The Capacity Market T-1 auction cleared at a record high price in the UK this week, with 17 batteries winning spots.
Colocating battery energy storage systems alongside renewables projects will be ‘critical’ to energy networks in the future, and could help level up debt financing.
Enabling longer duration storage and non lithium-ion technology, what to do with the storage capabilities of electric vehicles and how the industry is overcoming regulatory hurdles were all key topics discussed at this year's Energy Storage Summit in London.
Investors are queuing "all the way down the street" but many require the first projects to be built before committing, Gridserve's chief investment officer Mark Henderson has said.
GRIDSERVE has completed a “game changing” hybrid solar-plus-storage farm in York, UK, claiming it to be the first in the country to boast single-axis trackers and bifacial panels.
The pipeline of projects currently stands at 11GW, and although it is unlikely that this will all be built, we currently see nearly 800MW of projects at the ‘under construction/ready to build’ stage.
GRIDSERVE said the new project "ushers in a new era" for "subsidy-free, truly sustainable energy" in Britain.
British infrastructure investment company Foresight Group has made its second acquisition of a UK battery storage project, taking on the 10MW Nevendon battery from Gridserve and Aura Power.