Average revenues for the Gresham House Energy Storage Fund doubled from February to April this year, fund manager Gresham House said in its full year 2023 results.

Market saturation in the Texas, ERCOT ancillary services market is already happening as the BESS buildout accelerates, Energy-Storage.news has heard.

Energy-Storage.news proudly presents our webinar with Clean Horizon on how energy storage systems can provide more value by going beyond ancillary services.

Optimisation company Flower has acquired a 42.5MW/42.5MWh BESS project from developer OX2 in Sweden, a milestone deal for both companies.

The Department of Mineral Resources and Energy (DMRE) of South Africa has opened the third bid window for its Battery Energy Storage IPP Procurement Programme (BESIPPPP), while also revealing the fifth and final winner from the first window.

The issue of ensuring reliability of BESS resources in the Texas electricity market has not gone away for grid operator ERCOT, despite the state regulator’s recent quashing of proposed minimum state-of-charge (SOC) rules.

Utility EWEC (Emirates Water and Electricity Company) has invited developers to submit expressions of interest (EOI) for a 400MW battery energy storage system (BESS) project in the UAE.

Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.

Finnish utility Helen is launching a 40MW battery energy storage system (BESS) project in Nurmijärvi, southern Finland, for 2025 commercial operation.

The UK battery storage market is suffering a “weak revenue environment”, with assets not able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability, according to Gresham House Energy Storage Fund.