energy market

Battery Energy Storage Solutions (BESS), an independent system solutions and flexibility services provider, has taken in more than £28 million million in outside investment since November, with plans to target 100MW of UK projects.

With the release of the most recent Capacity Market pre-qualification register, the UK’S utility-scale battery storage pipeline has now reached nearly 8GW. Solar Media market research analyst Lauren Cook takes a deep dive into the projects that made it through pre-qualification, and what these results mean for the projects likely to get built in 2018.

Good Energy has unveiled Origami Energy as the aggregator partner working on the company’s new battery storage solution, which last week signed up its first commercial customer in the Eden Project.

Northern Powergrid is to plough £1.9 million into the creation of a smart energy grid across its network, allowing its eight million customers to trade power and services using their home solar and battery systems.

Centrica will “most likely” install up to 100 residential energy storage batteries in selected homes in Cornwall, alongside new installs of solar panels if they are not already in place, as part of its local energy market (LEM) programme.

The majority of UK respondents to the largest survey of attitudes towards green energy ever conducted would like to see more solar power used compared to other generation technologies.

Solar and other renewables will generate more than half of all electricity in the UK by the mid-2020s according to a new study by Bloomberg New Energy Finance and Eaton, which expects the cost of the technology to more than halve by 2040.

Home battery storage company Moixa is to expand its GridShare aggregation platform to include third party units for the first time after securing over £250,000 from the UK government.

The UK’s large-scale battery storage installations have reached 100MW of capacity, made up of around 50 individual sites larger than 250kW. However, as Solar Media Market Research analyst Lauren Cook explains, data from the UK Battery Storage Project Database report shows that this is just the beginning, with revenue stream patterns emerging to show how projects are proving to be successful.

Investors in renewable energy technologies have had to undergo “a journey” from the fixed revenue offered by traditional solar projects to the “grey area” of energy storage revenues.