Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.
Battery storage portfolio investor Gresham House Energy Storage Fund has acquired 55MW of UK projects in the past few weeks and completed a 10MW extension to an existing project.
Updated 10 January 2021: “These longer-duration 2 hour systems highlight a growing recognition of battery based energy storage systems as not only super-fast but also super-robust infrastructure assets that can serve a broader range of capacity and system balancing needs for 20 years or more.”
The battery storage optimisation and energy trading teams at EDF and Centrica Business Solutions – stalwarts of the UK’s Big Six of utility companies – have won 40MW of new deals to optimise large-scale battery storage systems.
UK stock exchange-listed energy storage investment fund Gore Street Energy Storage Fund has applied to triple its capacity in the Republic of Ireland, up to a total of 180MW.
The importance of software for the bankability of a project is growing, as the opportunities for energy storage around the United States continues to expand.
Two UK-based firms, energy supplier OVO Energy and integrated home battery storage provider Social Energy, have expanded into international markets in Spain and in Australia respectively.
