market

Gore Street Energy Storage Fund has agreed a deal to use Arenko’s Nimbus software across its operational portfolio, the companies have revealed exclusively to Solar Power Portal.

Bluefield Solar Income Fund (BSIF), an investor focused on large scale renewable energy assets in the UK, has released its annual results for the year ended June 2024, claiming that its operational portfolio is now responsible for 5% of UK solar generation.

Battery energy storage systems (BESS) earned the second highest daily total revenue in 2024 so far, reaching a high of £250/MW, on 21 August.

The UK’s growing energy storage fleet can reduce market risk for Contracts for Difference (CfD) projects, a consultant from AFRY said.

Trade association Solar Energy UK has welcomed a letter sent by MPs from the Environmental Audit Committee (EAC) demanding that the government should tackle long grid connection waiting lists for solar and battery projects.

Residential solar marketplace Otovo says solar installation prices fell by 13% in a six month period to March 2023 for British households.