battery storage

According to the latest statistics from MSC, battery storage installations rose by 707% year-on-year in March 2024

GridBeyond has indicated that investors are progressively embracing the potential of battery storage while managing associated risks.

According to Modo Energy, average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 to £2.5k/MW.

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.

Harmony Energy Income Trust has energised two grid-scale BESS assets, including one of the same size as flagship ‘largest project in Europe’.

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.

Bluefield Solar Income Fund (BSIF) has seen its renewable generation production increase by 22% year-on-year (YoY) to 836GWh.

Quinbrook Infrastructure Partners has raised £620 million for a UK-focused renewables fund, with solar, storage and flexibility assets a key focus.

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.

SSE Energy Solutions has entered into a MoU with the West Midlands Combined Authority to collaborate across new solar projects throughout the region.