Listed fund Gresham House Energy Storage Fund (GRID) has completed a third-party equity funding of £8.6 million to finance the augmentation of the combined 50MW Glassenbury projects.
The UK’s National Energy System Operator (NESO) has issued a proposal that, if approved, would see the transmission impact assessment (TIA) threshold rise from 1MW to 5MW.
Global grid infrastructure and energy storage must step up to avoid delaying 2030 targets, a report by the International Renewable Energy Agency (IRENA) says.
Gresham House Energy Storage Fund (GRID) expects full year operational portfolio revenues of about £42 million, as December saw better dispatch rates of batteries in the balancing mechanism (BM).
The Department of Energy Security and Net Zero (DESNZ) issued a notice last week (13 September) that the government has acquired National Grid’s Electricity System Operator (ESO).
Rimac Energy, the energy storage arm of EV technology company Rimac, has completed commissioning for its flagship SineStack, a grid-interfacing battery energy storage system (BESS).
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.
Trade body Solar Energy UK has welcomed the report by Electricity Grid Commissioner Nick Winser recommending ways to accelerate grid infrastructure build time.
