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.
Developer Innova has been granted planning permission for a 400MW/800MWh battery energy storage system (BESS) in Cumberland, UK, while Banks Renewables has sold a 2,900MWh BESS project to West Burton Energy.
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.
Renewable energy company Good Energy has seen its H1 2023 revenue increase by 45.6% year-on-year (YoY) driven by higher tariffs due to high wholesale power and gas costs.