Gresham House Energy Storage Fund has seen the EBITDA generated by its portfolio soar to £22.4 million in the first half of this year, jumping from £4.5 million in H1 2020.
Gresham House Energy Storage Fund (GRID) has conditionally agreed to acquire a c.30MW battery project known as Byers Brae.
Thrive Renewables is to acquire a 5MW/7.5MWh battery storage facility from Eclipse Power Generation.
A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea's Hanwha Group.
Frequency response continues to be a key driver of front of the meter storage in the UK, but the market is slowing as it faces numerous challenges.
Gore Street, the UK’s first listed fund targeting energy storage specifically, has acquired two battery storage projects from Origami Energy, taking its portfolio to 29MW across four projects.
National Grid has confirmed its intent to trial distributed energy generators including solar PV as sources of frequency response next year.
Battery storage technology costs will have to fall by a further 30% before projects are feasible without lucrative frequency response revenue, a leading investor has said.