Macquarie’s Green Investment Group (GIG) has acquired a portfolio of 187MWh of late-stage development battery storage projects in the UK.
The editorial team brings you the top takeaways from this year’s Summit, spanning everything from finance and the growing appetite for investment in the market today, to the technologies and policies that could help the UK and other nations to meet urgent deadlines for decarbonisation.
Multinational utility Engie and renewables developer Neoen are to invest €1.2 billion (US$1.46 billion) in a large-scale solar-plus-storage project in south eastern France, which includes a 1GW solar system and 40MW of battery energy storage.
Switzerland’s largest battery storage system has gone into action stabilising the electricity network for transmission grid operator Swissgrid, asset operator Alpiq has said.
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News in brief from around the world of energy storage.
French utility EDF is launching a major solar-plus-battery storage hybrid initiative in England and Wales as part of plans to double its installed renewable base.
UK-based stock exchange listed investor Gresham House Energy Storage Fund has conditionally agreed to acquire a 50MW battery storage project.
A new joint venture between a UK-based asset manager and a Danish renewables investor has been signed to fund a 500MW solar and storage pipeline in the UK.
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.
Renewable energy and energy storage project developer Anesco has handed aggregator Flexitricity the keys to 19.5MW of battery assets, with the latter set to earn revenues from four different 'streams'.
GRIDSERVE said the new project "ushers in a new era" for "subsidy-free, truly sustainable energy" in Britain.
A local authority in England has unveiled two landmark solar-plus-storage projects on existing landfill sites which aim to be the first of their kind in the UK.
The UK’s second subsidy-free solar farm, and the first by a local authority using battery storage, has been completed by West Sussex County Council in a project that ticked “every box” and will generate significant income over the next 25 years.
Battery assets have been used in the UK's Balancing Mechanism for the first time via a virtual power plant, marking the start of what could be a new era for energy storage business models in Britain.
Cleve Hill Solar Park, the joint venture (JV) of Hive Energy and Wirsol intending to develop a 350MW+ solar farm on the Kent coast of England, has yet to make any decisions regarding the battery storage element of its plans, contrary to media reports.
The first solar-plus-storage microgrid in Asia to use Tesla’s Powerpack energy storage system is designed to end power reliability issues for a Philippines community, long used to losing light and productivity to brownouts.
Developer INRG Solar is plotting a 120MW solar array near Scunthorpe, northern England, in what could be the country’s second proposed solar farm of "significant infrastructure" status.
German renewables company Wirsol has tabled plans for two subsidy-free ground-mounted solar parks in the UK, for which energy storage is expected to be included in “phase two of the build-out”.
Battery storage technology costs will have to fall by a further 30% before projects in the UK are feasible without lucrative frequency response revenues, a leading investor has said.
UK-based renewables developer Anesco says the inclusion of battery storage has been central to the economic viability of the country’s first subsidy-free solar farm, a 10MW site the company has just unveiled in the east of England.