The Energy Storage Summit EU 2024 heard praise for the UK BESS industry’s approach to “perhaps the most complex energy asset to optimise” from a market perspective.
Gresham House Energy Storage Fund has stated that the UK market is suffering from a “weak revenue environment” due to assets not being able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability.
Government has launched its consultation on its proposals for kickstarting investment into long-duration energy storage (LDES), which includes a cap-and-floor mechanism and excluding lithium-ion from being eligible.
Public consultation has opened on a large-scale solar PV project in Buckinghamshire which is at the early stages of development, by co-owners EDF Renewables UK and PS Renewables.