London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million (US$159.86 million) to finance six new energy storage projects.

A new market for providing ancillary services to the UK’s grid has been highlighted as more valuable in its first seven weeks of operation than any other frequency response service run by the network operator, National Grid ESO.

Barriers to financing for energy storage could hold back the growth of solar in the US, while an Investment Tax Credit (ITC) for standalone energy storage should be introduced, the audience heard as our publisher Solar Media hosted the Solar and Storage Finance USA event last week.

Energy-Storage.news was delighted to host a sponsored webinar with Wärtsilä Energy on how energy storage is being used to support the uptake of electric transport last week – and you can now watch the whole thing on our YouTube channel.

Find out what’s been going on in the UK energy storage market over the past three years, presented by not-for-profit clean energy expert group Regen at the Virtual Energy Storage Summit which took place online in late September.

A decision by UK gas and electricity markets regulator Ofgem’s to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found.

With many climate protection advocates as well as the industry itself calling on Europe’s lawmakers to recognise the importance of energy storage, a “significant slowdown” in 2019 is expected to be countered with a more positive outlook going forwards.

While we have avoided risking the spreading of false information or reacting too hastily to an ever-changing situation, here are some of the latest developments. This blog will be updated as and when new information or views arrive.

A number of projects have been announced in the past couple of weeks highlighting the link between the stationary energy storage space and electric cars – aka “batteries on wheels”.