UK investment management firm Gresham House has confirmed it is to launch a fresh fund raising drive as it sets its sights on a new, 182MW pipeline of battery storage projects.
UK editor Liam Stoker writes in a blog for the energy transition and smart power site this week that National Grid’s Distributed Resource Desk - a new platform for managing distributed resources on its network - is starting to enable wider participation in the BM.
Co-location of large-scale energy storage systems with solar and wind generation is not an immediate prospect for the UK’s clean energy markets, although interest is there, an expert panel said today at the Energy Storage Summit.
UK battery storage firm Zenobe Energy has secured a £25 million (US$32.27 million) investment from Japanese power giants Jera and Tokyo Electric Power Company (Tepco).
Firm spies potential for more than 4.5GW of flexible power capacity in the UK alone and a home energy management industry which it expects to be worth more than US£2 billion (US$2.58 billion) a year by 2025.
Renewable energy utility Good Energy has partnered with manufacturer Powerstar and engineering tech provider Belectric to push ahead its commercial and industrial (C&I) energy storage offerings in the UK.
A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.