UK listed energy storage fund seeks 182MW battery project pipeline
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.
Articles tagged with: Capacity Market
Feature
Editor's blog
Five things we learned from Energy Storage Summit 2019
Topics previously off-limits due to commercial sensitivity or just a lack of experience from the field, were explored in depth at this year's Energy Storage Summit in London.
UK’s Capacity Market becomes target for flow battery maker CellCube
Long duration flow battery manufacturer CellCube will bring its large-scale vanadium redox flow systems to the UK, with the country's Capacity Market firmly in its sights, according to Immersa, which the Canadian energy storage company has signed up to partner with.
Solar needs storage to compete in National Grid’s UK Capacity Market redesign
National Grid has outlined how renewables could participate in the UK's Capacity Market, unveiling technology-specific de-rating factors that range from 1–15%.
Centrica celebrates completion of 49MW battery project in England
Centrica has formally announced the completion of its 49MW Roosecote battery storage project, 18 months after construction started.
UK Capacity Market suspension: Gov’t, European Commission ‘working closely’ to resolve issues
The UK government is seeking the “most rapid and effective path” towards a potential re-opening of the Capacity Market (CM), but has failed to determine the consequences if a negative decision is forthcoming.
UK battery project numbers fall under uncertain future for capacity market mechanism
There has been a substantial drop in the levels of new battery capacity being entered into consideration for the UK’s Capacity Market (CM) mechanism, according to the prequalification results of the next auctions.
UK Capacity Market suspended following landmark ECJ ruling
The future of the Capacity Market has been plunged into doubt after the European Court of Justice annulled the European Commission’s decision not to object to the scheme.
UK firm Arlington secures £200m investment for 1GW of energy storage, gas peaker projects
Arlington Energy, a clean energy investment group, has announced plans to build out a 1GW portfolio of energy storage and gas peaker projects across the UK after securing initial funding of £200 million (US$255 million) from an offshore fund of institutional investment.
UK’s reconfigured Capacity Market targets 50GW to 2023
The UK’s transmission system operator National Grid’s redesigned Capacity Market targets around 50GW of reserves up to 2023 and could be an early step towards longer duration energy storage batteries.
Feature
Interviews
Europe in focus: What drove 2017’s record-breaking deployment figures?
After reporting last week on the findings from EMMES, the European Market Monitor on Energy Storage from Delta-ee and trade association EASE, which demonstrated a big rise in installations by MWh in 2017 across the continent, we delved further behind another record-breaking year with the report’s lead author, Valts Grintals of Delta-ee.
Tesla mega-battery reports are wide of mark, say developers of 350MW+ UK solar farm
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.
Fluence secures UK’s single largest energy storage portfolio transaction with 60MW deal
Fluence says it has secured the single largest energy storage portfolio transaction for a technology provider announced in the UK to date after being selected by UK Power Reserve (UKPR) to deliver half of its battery storage portfolio.
Ørsted makes UK battery storage splash with 20MW project
Ørsted, formerly DONG Energy, has confirmed its entry into the UK battery storage market with a new 20MW project near Liverpool.
UK regulator Ofgem to consult on de-rating DSR energy storage in 2019
Ofgem is to consider Scottish Power’s proposal to create demand side response (DSR) technology classes intended to apply new de-rating factors to energy storage used as part of DSR bids into the Capacity Market in 2019.
Scottish Power accused of ‘vested interests’ in proposing further de-rating
British vertically-integrated utility Scottish Power has come under scrutiny from the demand side response (DSR) sector after proposing to national regulator Ofgem that de-rating factors applied to large scale battery storage should be extended to those used to provide DSR in the Capacity Market.
‘Devil is in the detail’: US wholesale markets open up but remain complex
The “devil is in the detail” when it comes to making regulatory changes in the US to open up wholesale markets for energy storage to participate in, a regional chief of regulator FERC has said.
UK’s ‘outdated’ Capacity Market left in a ‘state of flux’
The capacity market is rapidly becoming “outdated” after the latest auction failed to secure capacity and value for new technologies like energy storage, which is now in “a state of flux” following changes to de-rating factors.
UK battery storage to enjoy ‘explosive growth’ to 2022
Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth”, a market analyst has said.
Record low prices in UK Capacity Market auction trigger concerns
The latest auction for the UK’s Capacity Market cleared at a record low price at the end of last week as battery storage projects seemingly struggled to compete.
GE partners with UK developer Arenko for largest battery to date
GE has formed a strategic alliance with UK energy infrastructure company Arenko to develop grid scale batteries in the UK, starting with a 41MW system in the Midlands.
Coal beaten out as gas, battery storage and DSR are winners in UK’s Capacity Market
Battery storage and demand-side response have continued to play a crucial role in the UK’s power mix, together landing more than 500MW of contracts in the most recent T-1 Capacity Market auction.
Batteries for UK’s Capacity Market stay short duration, despite lower de-rating factors
The vast majority of battery projects set to compete in Britain's upcoming Capacity Market (CM) auctions will face significantly decreased de-rating factors after it emerged that most projects are still set to use either 30 minute or one hour duration batteries.
Feature
Guest blog
Behind the numbers: UK’s Capacity Market register pushes grid-scale pipeline to 8GW
With the release of the most recent Capacity Market pre-qualification register, the UK’s utility-scale battery storage pipeline has now reached nearly 8GW. Solar Media market research analyst Lauren Cook takes a deep dive into the projects that made it through pre-qualification, and what these results mean for the projects likely to get built in 2018.
UK’s new de-rating factors a boost for long duration batteries and energy arbitrage
Changes to the de-rating factors for battery storage projects competing in the UK's Capacity Market (CM) will push the sector towards longer-duration batteries, while potentially sparking a shift towards energy arbitrage as a source of revenue for shorter duration applications. David Pratt heard from several industry sources following last week's announcement.
Local authority’s sustainable energy arm in west England files 50MW battery proposal
A sustainable energy company founded by Swindon Borough Council, a local authority in western England, has submitted plans for a 50MW battery energy storage system (BESS) for its latest project.
Major blow for UK energy storage in Capacity Market following de-rating rule
Future battery energy storage projects in the UK have been hit with a major blow after the government published its intention to lower the de-rating factor in capacity market auctions by almost 80% for 30 minute duration batteries.
Battery de-rating risks scaring investors off UK energy storage, Anesco warns
UK renewables and battery developer Anesco has warned that the looming de-rating of battery storage in the Capacity Market risks scaring investors away from the technology.
New UK company Eelpower commissions first 10MWh battery on path to ‘battery energy storage utility’
Eelpower has commissioned a 10MW battery energy storage system (BESS) in England, backed with both frequency response and capacity market contracts, in the first of a new pipeline of projects being planned by the company over the next decade.
UK government refuses to clarify energy storage de-rating despite ‘imminent’ decision
The UK government's Department of Business, Energy and Industrial Strategy (BEIS) has refused to provide any clarity over when a decision on the potential de-rating of energy storage assets within the capacity market (CM) will be made despite a senior policy advisor stating the judgement is “imminent”.