‘Frequency response revenues hit all-time-highs,’ UK battery storage investor Gore Street says

By Alice Grundy
LinkedIn
Twitter
Reddit
Facebook
Email
Gore Street’s 10MW Lower Road battery storage asset. Image: Gore Street.

Gore Street Capital, one of two stock market-listed battery storage developer-investor funds in the UK, is seeing its revenues for providing frequency response ancillary services hit record highs.

Three of Gore Street Energy Storage Fund’s battery storage assets have been ranked as some of the highest revenue generating assets on the grid in Great Britain as frequency response prices rise.

According to market data specialists Modo Energy, the three assets – Lower Road (10MW), Larport Farm (19.5MW) and Breach Farm (10MW) – were all some of the highest revenue generating assets per MWh in Q4 2021. Gore Street said they have again been listed as the best performing assets in January 2022.

Alex O’Cinneide, CEO of Gore Street Capital said that across Great Britain, the company is seeing pricing for its services reach “all-time highs from frequency revenue stream opportunities”.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Indeed, all three of the sites benefit from frequency contracts, for which prices have recently reached record levels sustained at approximately £25 (US$33.87)/MW/h. Gore Street told sister site Current± this was a rate achieved by one of its sites for firm frequency response (FFR).

This in turn has led to returns significantly above the base case across the company’s 110MW operational portfolio for the relevant months.

During Q4 2021, there were historic highs in energy prices as well as volatility, Gore Street said, with this driven by historical low wind, planned and unplanned generation plant outages, unforeseen interconnector failures and high gas prices.

The company said it has demonstrated that its assets are capable of capturing trading revenue when such revenue stream offers higher gross margins when compared to other available revenue-generating services.

Meanwhile, Gore Street is continuing to see what it said are extremely attractive acquisition opportunities, not just in Great Britain and Ireland but also internationally, particularly in European and North American markets.

Last year, Gore Street announced it would be expanding its Kilmannock battery storage asset in Co. Wexford, Ireland by 90MW. Earlier in the year, it acquired a 57MW construction-ready energy storage project in Leicester.

This story first appeared on Current±.

16 September 2025
Athens, Greece
The summit will address the most pressing challenges, opportunities, and trends in the solar power production industry, as well as exploring its complimentary technologies: Energy Storage and Green Hydrogen.
17 September 2025
11am EDT / 4pm BST
As energy costs rise, the weather grows more unpredictable and infrastructure ages, commercial and industrial (C&I) sectors face mounting pressure to stay agile. Energy storage is an important and versatile tool to help manage onsite power quality and reliability, reduce energy costs and enable the greater adoption of locally produced renewable energy. However, given the broad and technically demanding range of applications C&I energy storage solutions can provide, which technology is best suited for your needs? Join us for a webinar exploring how Honeywell’s energy storage technologies are helping businesses adapt in real time by boosting resilience, managing costs through energy arbitrage and advancing energy efficiency goals.
22 September 2025
Bilbao, Spain
The EU PVSEC is the largest international Conference for Photovoltaic research, technologies and applications and at the same time a PV Industry Exhibition, where specialized PV Industry presents technologies, innovations and new concepts in the upstream PV sector. It gathers the global PV community to present and discuss the latest developments in Photovoltaics, to network and to conduct business. It is the world-renowned science-to-science and science-to-industry platform uniquely focused on the global PV Solar sector. The conference scientific programme is coordinated by the European Commission Joint Research Centre.
23 September 2025
12pm BST / 1pm CEST
Maximising the full potential of large-scale battery storage requires far more than just a sophisticated trading approach. It demands a robust understanding of battery chemistry and degradation, accurate performance forecasting, and the ability to operationalise vast datasets in real time. new revenue opportunities are emerging. The webinar will show attendees inside the current revenue stack available to large-scale battery storage assets, unpack how batteries generate value, explore where the next commercial opportunities lie, and show how advanced analytics and AI-powered tools are transforming battery performance, optimisation, and longevity.
23 September 2025
Warsaw, Poland
The Energy Storage Summit Central Eastern Europe is set to return in September 2025 for its third edition, focusing on regional markets and the unique opportunities they present. This event will bring together key stakeholders from across the region to explore the latest trends in energy storage, with a focus on the increasing integration of energy storage into regional grids, evolving government policies, and the growing need for energy security.
25 September 2025
2pm BST / 3pm CEST
Battery Energy Storage Systems (BESS) are rapidly becoming a critical component of modern power systems. But what is it really like to operate one for the first time? Join this exclusive session to hear directly from the teams behind one of the biggest BESS deployments in the Central American and Caribbean region. In this webinar, industry leaders from InterEnergy and TWAICE will present their real-world experience operating a BESS from the ground up. You’ll hear from Laura PerezAmigo (Operations Manager at InterEnergy), and Matthew Drazenovich (Technical Solution Engineer at TWAICE) about what it takes to transition from traditional energy operations to battery-based systems. Participants will learn about the unique challenges encountered—from system integration with PV assets to performance optimization under dynamic grid conditions—and how decisions made early in the lifecycle can have long-term impacts.

Read Next

September 5, 2025
South Korean company SK On has entered the US BESS market with LFP batteries, securing a supply contract with Flatiron Energy Development.
September 5, 2025
Energy-Storage.news proudly presents our sponsored webinar with Qcells + Geli, on modelling and realising maximum profits from commercial & industrial (C&I) battery storage systems.
Premium
September 5, 2025
ESN Premium speaks with Chris McKissack, CEO of developer Fullmark Energy, on issues affecting the US market today and the company’s transition from its legacy business model.
Sponsored
September 5, 2025
Last summer, a Texas energy storage operator watched in frustration as their battery system missed a golden trading opportunity during a peak demand window.
September 5, 2025
Australian renewable energy company Tilt Renewables has officially inaugurated its 100MW/200MWh Latrobe Valley battery energy storage system (BESS) near Morwell, Victoria.

Most Popular

Email Newsletter