storage

Social Energy is closing in on raising up to £50 million in new finance, after more than 20 companies expressed an interest in helping support the energy tech firm’s expansion.

As much as 500MW of additional large-scale battery storage capacity could be built in the UK in 2019, increasing its capacity by more than 70% to 1.2GW. Lauren Cook, analyst at Solar Media Market Research, reports.

Merlin Hyman, chief executive of Regen, has been recognised on the Queen’s birthday honours list for his services to the industry.

The policy gap between the feed-in tariff (FiT) and the Smart Export Guarantee (SEG) is set to close by the end of 2019, guaranteeing payment for excess domestic solar generation.

Regulation and policy decisions are the biggest barriers to UK energy storage and are in need of significant changes, says industry experts.

Gore Street Energy Storage Fund, one of the country’s maiden listed energy storage investors, has entered into agreements to acquire a 160MW portfolio of battery storage projects in Northern Ireland and the Irish Republic.

Independent energy supplier Tonik Energy has laid claim to an industry first by kickstarting the installation of 250 Tesla Powerwalls in UK homes.

Infrastructure asset management firm Arjun Infrastructure Partners (AIP) has acquired two UK solar portfolios from Ancala Partners LLP.

The Microgeneration Certification Scheme (MCS) is the latest to join a slew of calls for the proposed solar VAT hike to be scrapped.

Centrica has today unveiled a new electric vehicle offering, with solar and battery storage set to play a central role.