The UK will exempt clean energy technologies from business rate rises while tenders for large-scale renewables will allow bids to include generation projects colocated with energy storage.
Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants.
UK battery storage developer and investor Pivot Power, battery technology provider Wärtsilä and major utility company EDF’s 50MW/50MWh Kemsley battery energy storage system (BESS) has gone live.
Lithium batteries have definitely changed the game for the energy transition, but require smart technologies and strategies to optimise them — which can be equally important.
Companies in the battery storage sector attracted US$11.4 billion in corporate funding in the first nine months of 2021, a 363% rise on the same period of last year.
UK renewable energy and energy storage company Anesco is to build and maintain 100MW of battery energy storage for investors JLEN and Foresight Solar Fund Limited (FSFL).
A gigawatt-scale factory producing lithium iron phosphate (LFP) batteries for the transport and stationary energy storage sectors could be built in Serbia, the first of its kind in Europe.
Developer Penso Power has signed a new agreement with global maritime group BW Group that will see the build-out of the former’s UK battery storage pipeline fully funded.
