Fidra Energy has secured £1 billion for the largest BESS in the UK, while EDF and Elements Green have agreed a toll for a 720MWh system.

UK regulator Ofgem has launched a cap and floor investment support scheme to unlock funding for new Long Duration Electricity Storage (LDES).

Gilkes Energy has been awarded planning consent for its Earba Pumped Storage Hydro (PSH) scheme.

Ørsted has broken ground on a BESS development co-located with onshore substation infrastructure for Hornsea 3 Offshore Wind Farm in the UK.

The battery storage markets of Italy, Great Britain and Germany are the top three most attractive for investors in Europe, according to analysis firm Aurora Energy Research.