Following a dramatic start to the year, Energy-Storage.news takes a look at what is driving price volatility in Britain and what battery energy storage could do about it.

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.

Developer Fotowatio Renewable Ventures (FRV) has unveiled the second utility-scale battery project in its “strategic plan to develop energy storage projects globally”.

The greatest value aggregrators putting batteries and other assets in the UK’s electricity markets offer to their customers today is in providing access to the Balancing Mechanism (BM), through which the electricity system operator National Grid ESO matches supply and demand in real-time.

As part of an optimisation deal with Open Energi and Erova Energy, battery storage owner and operator Zenobe Energy is set to enter a new battery into the UK’s Balancing Mechanism (BM).

In an effort to make it easier for smaller participants to bid into the Balancing Mechanism (BM), National Grid ESO has introduced a new interface.

UK battery asset operator and optmiser Habitat Energy has become the second such company to put battery energy storage into the Balancing Mechanism, the means by which the country’s tranmissionoperator manages the supply and demand of electricity on a half-hourly basis.

Algorithms for the control and optimisation of assets including batteries can be an energy trader’s best friend – nearly all of the time. Aaron Lally, managing partner at UK-based clean tech trading house, VEST Energy, explains why it’s good to know when to switch from automation to human-controlled trading.

The UKs largest council-owned battery storage site, the 30MW Fideoak Mill site, is now fully operational and able to participate in delivering multiple revenue-generating services.

EDF is set to optimise 49.9MW of battery storage owned by UK developer Pivot Power in a bid to enable “greater flexible electricity capacity for the grid”.