An increase of 20GWh of battery storage could reduce the amount of wasted wind power in Great Britain by 50%, according to new analysis from consultancy LCP.
UK energy storage firm AceOn has joined a call to reverse changes to Value Added Tax (VAT) rates applicable to energy storage systems that came into effect in the country in 2019.
The battery storage optimisation and energy trading teams at EDF and Centrica Business Solutions – stalwarts of the UK’s Big Six of utility companies – have won 40MW of new deals to optimise large-scale battery storage systems.
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.
UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.
Find out what’s been going on in the UK energy storage market over the past three years, presented by not-for-profit clean energy expert group Regen at the Virtual Energy Storage Summit which took place online in late September.
Gore Street Energy Storage Fund, one of two stock exchange listed energy storage funds in the UK, has acquired an 81MW operating battery storage portfolio from Anesco.
UK electricity system operator National Grid ESO is reviewing its previously-announced timescale for the introduction of two dynamic frequency response services and phase out of the existing market regime.
