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.
Statkraft, one of Europe’s largest renewable power generators, has agreed a “forward trade” for a Statera Energy battery asset in what has been called an “industry first” by the companies.
Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.
