balancing mechanism

Flexitricity’s Dr Alastair Martin discusses how BESS’ can mitigate the impact of negative energy prices in the UK.

Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

Electricity Storage Network (ESN) has released an open letter to National Grid ESO highlighting concerns over the Balancing Mechanism (BM) which has seen an average skip rate of 80% for batteries between November 2022 and May 2023.

Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.

Two UK battery energy storage systems (BESS) under development by Japanese engineering firm Nippon Koei’s Netherlands-based subsidiary have reached financial close.

Gore Street Energy Storage Fund saw its NAV increase 192% in the year ending March 2021, as its portfolio continued to expand to 440MW.

JLEN has acquired 100% of an equity stake in Gigabox South Road Limited (GSRL), a company which holds the development rights to construct the 50MW West Gourdie project.

Gresham House Energy Storage Fund (GRID) has conditionally agreed to acquire a c.30MW battery project known as Byers Brae.

Gresham House Energy Storage Fund (GRID) has completed the acquisition of the 50MW Wickham battery project for £32.75 million.

Lauren Cook, analyst at Solar Media Market Research, explores the detail behind the data in the UK’s battery storage market, as new applications continue to swell.