw material challenges.

Battery Business & Development Forum
Start-up Pitch Session | New Players in BESS: Technologies, Business Models and Market Entry

Tuesday, March 31, 2026 5:10pm–6:00pm

premium account

Each company gives a short pitch, followed by brief discussion and feedback from the moderator.

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