Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

A proposed network of high speed electric vehicle chargers and large-scale batteries connected directly to the UK’s transmission network has been unveiled to offer a new business model to the country’s energy storage 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.