“Battery storage is going to be an extremely important part of net zero,” says Nick Winser, the UK’s electricity networks commissioner, at Solar Media’s Energy Storage Summit EU 2024.
Bluefield Solar Income Fund’s NAV per share decreased by just under 3% at 31 December 2023, as the company navigated restricting capital market conditions.
Almost 1,000MW of new-build battery assets were successful in the T-4 Capacity Market Auction for delivery year 2027/28, which cleared yesterday (27 February) at an “all-time high” clearing price of £65/kW/year.
Bobby Smith, president of the representative group Energy Storage Ireland, sits down at Energy Storage Summit 2024 to discuss the past, present and future of energy storage for the country.
Speaking at this year’s Energy Storage Summit EU, Semih Oztreves, director of network infrastructure at battery energy storage system (BESS) developer-operator Zenobē identified that the “sweet spot” for a UK BESS project lays “somewhere probably between 200-500MW.”
Harmony Energy successfully bid six battery energy storage system projects in the latest T-1 Capacity Market auction for delivery years 2024/25, increasing its revenue for this period to £3.2 million.
The Energy Storage Summit EU 2024 heard praise for the UK BESS industry’s approach to “perhaps the most complex energy asset to optimise” from a market perspective.
