Battery storage systems are “perhaps the most complex energy asset to optimise” from a market perspective, but the UK industry is handling those challenges.

This week’s Friday Briefing is largely concerned with the UK’s current period of low revenues for battery storage and how the market can move forward.

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.

UK’s electricity system operator, National Grid ESO (ESO) this week (12 December) launched the first stage of its Open Balancing Platform.

The optimiser holds the keys to your battery storage asset, so it’s important to ask the right questions, says Jürgen Pfalzer of enspired.

Dr Alastair Martin of Flexitricity sheds light on negative energy pricing and the opportunity it represents for batteries.

Concern has been raised by the industry about battery storage consistently being overlooked in the UK’s Balancing Mechanism (BM), as the sector’s average revenues plummeted in the first half of 2023.

Europe’s biggest battery storage system earned £2.3 million (US$2.85 million) revenues in Q1 2023.