A coalition of battery storage developers, including Zenobē, Eelpower, Harmony Energy and Field, has penned a letter to the UK government and National Grid Electricity System Operator (National Grid ESO).
We hear from consultancy AFRY about how energy storage can reduce market risks for CfD-winning projects in the UK, now and in future, as Ørsted launches a BESS at a major wind farm project with a CfD.
London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.
Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.
Another roundup of news in brief from the UK’s busy energy storage market with project and financial news from Copenhagen Infrastructure Partners, Gore Street Energy Storage Fund, and a tax break for home batteries.
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.
Energy-Storage.news is proud to present our sponsored webinar with GridBeyond, where we discuss risk and reward in the battery storage sector with a particular focus on the UK market.
